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Carillion Failure, Improving Audit Quality and Brydon Review

May 6, 2021[2021] 127 taxmann.com 207 (Article)
Brydon report in the UK suggested wide-ranging changes in the corporate audit framework in the backdrop of failure of the construction giant Carillion wherein the independent auditor inter alia failed to issue ‘going concern uncertainty’ warning while issuing annual audit report just six months before the company filed bankruptcy.
read more 28 min read

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