ROB ROSE: Perverse incentive for auditors

There’s been so much hand-wringing among executives about audit failures in the past few years that you’d almost think they want auditors to do their job.

But the example of fishing company Oceana — where ousted auditor PwC is probably now in counselling for post-traumatic stress disorder — suggests otherwise. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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