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So, yes, there's a very rigorous methodology, and it's overseen by the Comptroller General and the Auditor General, and the Auditor General has made observations from time to time about whether we are under- or over- provisioning for those.

The CICA contends that factors such as the magnitude of the claims against auditors, the fact that auditors can be called upon to fully compensate a plaintiff when their degree of fault is minor compared to that of other defendants, and the often inadequate insurance or financial resources of other defendants create a significant liability problem for the accounting profession.

With respect to the boards, the Auditor General makes several specific recommendations, including the development of a board skills profile before appointments are made, with selection to be based on that profile.

43. Notes that there is a tension between the necessity of separating the responsibilities of Parliament's administration and those of the political groups on the one hand and the Financial Regulation on the other which does not explicitly provide for any such separation; instructs its Bureau to ensure that Parliament's implementating rules of the Financial Regulation include a provision identifying the specific status of political groups so that their particular responsibilities can be clearly and properly regulated; recalls the remarks by the Court of Auditors that the differing audit procedures employed by the various auditors mean that these external audits have had ...[+++]limited effectiveness in assessing overall control mechanisms on the 3701 budget line; expects the situation to show marked improvement in the future following the decision to limit the choice of external auditors to a short list of internationally recognised audit firms and a common audit framework;