It has never been a better time to be a regulator – particularly if your line of work is regulating auditors.
The latest of a plethora of plans supposed to prevent another ‘Enron’ emerged on Monday (8 April) by way of the UK’s Institute of Chartered Accountants. It has proposed a compulsory delay between an auditor leaving his or her firm and taking up a post at a client company. The reason for this proposal is obvious and, given the increasingly shrill calls for advisers to get out of bed with their clients, it may well be taken up.
