Who audits big companies for mega fees? On paper it is the big four accounting firms - Deloitte, EY, KPMG and PwC. But they use offshore networks. There people without proper control do audits remotely. For bigger profits. Offshoring of audits is not disclosed. archive.ph/MBclD
Big Four’s use of offshore auditors sparks concern from UK accounting watchdogFinancial Reporting Council says it will monitor how the largest firms manage their overseas teams for the next yearwww.ft.com