The IPPR has called on the Government to expand auditors remit so they also have to examine their clients governance, climate risks and use of personal data.
Accountancy firms should also make it clear to investors and customers if a business s finances lack transparency, the IPPR added.
And they must introduce a culture of challenge to their work, separating audit arms from other consultancy activities to avoid conflicts of interest.
The IPPR said this should help to break up the oligopoly of the Big Four auditors – Deloitte, KPMG, PwC and EY.
Jung said: Auditors should be the gatekeepers helping keep financial mismanagement at bay, yet too often they are failing to do so and are failing society. To meet society s expectations and needs, there needs to be profound audit sector reform.
Expand role of auditors to close expectation gap, think tank says
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A single father is innocent, he will work alone that will take care of the house, while it is a crime to have single mothers, how can the woman who could not save the house handle the work? | सिंगल पिता तो मासूम होता है, अकेले काम करे कि घर संभाले; सिंगल मदर होना गुनाह है, जो औरत घर नहीं बचा सकी, वो काम कैसे संभालेगी?
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UK Faces ‘Ticking Time Bomb’ of Missed Cancer Cases, Study Claims
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The disruption of the coronavirus pandemic has resulted in fewer urgent cancer referrals in England, meaning that cases could be caught too late and result in survival rates “going backwards”, according to a report.
A study of NHS England data by the Institute for Public Policy Research (IPPR) had found that GPs made 1.85 million urgent cancer referrals between March 2020, at around the time of the first lockdown, and January 2021. Compared to 2.2 million referrals made in the same period the year before, that represents a 16 per cent drop or some 350,000 people.