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We understand that racism is a systemic and institutional problem, and we acknowledge our own need to be and do better.
Solving the audit challenge means changing the model. Auditors are under pressure so it’s important they play their part in COVID19 recovery and provide a fair view of which businesses are going concern.
The stream of high-profile business failures over the last 5 years highlights challenges to the finance profession in applying appropriate accounting standards, understanding industry models and creating straightforward and consistent external reporting.