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.
Audit red tape is impacting both ends of the market, according to the latest watchdog stats
EY has appointed Janet Dawson as its global and UK&I government & public sector assurance practice leader
The NAO has made record financial savings for the taxpayer, equivalent to £19 saved for every pound spent, according to its annual report
Given the events of the past week as we enter new territory our SMEs now more than ever need the support of their accountants, writes Bobby Lane