Cross-selling by auditors is under review

Monday 4 February 2002 at 16:00

The Enron debacle has revived the issue of auditor independence. On both sides of the Atlantic there have been calls to ban audit firms providing non-audit work to companies whose books they review.

A review of the cross-selling of services by audit firms in Europe is hindered by poor disclosure. While all audit and non-audit fees must be disclosed by companies in the UK, few continental European markets are as transparent.