Why didn’t auditors sound the alarm on WeWork? Or GE, Mattel, and Under Armour? Critics say the current auditing setup is hopelessly flawed and a series of recent high-profile audit failures have put accounting firms under more scrutiny than at any time since Enron. One way or another, they’re about to change. Sign up for a free 7-day trial of membership to read this week’s field guide on accounting at a crossroads.
Whether you’re an investor, in the industry, or simply looking to better understand it, check out:
- The state-of-play which outlines the many problems of the accounting industry, where regulators fall short, and how new technology could improve audit quality.
- Quartz’s toolkit for understanding the biggest issues in accounting and what goes wrong when accounting firms become consultants.
- An explanation of how regulators in the UK are taking action (including separating the UK firms’ consulting and auditing businesses to prevent conflicts of interest) to prevent accounting scandals.
Become a member before Friday at 11am ET, and have the opportunity to join our members-only conference call about the future of accounting and get your questions answered by our team of experts.
As a special offer enter code EMAILOFFER at checkout to receive 50% off your first year of membership.
Best wishes for a productive week,
Erica Rallo
Community manager