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
US audit

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
Auditor reading documents

8 November, 2019

Auditors struggling to challenge management, says FRC

One of the frequent complaints made of auditors is that they get too cosy with their clients. A report from the UK’s audit watchdog has concluded that they are, at the very least, shy of challenging...
Thomas Cook plane

5 November, 2019

Thomas Cook review urges action on audit reform and bonus clawbacks

The UK government has come under fresh criticism for failing to make progress on reforming audit and auditors, while it also faces demands to make it easier to enforce bonus clawbacks from directors i...
Big Four, PwC, Deloitte, EY, KPMG

28 October, 2019

Big Four accountancy firms see decline in combined audit income growth

The growth in audit fees for Big Four firms has fallen back significantly to one of its lowest levels since 2010. Audit fees grew by 1.7% for Big Four firms combined—PwC, EY, Deloitte and KPMG—...