Thanks so much for all the brilliant videos you do. They are really clear and insightful. I'm recently qualified but I'm not feeling so comfortable in my job and have really relied on your earlier videos as enjoyable ways of revising areas I'm still not so confident in. You've a great and rare skill of explaining things in layman terms that provides much needed clarity. Thanks!!
The People’s Republic of China is not on the IFIAR list of members and they do NOT have independent oversight of audit firms and audits. IFAC has a really neat summary of the regulatory situation for accounting and auditing here - www.ifac.org/about-ifac/membership/profile/china
hi dr Amanda, may i know how do Big 4 connections work ? e.g Do Big 4 China need to report to headquarters? Do these Big 4 all over the wolrd works like a "franchise"
Hey Sylvester! Great question - franchise is a pretty good idea. For most of them - each country’s firm belongs to an area network (eg Asia Pacific, Americas, Europe) and then each network sends representatives to be on a central executive board that oversees all of it.
