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Deborah O'Neill

Gatekeepers turned poachers are a danger to audit integrity

The evidence is mounting that the big four are the new vampire squid of corporate Australia.

Auditing is a vital pillar holding up our financial system and auditors are our entrusted gatekeepers and critical to the operation of our market system. Without their independent scrutiny of financial reporting, the entire financial system would be at risk.

With over $2.7 trillion of Australian workers' hard-earned money invested in superannuation assets, the quality and integrity of the external audit is more important than ever to every Australian.

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Deborah O'Neill is a senator for New South Wales.

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    Original URL: https://www.afr.com/companies/professional-services/gatekeepers-turned-poachers-are-a-danger-to-audit-integrity-20191208-p53hz7