Auditor examining accounts

13 May, 2021

How government proposals aim to rebuild faith in UK audit and auditors

After years of waiting, auditors and boards were presented in March with the
SIngle red chair in a white boardroom

27 April, 2021

Change in audit committee chairs ‘sees audit fees rise and quality fall’

With audit and auditors under intense scrutiny in numerous places it was only a matter of time before audit committee chairs saw their share of attention. And so they have. When Svenja Hillebrandt ...
Calculator on top of business report

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 ...
Calculator on top of business report

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...
City of London skyline

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 ...
KPMG

15 February, 2021

KPMG appoints Bina Mehta as temporary chair

KPMG has appointed Bina Mehta to act as temporary chair after Bill Michael stepped down last week. ...
Empty boardroom table and chairs

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...
Directors around a table featuring foreign language phrases

5 January, 2021

Foreign audit committee members linked to low-quality financial reporting

Much is made of recruiting board members from around the world. Non-executives from distant shores can add value and certainty provide knowledge of foreign markets. But do foreign directors add value ...
2020 in review stamp

23 December, 2020

Top stories of 2020: climate, coronavirus and stakeholder capitalism

This year has been one of the most disruptive, enraging, fear-inducing and thought-provoking years on record. The UK entered 2020 with a new government focused on implementing Brexit, yet by the sprin...
Steps leading to gold star

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...