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Why professional scepticism breaks down: inside the structural pressures of audit
How familiarity, hierarchy, inherited assumptions and poor client preparation can erode challenge inside audit teams.
Oct 7
1
When Speaking Up Becomes the Risk
What KPMG Australia reveals about institutional responses to whistleblowers—and why partnership structures can make those failures harder to correct.
Oct 2
2
The warning before the claim: why Big Four captives need pre-incident signal
Why rising claim severity is putting Big Four captive insurers — and their early-warning systems — under pressure.
Sep 30
•
Stephen Hourigan
1
Part 2 — £1.8 billion and borrowed trust: the limits of institutional oversight
What the MFS collapse reveals about fragmented assurance, divided responsibility and the gaps between auditors, banks, a Security Agent, and regulators.
Sep 9
•
Abdelhamid Taha
2
Part 1 — £1.8 billion and borrowed trust: the MFS structure no one was mandated to see whole
How Market Financial Solutions grew through a fragmented network of lenders, SPVs, auditors, trustees and banks — and how the structure obscured who was…
Sep 2
•
Abdelhamid Taha
2
MFS source annex: documents behind the £1.8bn collapse
Primary filings, FCA and FRC materials, insolvency records and reporting behind Big4News’s two-part investigation into Market Financial Solutions.
Sep 2
•
Abdelhamid Taha
The Structural Capture of Corporate Conscience
Risk expert Astrid Yee-Sobraques argues that challenge functions fail when revenue takes priority — and need real authority to constrain high-risk…
Aug 28
•
Astrid Yee-Sobraques
3
EY achieves best-ever PCAOB inspection results: 5% deficiency rate in 2025
EY cut its PCAOB Part I.A audit deficiency rate from 28% to 5% in 2025, matching Deloitte and leading the Big Four. Full analysis of the latest…
Aug 14
•
Claudine Cassar
1
1
Why ethical failures keep happening — and how leaders can prevent them
Ethical failure is rarely caused by one bad decision. It emerges when pressure + incentives + ethical fading + weak challenge + inadequate…
Aug 14
•
Dr Peter Collins
2
3
2
While KPMG Australia dominated the global headlines, South Africa barred a former partner from auditing for life
Junior auditors escalated a R700m cash discrepancy at VBS Bank. The partner signed a clean opinion anyway — and has now been permanently barred from…
Aug 12
•
Claudine Cassar
4
2
Mauro Botta on PwC, PCAOB inspections and the audit file problem
The auditor who blew the whistle on PwC discusses audit independence, internal controls, whistleblower risk, and whether regulators can see beyond the…
Aug 10
•
Claudine Cassar
2
1
Timeline: How the SEC and PCAOB are quietly redrawing US audit oversight
From repeated proposals to fold the PCAOB into the SEC to a new specialist enforcement unit, US audit oversight appears to be moving towards a different…
Aug 6
•
Claudine Cassar
1
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