Three-quarters of audits for PLCs that subsequently went under did not raise the alarm, Sheffield University research reveals.

Implementing managed shared audit would put a burden on audit committees, a recent panel discussion concluded.

In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.

PwC no longer audits the most clients among the UK’s 100 biggest listed companies, plunging from first to fourth position.

Twenty-five years after the AIM was launched, building a constructive relationship with your auditors remains a vital component for success.

One of the Kingman review’s key recommendations for reforming audit was a version of US Sarbox rules, a proposal supported by many audit committee chairs.

Indian financial watchdog launches consultation on the correct procedure for auditor resignations after a series of high-profile exits.

PwC and KPMG among the firms sanctioned, as the FRC expands enforcement and steps up the use of “horizon scanning” techniques to spot potential problems.

A number of recent reviews have concluded that greater scrutiny of the audit process is necessary, after a series of high-profile corporate failures. But what shape will any legislation take? And how will changes to the role of the audit committee affect the board as a whole?

Business secretary Greg Clark has launched an independent review of the role of accounting watchdog Financial Reporting Council, over concerns that it “lacks teeth”.