Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
Eng_FIK_Reading in finans.doc
Скачиваний:
1
Добавлен:
01.04.2025
Размер:
4.11 Mб
Скачать

6.1. Put the paragraphs of this article in the correct order. The first is a and the last is e, but the other paragraphs are in a different order:

a Accountants seek to stay glamorous

The government will give the accountancy profession a generally clean bill of

clients are sufficiently robust to eliminate any immediate risk of an Enron-style corporate collapse here.

health today after a year-long investigation. It has concluded that the structure of Britain's auditing firms, the rules governing their conduct and the nature of their relationship with

105

b Today's report is the third d tranche of new rules to be introduced on both sides of the Atlantic — all aimed at

improving corporate gov-ernance and strengthening auditor independence to ensure there are no more Enrons. First came the par-allel reports from Derek Higgs and Sir Robert Smith in the UK; then the Securi-ties and Exchange Com-mission's introduction of new regulations to imple-ment more of the Sarbanes-Oxley legislation; and now the government has weighed in with the find-

ings of its own inquiry. e That the accountancy pro-fession has emerged rela-tively unscathed from such

a wide-ranging examina-tion of its role and respon-sibility, conducted against a political backdrop of fear and retribution, is being attributed to the role played by Peter Wyman, the presi-dent of the Institute of Chartered Accountants in England and Wales.

c For the past year, Mr Wy-man has been engaged in shuttle diplomacy between London, Washington and Brussels. He has persuaded legislators, ministers and officials that the account-ancy profession will not shirk its responsibilities to

However, Patricia Hewitt, the Trade and Industry Secretary, will impose some important changes as she unveils the findings of the investigation. She will make it clear that vigilance is critical to guard against lapses in profes-sional standards, and will demand greater transparency from the big accounting firms. She will insist on clear procedures to ensure au-ditors do not develop cosy rela-tionships with their clients, but the firms will not be forced to ditch lucrative non-audit work for clients — notably providing tax advice — unless conflicts of in-terest threatening the auditor's independence are identified.

The ICAEW has already intro-duced measures to guard against auditors becoming too cosy with clients. It has a five-year rotation of lead audit partners, and has established the concept of an in-dependent review partner who can oversee the audit but who does not know the client. Even on the vexed question of no-audit services, the profession can report good progress towards ensuring that the lust for lucrative contracts does not affect the audit relation-ship with the client.

The Guardian

06

shareholders, and has ar-gued eloquently that any changes to the structure of the profession must be de-signed to improve the qual-ity of the audit and enhance the integrity of auditor in-dependence.

Соседние файлы в предмете [НЕСОРТИРОВАННОЕ]