Tag: Grant Thornton
Watchdogs to keep tabs on private equity investment in audit sector
Private equity funding of audit firms is an emerging issue to watch, according to the Financial Reporting Council.
News round-up: this week in governance
Auckland calling auditors; why ESG ratings matter; Victoria carpets’ ‘qualified’ audit; ethics and oligarchs; US litigation warning.
News round-up: this week in governance
Tory leadership contest; Grant Thornton fined; Norwegian insider dealing; virtual AGMs; US environmental disclosures; diversity at Amazon.
News round-up: this week in governance
John Flint on stress; Antonio Horta-Osório steps down; FRC issues sanctions over audit work; and Netflix unveils governance changes.
Auditor resignations indicate new attitude to client selection
A series of high-profile auditor resignations suggest that UK audit firms are becoming more cautious about the companies they work for.
Financial watchdog moves to strengthen audit ethics
Changes include a shorter list of permitted extra services and a stronger role for an “ethics partner” inside audit firms.
Why marrying societal impact with financial strategy takes time
While many investors are increasingly focused on environmental, social and governance, many firms fail to embed it into their core strategy. The reason may be that mixing societal impact with financial success can be a slow burn.
Audit woes and reform wrangles
A fierce debate is underway over the future of audit. Could it be resolved with an independent body appointing company auditors?
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.
Grant Thornton’s decision throws a cloud over audit market
Grant Thornton’s decision to stop pitching for big audit contracts raises fresh questions about the UK’s audit market.