The regulator is to announce moves this week to invite debate on the
ownership of accountancy firms in an effort to increase choice in the audit
market, to prevent a crisis if one of the large firms should fail.
The announcement will come with a progress report by the Financial Reporting
Council on its project to improve competitiveness.
The FRC is also expected to announce plans to get prove equity funds and
large unquoted companies to help foot the regulator’s £12m annual budget, with
an extension of levies to quoted AIM and Plus market companies.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester