31 July, 2019
Fines almost triple as regulators get tough with auditors
Auditors are facing a much tougher environment when their work goes wrong. Figures released by the Financial Reporting Counc...
16 July, 2019
Financial watchdog moves to strengthen audit ethics
Given the frequency of trouble facing auditors in recent years, there was bound to be a reaction. While the government continues to wrestle with reforming the audit market and audit regulation, the cu...
28 May, 2019
FRC reveals increased budget as it prepares for transition
The Financial Reporting Council (FRC) is set to increase its workload and budget, monitoring audits as well as compliance with the UK corporate governance code, before its transition to a new regulato...
23 May, 2019
Mazars wins Goldman Sachs audit deal amid debate on market reform
Mazars, the professional services firm, has clinched one of the most significant audit contracts outside the Big Four firms after being appointed auditors of Goldman Sachs in Europe. There is nothi...
25 April, 2019
Audit committees: increased scrutiny is the only certainty
There is a very good chance that life is about to get much tougher for audit committee members. While in the past those serving on the board committees that supervise auditors may have undertaken thei...
15 October, 2018
How do you solve a problem like audit?
Can a problem like audit be solved? Others have tried before—and others are set to try again. There have been multiple, consistent concerns about the audit process, governance and even its ra...
11 October, 2018
Audit reform: which way now?
In 2016 Mervyn King, my South African countryman and colleague who is internationally renowned for his work in the sphere of corporate governance, asked me to write a book with him on th...
25 June, 2018
Audit industry to face fresh “root and branch” review by UK government
The UK government is to undertake a review of the audit industry, asking whether the current model for audit is fit for purpose. However, The Times reports this morning that the government...
19 June, 2018
Watchdog spotlights KPMG for ‘deterioration’ in audit quality
KPMG, the auditor under investigation for its work on the collapsed construction giant Carillion, has been told by the UK's audit watchdog that half its FTSE 350 audits last year required "more than j...
24 January, 2018
