In the parliamentary report (June 12) on The Accountancy Bill, the minister was quoted emphasising the protection of the auditor "who now cannot be sacked because of differences he might have with the management".
Even if such differences relate to his remuneration? Which could well be used as a screen to hide fundamental professional disagreements?
Currently, I am privy to a claim/pretence by directors against "overcharging" by their auditor, even securing a quote from others to prove their point, but who now "must consult with the incumbent" to establish why he is being dismissed. How embarrassing!