The Effective Board
Reviewing or Tendering External Audit
The Enron scandal in 2001 combined with similar scandals at Worldcom and Global
Crossing and the subsequent collapse of Arthur Andersen, one of the ‘Big 5’ firms of
auditors at the time, has led regulators around in the world to tighten rules around
the appointment of external auditors and how audits should be performed. In the UK,
which had gone through a series of scandals, which included names such as Polly Peck,
Robert Maxwell and BCCI, a decade earlier, the remedy has been shoe-horned into the
Corporate Governance framework which emerged.
Helping you get it right
For us, good governance is about good performance.
Yes, compliance matters. But our work is about helping you make sure your organisation…is led effectively by a board that adds value…is kept under control through risk management and assurance frameworks that meet your needs…and is “doing the right thing”.Contact