Nah. Plenty of us understand the statutory role of the auditor in Ireland. And we can see that the real problem is an industry that puts fees ahead of just about every other concern.leroy42 said:The problem, as mentioned earlier in the thread is the audit expectation gap.
How can auditors expect the public to respect them when, after clear evidence that various corporate officers misled auditors again and again and again, virtually no action is taken on behalf of the auditors? When its crystal clear that corporate Ireland will give auditors the full ass to mouth treatment, and the auditors will say nothing for fear of upsetting its client base?
Was Sean FitzPatrick quivering when John Purcell was sent in by the accountancy profession to report on his activites? What's come of that, all these months later?
Ernst & Young had a perfect opportunity to clarify any audit expectation gap when invited before a Dáil committee last year. The firm chose to hide behind legal advice, even though its client, Anglo Irish Bank, was now under state ownership and was not on record as objecting to any appearance.
Was that firm criticised by its fellow auditors for that stunt?
The rest of us will respect auditors as a profession when they start respecting themselves.