6 July, 2020
FRC issues principles for separation of audit from other services
A landmark in the reform of the UK audit market has been reached with the Big Four firms put on notice that the “operational separation” of audit from other services must take place by the end of ...
12 June, 2020
BDO client increase sees it overtake KPMG in UK auditor rankings
Change may be under way in the audit market, albeit tentatively. BDO, an audit firm outside the global Big Four, has become the second largest firm by number of listed clients in the UK, overtaking KP...
28 January, 2020
UK government could introduce shared audits for large companies
Is the government heading towards introducing shared audits for the UK biggest companies? That’s the suggestion made in The Sunday Times at the weekend. It’s difficult to tell exactly ...
3 September, 2019
Auditor resignations indicate new attitude to client selection
The audit profession in Britain is at a turning point as Westminster—Brexit permitting—considers new regulation. It seems firms may be responding by clearing the decks: the press has spotted a ...
23 May, 2019
Mazars wins Goldman Sachs audit deal amid debate on market reform
Mazars, the professional services firm, has clinched one of the most significant audit contracts outside the Big Four firms after being appointed auditors of Goldman Sachs in Europe. There is nothi...
18 April, 2019
Audit committees face public reprimand as part of market reforms
Audit committees should face public reprimand by regulators if they fail to provide adequate scrutiny of their auditors, according to recommendations from the UK’s competition authority. The prop...
24 December, 2018
2018: A year in governance
Senior officials at the Financial Reporting Council (FRC) may believe Scrooge has stepped off the pages of A Christmas Carol. In his recent oh-so-close-to-festivities report, Sir John Kingman...
15 October, 2018
How do you solve a problem like audit?
Can a problem like audit be solved? Others have tried before—and others are set to try again. There have been multiple, consistent concerns about the audit process, governance and even its ra...
7 August, 2018
IoD calls for independent commission to take governance from FRC
One of the UK's leading business groups has called for a new commission to supervise corporate governance, separating the task from the existing watchdog, the Financial Reporting Council (FRC). The...
10 July, 2018
