PracticeAuditAudit Quality Forum gets its own website

Audit Quality Forum gets its own website

The ICAEW has launched a new website to inform accountants and investors of the work being done to improve the quality of audit work carried out by the profession.

Link: Volunteering: make a difference

The Audit Quality Forum site went online this morning (Monday) and although details are currently sparse the institute has said that it will be used to inform stakeholder groups of the progress being made in the five areas identified and any future projects that may be undertaken.

The forum is tasked with looking at the following areas:

  • empowering shareholders to put questions to auditors of listed companies;
  • providing greater transparency around the contractual terms of the audit engagement;
  • identifying the individual partners signing audit reports;
  • exploring how letters of resignation by auditors can be made as transparent as possible; and

Considering the practical issues around the perceived lack of competition within the large listed company audit market and possible ways of enhancing choice.

‘One of the forum’s priorities should be to address a considerable mismatch in expectations about the role of auditors as perceived by the auditing and accountancy profession and the public,’ said Derek Scott, chairman of the National Association of Pension Funds’ shareholders affairs committee.

The Audit Quality Forum website can be accessed at: www.icaew.co.uk/auditquality

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

14h Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

4d Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

7d Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

1m Emma Smith, Managing Editor
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

1m Alia Shoaib, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
KPMG rocked by South African corruption scandal

Audit KPMG rocked by South African corruption scandal

3w Alia Shoaib, Reporter
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor