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.
FRC to raise levies as government funding withdrawn
Latest FRC UK Corporate Governance Code update further restricts auditors in bid to minimise conflict of interest
Two PwC whistleblowers and journalist to stand trial over alleged leaking of corporate tax documents
The FRC's new disciplinary regime for public interest entities could see could see more frequent enforcement on more minor matters, write Taylor Wessing's Andrew Howell and Stephen Flaherty