'Big four' accounting firms should face banking royal commission to prove independence: former ASIC investigator Glen Unicomb

Former ASIC Glen Unicomb has called for the major accounting firms hired to audit and approve sensitive company reports to be brought before the financial services royal commission to prove their independence. 

Listen to my interview with Glen Unicomb

Read the piece on ABC News Online

Mr Unicomb believes the "big four" accounting firms — PwC, Deloitte, EY and KPMG — risk being exposed to pressure to approve reports to protect lucrative advisory relationships. 

Mr Unicomb tells ABC's Peter Ryan that ASIC has preferred to do deals such as enforceable undertakings rather than pursue civil or criminal prosecutions.