Will HBOS mea culpa from the Financial Reporting Council see it getting tough with auditors?

Does this herald a change of approach, and a willingness on the part of the regulator to take on the really tough cases, especially those involving the big four audit firms, respectively KPMG, EY, PricewaterhouseCoopers and Deloitte. Or is it simply playing to the gallery in the hope of placating its critics ...

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