David Young and Lawrence Reed
NAS: the new nightmare
‘What companies do in the next two years could impact on the whole of their procurement of both audit and non-audit services after 2016. Put simply, who a company uses now for a professional service in a subsidiary may affect who may audit them in, say, 2018.’
Peter Montagnon
Ethics, risk and governance
‘Many boards acknowledge the importance of a healthy corporate culture, both because of the role this plays in mitigating risk and because of the value to their franchise of a sound reputation. A healthy culture also reduces politics inside the company and makes for more engaged employees. Yet there is often a temptation to see embedding culture as largely a compliance exercise, whereas values actually go to the heart of what a business is and how it works.’