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“An audit is an inspection of a company’s accounts to make sure they give a ‘true and fair view’ of what state the company’s finances are in. Auditing plays an important role in our economy – and one that affects ordinary people much more than many of us realise. ”—
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“Many people, including the UK government, believe that the auditing industry as a whole is failing. That matters, because auditing failures can lead to layoffs, lower tax revenues, poorer pensions and destabilised economies. ”—