When large firms go bust, ‘the British public pays the price’ in bailouts, job losses and disruption, warns professor.

The Institute of Directors foresees a move forward by the government, but whether this will follow previous proposals is unclear.

There has been an increase—albeit small—in challenger audit firms’ share of the takings, according to FRC figures.

Building giant ISG goes into administration, highlighting the lack of progress on audit reform since Carillion’s collapse in 2018.

Today’s King’s Speech included a declaration that the UK would get a draft audit reform and corporate governance bill.

Accountancy body ACCA seeks ‘timetables for addressing key issues such as economic, fiscal and corporate governance reforms’.

Sir Keir Starmer has committed the Labour administration to ‘service’: by rights, that should include improving business ethics.

FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.

Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.

Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.