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| Photo: Depositphotos.com |
The
Dutch financial services watchdog AFM has criticised the big four accountants
groups for again failing to carry out adequate checks on the accounts of listed
companies and banks.
AFM staff carried out additional checks on 32 annual
reports and found shortcomings in 19 of them.
‘Although steps have been taken,
the monitoring of quality by audit firms continues to be a concern and
implementing the change agenda continues to be difficult,’ AFM board member
Gerben Everts said in a statement.
‘We have also seen good audits, which proves
that auditors can deliver quality. But this has to apply consistently across
the board in the coming period.’
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