The corporate regulator stopped publishing an annual report card on audit quality partly because of media reports focusing too much on the poor auditing work done by the big four accounting firms.
The extraordinary admission was made during the Senate inquiry into consulting.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
