Tag: audit
Auditing global progress on the UN Sustainable Development Goals
Better assessment is needed to deliver the “decade of action” on the UN SDGs ahead of us. Supreme Audit Institutions aim to meet this global challenge.
Covid-19: UK business institutions and advisers set out likely impact
The Bank of England, the Treasury, regulators and professional bodies have been issuing assessments and advice regarding the ongoing coronavirus crisis.
UK government could introduce shared audits for large companies
Recent media reports suggest the government is leaning towards shared audits as part of long-awaited market reforms—despite warnings against the move.
New UK regulator should be freed to focus on audit
There are fears that the Audit, Reporting and Governance Authority (ARGA) will foster a formulaic and legalistic interpretation of the UK Corporate Governance Code.
2019: The year in governance
This year saw the climate crisis accepted as a board-level issue, audit reviews, a UK election and a new focus on human rights and business purpose.
Brydon review: ‘true and fair’ must go while fraud becomes auditor responsibility
Other proposals include audit committee chairs being grilled at AGMs and a new statement of purpose to cement auditors’ public interest role.
Auditors struggling to challenge management, says FRC
Financial Reporting Council report warns that auditors are still failing to reach the “necessary high standard” of audit quality.
Big Four accountancy firms see decline in combined audit income growth
PwC, EY, Deloitte and KPMG saw audit income grow by 1.7% in 2017–18 compared with 5.7% the previous year, amid continuing pressure for market reform.
FRC citizens’ juries reveal public views on corporate governance
Research shows the public wants accessible information to hold companies to account, and underlines the negative impact of recent corporate scandals.
Indian regulators work on new rules to halt auditor exodus
Indian financial watchdog launches consultation on the correct procedure for auditor resignations after a series of high-profile exits.