An estimated 5% of U.S. audit work is now done in India, up from just 1% to 2% five years ago, and the move is creating concerns about the oversight of that work, Reuters reports. According to the story, U.S. regulators do not do physical inspections of worksites in India, but the Big 4 audit firms say the work done in India is reviewed in the U.S. The Big 4 firms also say the work done in India is routine, but others argue that the offshore centers are taking on more complex work.
See the full story here.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
