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 ...
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...
21 December, 2018
Audit committees braced for new relationship with regulators
It’s been a huge week for audit and governance. Two reports, by the Competition and Markets Authori...
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...
8 October, 2018
Data ethics: defining the governance of artificial intelligence
Noise surrounding the corporate use of data for potentially unethical purposes has increased by dozens of decibels in recent weeks. During the summer, the Competition and Markets Authority (CMA) ho...
9 July, 2018
Competition regulator asks Big Four to look for ways to change audit market
Reports suggest this morning that the Big Four audit firms have been asked to investigate ways of increasing the choice of auditors for companies listed in the UK. There has been pressure on the UK...
12 June, 2018
KPMG fined over audit work at Quindell
The auditor of controversial insurance outsourcer Quindell has been fined more than £3m over its work with the client. KPMG was reprimanded and fined £4.5m (discounted for settlement at £3.15m),...
16 March, 2018
Regulator seeks audit market probe into Big Four domination
One of the UK's senior governance regulators has held meetings with a view to launching an inquiry that would examine whether the Big Four accounting firms should be broken up to create audit-only pro...
14 November, 2017
