Why didn’t auditors sound the alarm on WeWork?
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.
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Best wishes for a productive week,