LONDON - Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion.Directors would have to repay their bonuses if the company went bust or serious failings come to light.
“It’s clear from large-scale collapses like Thomas Cook, Carillion and BHS that Britain’s audit regime needs to be modernised with a package of sensible, proportionate reforms,” Britain’s business minister Kwasi Kwarteng said in a statement.
KPMG is another name for the KGB only it includes GBs own PM
Cc: DeloitteChina you still signing off on $GSX fake balance sheet?
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