Global regulators want to limit accountants´ say on audit rules

Global regulators want to limit accountants´ say on audit rules

Global regulatory want to shake up how rules are written to curb the and avoid any Audit rules are currently the umbrella of the International Federation of Accountants (IFAC),a global body that represents a profession dominated by the "Big Four" —PwC, Deloitte, KPMG and EY -which also check the books of nearly all blue chip companies globally.

Regulators now want audit rule makers who are independent of the accounting industry, and issued a paper for public consultation on Thursday that set out options for change.

The Business Standard, New Delhi, 10th November 2017

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