Audit reform special report
In the wake of the financial crisis the pressure is on from many quarters to reform audit in the UK.
LICENSED TO AUDIT
Audit under pressure to reform
The House of Lords inquiry into the audit market is underway and the European Commission is consulting on reform for audit regulatin across the EU.
Auditors not only face proposals to change their responsibilities but law makers in Brussels are looking at ways to change the regulation of audit in a bid to improve accountability but also encourage other firms to enter the market for big audits.