Tag: audit
Auditor resignations indicate new attitude to client selection
A series of high-profile auditor resignations suggest that UK audit firms are becoming more cautious about the companies they work for.
Audit and technology: not a panacea, but a catalyst for improvement
New technology offers the possibility of improving the quality of audit and adding value—but the human relationship between organisation and auditor must not be lost.
Fines almost triple as regulators get tough with auditors
PwC and KPMG among the firms sanctioned, as the FRC expands enforcement and steps up the use of “horizon scanning” techniques to spot potential problems.
Government to push ahead with new audit and governance watchdog
The government has launched a consultation on creating a new governance and audit watchdog with more powers, to replace the Financial Reporting Council (FRC).
New guidance pulls non-execs into ‘going concern’ debate
Recent corporate collapses such as BHS and Carillion have put “going concern” statements in the spotlight. New guidance will make non-executive directors—especially those on the audit committee—part of the assessment.
2018: A year in governance
This past year has been packed with governance events from the launch of new codes, executive pay debates, and leadership behaviour debacles to climate change, cybersecurity scandals and the Khashoggi murder.
Audit committees braced for new relationship with regulators
The Competition and Markets Authority has made its recommendations for changing the audit market. The proposals will also make audit committees answer to regulators.
UK to replace governance watchdog with new regulator
The Financial Reporting Council is to come to an end as a government report recommends replacing it with a new body—the Audit, Reporting and Governance Authority.
How do you solve a problem like audit?
Concerns about audit have triggered various investigations into the market’s workings, yet attempts to ‘improve’ audit quality—seem to be failing. So where now for audit reform?
Books every board should have on its shelf this autumn
Summer is well and truly over and it’s time to get back to work. What better way than by expanding your library with some key reading matter?