Auditor signing an audit document

6 July, 2021

Audit reform consultation set to close as dissenting voices emerge

Consultation on the most sweeping proposals in recent years to confront auditors, the audit market and audit committees will close this week. The sector does not yet know what the outcome will be, ...
Businessman looking at audit figures

6 June, 2021

Finance chiefs fear audit reforms will cause increase in costs

Proposed audit reforms will increase operating costs for companies, according to new research. A survey of 250 finance chiefs, audit specialists and risk managers at UK-listed companies reveals 43%...
Internal meeting with colleagues sitting in a circle

17 May, 2021

Organisational culture is the key to rebuilding trust in audit

Calls for urgent reform of the audit sector have been growing in recent years, spurred on by a slew of high-profile audit failures. In the UK, the publication of the government’s
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 ...

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...