19 April, 2021

Auditors on notice to reject ‘expectations gap’ consultation

A row over the role of auditors in detecting fraud at client companies has taken a fresh turn, with shareholders set to play a significant role in the ongoing drama. Shareholder advisory body PIRC ...

7 April, 2021

Audit and assurance policies: innovative ideas for change

While the attention of those interested in the reform of audit and corporate governance has naturally focused on government plans for legislative reform, ICAEW’s audit and assurance faculty has been...

18 March, 2021

Audit white paper proposes new powers for regulator to sanction directors

The working landscape for boards is about to be transformed after the government published a white paper with wide-ranging proposals giving regulators new powers to investigate and sanction directors ...

5 February, 2021

Reforms impose new responsibilities on directors for financial reporting

Reforms set to be published next week will propose fines and bans for directors held responsible for failures in financial reporting. According to the Financial Times, BEIS (the Department...

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...

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...

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...

26 August, 2020

Relationship audit: how to maximise the benefits of your AIM auditors

Republished to mark AIM�...

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

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...