Tag: Competition & Markets Authority
FRC unveils new audit committee standards
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.
Evidence builds for introduction of new audit committee standards
Financial Reporting Council says new report “lends weight to proposals for reforms in the audit sector”, including new standards for committees.
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.
M&A activity predicted to increase post-Covid-19 crisis
EY survey finds 56% of global executives will actively pursue M&A in the next 12 months, with 38% focused on resilience as a key feature of target firms.
Mergers under scrutiny as competition regulator toughens stance
Investigations by the UK’s Competition and Markets Authority are at an “unprecedented” level, with a number of big name takeovers subject to review.
Big Four auditors ‘prepared’ if regulators push for split
The Big Four audit firms have prepared contingency plans for being broken up, if regulators insist on making big interventions in the market.