The enhanced focus on audit quality in the wake of the collapse of Carillion is leading some of the Big Four accounting firms to scramble for new ways to improve their work and to take some bizarre initiatives. Last year KPMG introduced mandatory yoga and mindfulness sessions for its stressed-out auditors. Now EY is attempting to roll out the findings of a team of psychologists that it drafted in to analyse how its best performing audit teams tick. The results are currently used to coach thousands of its other auditors to “replicate the behaviours and culture that drives high audit quality”, the firm said. Give Arcadia a breakProfiting from misfortune in the retail sector is the bread and…

Source: The Times June 05, 2019 23:02 UTC