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...
auditor

22 April, 2020

‘Going concern’ regulation puts firms and auditors under the microscope

"A clean bill of health"—the much sought-after words for billions of people around the world during the coronavirus pandemic. Throughout these unprecedented times, there has been and will continu...
world and magnifying glass, Supreme Audit Institutions

14 April, 2020

Auditing global progress on the UN Sustainable Development Goals

As the Covid-19 pandemic has tragically brought to the fore, most countries face interlinked challenges of entrenched inequalities, uneven access to public goods and insufficient support for those mos...
Covid-19, coronavirus

4 March, 2020

Covid-19: UK business institutions and advisers set out likely impact

The urgency over coronavirus is ramping up. The Bank of England, the Treasury, regulators and professional bodies have all either issued reassurances about their response to Covid-19, or warnings abou...
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 ...
Auditor reading documents

23 January, 2020

New UK regulator should be freed to focus on audit

This will be an important year for the Financial Reporting Council as it continues
Extinction Rebellion, climate change

23 December, 2019

2019: The year in governance

It’s that time we when we look back on 2019 and try to make sense of it all, impose some meaning and shape on the issues as they unfolded throughout the past 12 months. One thing we won’t do, h...
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...
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—...