Magnifying glass on audit documents

14 July, 2020

FRC scrutiny of audit quality reveals “unacceptable” level of issues

There is fresh criticism of auditors this week, as regulators report a third of audits inspected during the past year required a level of improvement that is “unacceptable”. Audit firms have al...
Audit separation

6 July, 2020

FRC issues principles for separation of audit from other services

A landmark in the reform of the UK audit market has been reached with the Big Four firms put on notice that the “operational separation” of audit from other services must take place by the end of ...
BDO

12 June, 2020

BDO client increase sees it overtake KPMG in UK auditor rankings

Change may be under way in the audit market, albeit tentatively. BDO, an audit firm outside the global Big Four, has become the second largest firm by number of listed clients in the UK, overtaking KP...
City of London

10 March, 2020

FRC chief indicates support for a UK version of Sarbanes-Oxley

The UK’s leading corporate governance regulator has raised the prospect of new US-style laws that would force finance directors and chief executives to personally attest to the veracity of their int...
shared audits, joint audits

28 January, 2020

UK government could introduce shared audits for large companies

Is the government heading towards introducing shared audits for the UK biggest companies? That’s the suggestion made in The Sunday Times at the weekend. It’s difficult to tell exactly ...
2020 sign

2 January, 2020

Key trends in corporate governance for 2020

'The government needs to push through key business reforms' Roger Barker, head of corporate governance at the
Audit stamp, audit quality, auditor, Brydon review

19 December, 2019

Brydon review: ‘true and fair’ must go while fraud becomes auditor responsibility

The long-standing “true and fair view" principle at the heart of accounting and auditing in the UK and many other jurisdictions could be changed following the government-commissioned Brydon review o...
audit committee, high-quality audit

3 December, 2019

Audit committees ‘need a makeover’ to help fix audit

The UK government may have placed audit reform on hold while it goes through the torture of a general election, but others continue to debate and call for improvements to audit committees. Not leas...
Tory manifesto, Labour manifesto, Lib Dem manifesto, general election

25 November, 2019

Conservatives focus on executive pay and audit reform

Executive pay will be in the crosshairs of a new Tory government, should Boris Johnson be elected as prime minister, according to
Dollars on financial/audit report

22 November, 2019

US audit committees ‘could do better’ on disclosures

US audit committees have made great strides to improve transparency surrounding their work, though some areas remain stubbornly in the dark, according to a new study. A