Tag: auditors
Audits fail to flag up bankruptcy risk
Three-quarters of audits for PLCs that subsequently went under did not raise the alarm, Sheffield University research reveals.
New audit committee standards finalised
Role of challenger audit firms and the opinion of investors underlined by new minimum standards.
Audit committee chairs ‘are confusing quality of audit and quality of service’
FRC report also warns that audit committee chairs have a “negative perception of joint audits”, despite this being a key reform proposal.
‘Cultural proximity’ can aid audits, but may threaten innovation
Study reveals positive impact of cultural proximity of audit partner–CFO pairs on outcomes, but academics warn over risk of “group think”.
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.
Institutions oppose Sports Direct chairman’s reappointment
A number of major institutional shareholders, consultancies and lobbyists are against the reappointment of Sports Direct chairman Keith Hellawell, who is prepared to stand down on their say-so at the impending crunch vote.
PwC hit by another £5m fine after admitting failures in RSM Tenon audit
PwC hit by a £5.1m fine over its audit work at collapsed accountants RSM Tenon, just four months after a similar fine over Connaught.
Audit improves but professional scepticism remains a concern
The Financial Reporting Council concludes that audit is improving but is concerned about consistency and reveals the issue still causing greatest concern is professional scepticism.
Longevity of US auditors criticised
Sweden’s national pension fund takes a swipe at long-standing audit relationships in the US.
Aberdeen announces audit action
One of the UK’s biggest fund managers has revealed it will challenge companies that have maintained the same auditors for decades.