IFAC Calls For Audit Firms Worldwide to Open Books, Shut Down Conflicts
The report, titled Rebuilding Public Confidence In Financial Reporting, was compiled by a taskforce chaired by John Crow, a former governor of Canada's central bank, and commissioned by the International Federation of Accountants.

It proposes:
-- Accounting firms must dump more high-risk clients.
-- Audit partners should not be rewarded for selling non-audit services.
-- Firms should disclose their finances, including how much they depend on particular clients.
-- A tougher "tone at the top" at accounting firms.

More at IFAC.