Auditors should not be excluded from tendering for an audit if they already provide other professional services.
The view comes in a new report from the Financial Reporting Council (FRC), which has revealed that investors are concerned that audit firms, especially those outside the main Big Four audit suppliers, should not be dismissed from tendering if they already provide another professional service to a client.
The report, Audit Tenders: Notes on Best Practice, says: "Audit Committee Chairs have queried how to manage the conflicting requirements of different professional services and whether to prioritise the audit relationship. I
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