Steps leading to gold star

4 December, 2020

Evidence builds for introduction of new audit committee standards

Audit committees should brace themselves for significant change after a new report prompted the UK audit watchdog to suggest it provides support for the introduction of new audit standards. Accordi...
BDO

14 October, 2020

BDO now biggest auditor in the UK by number of listed clients

The audit market continues to transform. Figures released this week show that BDO is now the biggest auditor in...
PwC audit building, London

4 September, 2020

PwC loses top spot in the FTSE 100 audit rankings to KPMG

For those intrigued by the arcane world of audit a small earthquake has just occured. PwC, for some time the UK’s most significant auditor of FTSE 100 companies, has lost its top position. Resear...
Auditing problems at Wirecard

27 July, 2020

Audit keeps failing—here’s why a fundamental change is needed

A massive shakeup of the UK’s audit industry is on the cards. The Big Four, which audit all of the FTSE 100 and 21 of the FTSE 250, have been told by the accounting regulator
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 ...