179
Chapter 32
Case Study
(Note – these are items for discussion – there may be other points not
mentioned here)
Why would Tickitt & Run be so keen to see Megablast relocate?
What benefits would it bring to Megablast to do so?
182
Lords inquiry asking for a cap on the number of big audit contracts any one
firm can have.
Do you think that this is necessary and what impact do you think this would
have on audit quality?
(d) Set out the arguments for and against giving the FRC a greater role in
regulating audit firms?
183
Against
xThis would lead to increased costs and greater bureaucracy
xIssues may not be fully understood by non audit trained
investigators
xThe FRC has no mandate to take on a disciplinary function of
members of a professional body – it has a mandate to investigate