FTSE-100 audit chairs question audit market reform
Audit

FTSE-100 audit chairs question audit market reform

13y Rachael Singh

FTSE-100 audit chairs question audit market reform

Chairs of the largest companies in the UK have raised concerns on possible changes to the audit market Read More...

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Audit reform causing work to ‘cascade down’ through the market
Audit

Audit reform causing work to ‘cascade down’ through the market

1y Paul Hanaphy

Audit reform causing work to ‘cascade down’ throug...

Industry leaders say audit changes are already creating opportunities for mid-tier firms Read More...

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BEIS audit reforms could bear “huge” unintended consequences, market warns
Audit

BEIS audit reforms could bear “huge” unintended consequences, market warns

3y Sam Alberti

BEIS audit reforms could bear “huge” unintended co...

Sources say the government must find more balance and focus Read More...

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EU audit reform to open up £10bn market for firms
Accounting Firms

EU audit reform to open up £10bn market for firms

8y Richard Crump , Writer

EU audit reform to open up £10bn market for firms

BDO says £10bn worth of audit and non-audit services could swap hands between accountancy firms in the next ten years Read More...

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Top 50+50 Accountancy Firms 2023: Firms report total fee income growth amid market volatility
50+50

Top 50+50 Accountancy Firms 2023: Firms report total fee income growth amid...

2m Rachael King

Top 50+50 Accountancy Firms 2023: Firms report tot...

Mid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...

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Audit profession must ‘face up’ to common issues causing accounts delays, experts say
Accounting Firms

Audit profession must ‘face up’ to common issues causing accounts delays, e...

7m Dan Cave

Audit profession must ‘face up’ to common issues c...

Superdry’s failure to publish its accounts in a timely fashion is the latest in a string of errors Read More...

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Audit reform omission shows it is ‘not a priority’ for government
Audit

Audit reform omission shows it is ‘not a priority’ for government

8m Greg Noble

Audit reform omission shows it is ‘not a priority’...

Ministers had committed to overhauling the audit and corporate governance systems in response to scandals at companies like retailer BHS in 2016 and P...

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Battle lines drawn over auditors’ role in combating fraud
Audit

Battle lines drawn over auditors’ role in combating fraud

8m Lawrie Holmes

Battle lines drawn over auditors’ role in combatin...

Improvements in the corporate governance code and a new regulator could provide the impetus for auditors to take a bigger role in fraud detection, tho...

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Audit scandals rendering profession ‘unattractive’ to newcomers
Accounting Firms

Audit scandals rendering profession ‘unattractive’ to newcomers

8m Greg Noble

Audit scandals rendering profession ‘unattractive’...

The FRC has overseen a major uptick in audit enforcement activity recently, with the regulator issuing fines of £33.3m in 2022, a 77% increase from th...

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Changes abound – adapting to the new audit landscape
Audit

Changes abound – adapting to the new audit landscape

1y Phil Crooks

Changes abound – adapting to the new audit landsca...

Phil Crooks, managing director at Berkeley Research Group, outlines the key changes to the audit landscape in 2023. Read More...

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Carillion scandal highlights lack of ‘real competitors’ in UK audit
Audit

Carillion scandal highlights lack of ‘real competitors’ in UK audit

1y Sam Alberti

Carillion scandal highlights lack of ‘real competi...

KPMG's settlement of the £1.3bn legal claim highlights longstanding weaknesses in the audit sector, experts say Read More...

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FRC chief to stand down amid “pivotal” time for audit reform
Audit

FRC chief to stand down amid “pivotal” time for audit reform

1y Sam Alberti

FRC chief to stand down amid “pivotal” time for au...

Sir Jon Thompson will begin leading the HS2 project with immediate effect Read More...

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Q&A: Mazars audit partner Andrew Jones
Accounting Firms

Q&A: Mazars audit partner Andrew Jones

1y Greg Noble

Q&A: Mazars audit partner Andrew Jones

Accountancy Age spoke with Mazars’ newly appointed audit partner, Andrew Jones, who outlined his reasoning behind taking the role and what he believes...

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FRC to address ‘failing audit market’ with competitiveness measures
Audit

FRC to address ‘failing audit market’ with competitiveness measures

1y Sam Alberti

FRC to address ‘failing audit market’ with competi...

The Financial Reporting Council (FRC) has unveiled plans to stimulate competition and resilience in the UK audit market, with a view to remedying the ...

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A lawyer’s perspective on audit reform
Audit

A lawyer’s perspective on audit reform

2y Richard Highley and Julian Bubb-Humfryes

A lawyer’s perspective on audit reform

Richard Highley and Julian Bubb-Humfryes of DAC Beachcroft LLP ask whether the criticism levelled at the UK government over its "watered down” plans t...

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Q&A: Mazars on dissecting the UK’s draft audit reform bill
Accounting Firms

Q&A: Mazars on dissecting the UK’s draft audit reform bill

2y Sam Alberti

Q&A: Mazars on dissecting the UK’s draft audit ref...

During a conversation with Accountancy Age, Mazars partner Bob Neate breaks down the draft audit reform bill, warning of a potential capacity issue fo...

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Blunted audit reforms risk “pick ’n’ mix approach” to reporting
Audit

Blunted audit reforms risk “pick ’n’ mix approach” to reporting

2y Sam Alberti

Blunted audit reforms risk “pick ’n’ mix approach”...

The FRC and major audit firms have criticised the UK government’s watered-down proposals Read More...

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Overdue audit and corporate governance reforms on the horizon
Corporate Governance

Overdue audit and corporate governance reforms on the horizon

2y Anca Thomson

Overdue audit and corporate governance reforms on ...

The UK government’s plans for audit and corporate governance reforms have appeared in this month’s Queen’s Speech, to the relief of many, says Anca Th...

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FRC to ARGA transition plan sparks industry frustration as audit reform delay persists
Audit

FRC to ARGA transition plan sparks industry frustration as audit reform del...

2y Sam Alberti

FRC to ARGA transition plan sparks industry frustr...

The Financial Reporting Council’s release of its three-year plan has been welcomed by auditors and accountants, but some argue it highlights the “over...

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Sector Insights: Audit reform delay
Audit

Sector Insights: Audit reform delay

2y Sam Alberti

Sector Insights: Audit reform delay

Industry experts give their views on the state of play when it comes to the UK’s upcoming overhaul of the audit sector Read More...

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Managed shared audit “insufficient”, ICAEW argues
Audit

Managed shared audit “insufficient”, ICAEW argues

2y Sam Alberti

Managed shared audit “insufficient”, ICAEW argues

Stakeholders have expressed little support for the plans Read More...

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Audit reforms will force rapid adoption of new technology
Audit

Audit reforms will force rapid adoption of new technology

3y Aaran Fronda

Audit reforms will force rapid adoption of new tec...

UK proposals on audit must address technology to be a success, says Jack Skov, CFO at the Danish software group, Konsolidator Read More...

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Statutory audit must “make more use” of internal audit expertise
Audit

Statutory audit must “make more use” of internal audit expertise

3y Sam Alberti

Statutory audit must “make more use” of internal a...

While objectivity and independence are critical, greater collaboration could be the key to stronger assurance Read More...

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Audit reform urgently needed to remedy “glacial” progress
Audit

Audit reform urgently needed to remedy “glacial” progress

3y Sam Alberti

Audit reform urgently needed to remedy “glacial” p...

FRC audit quality scores reflect "unacceptable" performances from some firms and reinforce need for government reforms Read More...

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Audit must “dial up focus” to detect fraud more effectively
Audit

Audit must “dial up focus” to detect fraud more effectively

3y Sam Alberti

Audit must “dial up focus” to detect fraud more ef...

While the responsibility of auditors is often misinterpreted, the capabilities of the profession must still improve, according to market participants ...

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UK audit reform: Key takeaways from the government’s extensive proposals
Audit

UK audit reform: Key takeaways from the government’s extensive proposals

3y Paul Winrow

UK audit reform: Key takeaways from the government...

The UK government’s audit reform proposals aim to restore trust and corporate governance, but questions remain on how the proposed changes will be imp...

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Report: Next steps critical for “complex” international tax framework, market warns
Tax

Report: Next steps critical for “complex” international tax framework, mark...

3y Sam Alberti

Report: Next steps critical for “complex” internat...

Implementation, harmonisation and timeline are all major sources of concern across the industry Read More...

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Industry urges government to address “fragile” public sector audit market
Audit

Industry urges government to address “fragile” public sector audit market

3y Sam Alberti

Industry urges government to address “fragile” pub...

Market capacity is cited as the key concern by market participants Read More...

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