Tag: audit
Governance week: Rio Tinto, ESG, climate risk, Aussie audit
Investors lead backlash against Rio Tinto over destruction of Aboriginal sites. Plus a warning from ecoDa on sustainability, and analysis of Australia’s audit market.
PwC loses top spot in the FTSE 100 audit rankings to KPMG
PwC no longer audits the most clients among the UK’s 100 biggest listed companies, plunging from first to fourth position.
Corporate disclosures and investor relations ‘impaired by Covid-19’
A recent event hosted by Mazars brought together audit committee chairs and investors to explore their experience of coping with the impact of Covid-19.
Relationship audit: how to maximise the benefits of your AIM auditors
Twenty-five years after the AIM was launched, building a constructive relationship with your auditors remains a vital component for success.
Audit keeps failing—here’s why a fundamental change is needed
The frequency with which companies fail—seemingly without any warning signs—has grown in recent years, with Wirecard the latest example. Auditing needs reform.
Covid-19: FRC urges companies to provide ‘more extensive disclosures’
The UK regulator says investors expect detailed reporting on the financial impact of Covid-19, while experts point to the risk of firms “burying bad news”.
FRC scrutiny of audit quality reveals “unacceptable” level of issues
The Financial Reporting Council looked at 88 audits conducted by a number of firms and found that 33% needed “more than limited improvements”.
FRC issues principles for separation of audit from other services
The UK financial watchdog has announced that the operational separation of audit must take place by the end of June 2024.
BDO client increase sees it overtake KPMG in UK auditor rankings
Signs of change at the top as BDO is ranked second only to PwC by number of listed clients—although FTSE 100 audits remain the preserve of the Big Four.
‘Going concern’ regulation puts firms and auditors under the microscope
New standard ISA UK 570 requires auditors to challenge management’s assessment of going concern more robustly—and firms to be as transparent as possible amid current uncertainty.