FSA examines role of 'questionable' auditors

In a discussion paper published today, the FSA and Financial Reporting Council (FRC) say auditors focus too much on gathering and accepting evidence "rather than exercising sufficient professional scepticism in their approach". The FSA says it wants to stimulate debate on the role of auditors in a bid to enhance their contribution to prudential regulation. Today's paper: Questions aspects of the quality of audit work relevant to prudential regulation - in particular, whether the auditor has always been sufficiently sceptical and has paid sufficient attention to indicators of man...