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...
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 ...
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...
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...
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 ...
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
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...
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...
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
22 November, 2019
