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Home > Auditing Viewpoints > Challenges Faced by the Audit Profession After the Crash

Auditing Viewpoints

Challenges Faced by the Audit Profession After the Crash

by James Chadwick

Introduction

James Chadwick qualified as a chartered accountant in 2003 and is a member of the Institute of Chartered Accountants of Scotland. In 2004 he joined Grant Thornton, where he has performed a number of different roles and undertaken a six-month secondment into industry. In January 2011 he became associate director and head of Grant Thornton’s audit practice for the Scottish region. Chadwick has a wide and varied client base that includes some of Scotland’s highest-profile businesses across a number of different sectors. He is head of the food and drink team for Scotland.

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Further reading

Books:

  • Johnson, Spencer. Who Moved My Cheese? An Amazing Way to Deal with Change in Your Work and in Your Life. London: Vermillion, 1999.
  • Kline, Nancy. Time to Think: Listening to Ignite the Human Mind. London: Cassell Illustrated, 1998.
  • McLean, Bethany, and Peter Elkind. The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron. New York: Penguin, 2003.
  • Sorkin, Andrew Ross. Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves. New York: Viking, 2009.

Websites:

  • Audit Practices Board, sets auditing standards and ethical standards for the audit profession: www.frc.org.uk/apb/
  • Financial Accounting Standards Board, the official accounting standards setting body for the US: www.fasb.org
  • International Financial Reporting Standards Foundation, the body responsible for setting international accounting standards through the International Accounting Standards Board: www.ifrs.org

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