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—...
people, crowd, workers, employees

3 October, 2019

FRC citizens’ juries reveal public views on corporate governance

Commentators often make great claims for what the public thinks about complex issues like audit, corporate reporting and governance. But rarely are the public’s thought processes put to the test—u...

5 September, 2019

Indian regulators work on new rules to halt auditor exodus

Those wrestling with the thorny issue of a rising...
auditor

3 September, 2019

Auditor resignations indicate new attitude to client selection

The audit profession in Britain is at a turning point as Westminster—Brexit permitting—considers new regulation. It seems firms may be responding by clearing the decks: the press has spotted a ...
AI, technology, data

12 August, 2019

Audit and technology: not a panacea, but a catalyst for improvement

There is a lot of hype about technology, artificial intelligence (AI) and machine learning (ML)—and the audit and accountancy professions are not immune from this. So it’s important for auditors t...
auditor

31 July, 2019

Fines almost triple as regulators get tough with auditors

Auditors are facing a much tougher environment when their work goes wrong. Figures released by the Financial Reporting Counc...
FRC, audit

12 March, 2019

Government to push ahead with new audit and governance watchdog

The UK is set to get a new audit and financial reporting regulator. The government has announced that the current watchdog, the
financial reporting, audit, accounts, accounting, stakeholder engagement

5 March, 2019

New guidance pulls non-execs into ‘going concern’ debate

At the current rate, financial reporting watchdogs modify the rules about the much-discussed “going concern” statement every five to seven years. This week the

24 December, 2018

2018: A year in governance

Senior officials at the Financial Reporting Council (FRC) may believe Scrooge has stepped off the pages of A Christmas Carol. In his recent oh-so-close-to-festivities report, Sir John Kingman...