Big Four, PwC, Deloitte, EY, KPMG

28 October, 2019

Big Four accountancy firms see decline in combined audit income growth

The growth in audit fees for Big Four firms has fallen back significantly to one of its lowest levels since 2010. Audit fees grew by 1.7% for Big Four firms combined—PwC, EY, Deloitte and KPMG—...
boardroom, board executives

25 October, 2019

New UK stewardship code puts focus on investor engagement

Investor engagement with boards and companies is set to come under much closer scrutiny following the release of a new stewardship code by the UK’s watchdog for corporate reporting and governance. ...
UK parliament, governance reform

16 October, 2019

Sir John Kingman warns government over unfinished FRC reforms

The author of a report recommending extensive reform of the UK’s financial reporting and audit watchdog is unhappy with its progress. Indeed, Sir John Kingman, the chair of Legal & General,
audit, audit ethics

16 July, 2019

Financial watchdog moves to strengthen audit ethics

Given the frequency of trouble facing auditors in recent years, there was bound to be a reaction. While the government continues to wrestle with reforming the audit market and audit regulation, the cu...
UK parliament, governance reform

25 April, 2019

Audit committees: increased scrutiny is the only certainty

There is a very good chance that life is about to get much tougher for audit committee members. While in the past those serving on the board committees that supervise auditors may have undertaken thei...
FRC, audit

12 March, 2019

Government to push ahead with new audit and governance watchdog

The UK is set to get a new audit and financial reporting regulator. The government has announced that the current watchdog, the

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...
Big Four, Deloitte, KPMG, EY, PwC

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...