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City AM: Debate: Will the new recommendations from the CMA help rebuild trust in the audit sector?

Jan Bouwens, Research Fellow at Cambridge Judge Business School, comments on the audit industry and proposals from the Competition and Markets Authority (CMA). “Policy change is needed, and proposals in the Kingman Review to strengthen accountability and the regulatory regime are welcome,” he says. “But we also need a debate about what we expect. If we are aiming for audits to have increased scope and never contain errors, we will need to pay for that.”

Read the full article [dev2.cityam.com]