Is it? The incentives are not going to be aligned so far as the auditing companies are hired by the company being audited. It doesn't matter how many auditing company there is and the division of labor within.
Think of lobbyists, there are many different flavor of lobbyists, some might even be against the others. They distribute events, campaign finances and other things to legislators and as we know recently even certain members of judiciary. A bad idea in general in terms of the incentives at play.
Is it? The incentives are not going to be aligned so far as the auditing companies are hired by the company being audited. It doesn't matter how many auditing company there is and the division of labor within.
Think of lobbyists, there are many different flavor of lobbyists, some might even be against the others. They distribute events, campaign finances and other things to legislators and as we know recently even certain members of judiciary. A bad idea in general in terms of the incentives at play.