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""We need to know if an auditor is in a position to blow whistles
and ring bells if he finds irregularities.
His firm stands to lose a lot of rich pickings if he speaks out
doesnt it!""

What's required is disclosure, not dissimilar to that of a financial planner that is now required.

I believe most would be horrified how intertwined the business of auditing and consulting is today. I used to account manage the Big 6 (as they were back then), they thrive on "cross fertilisation" between practices / partnership to increase their yield per customer/account.

Andersen's are the tip of the iceberg okay, remember that Deloittes got done with AWA (short memory?). Unfortunately, ASIC is about as toothless as they come. Are we really going to expect justice? Track record here says it all.

Big 5 firms = Dracula looking after the blood bank

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