In a statement due to be published by the EC, the Commission will argue the need to exercise adequate quality control over all the country partnerships of firms, with concerns raised that the degree of local autonomy in the country partnerships among Big Four firms was too strong.
The statement is also expected to hit out at American attempts to regulate European auditors who work for companies with a listing in the US and may also trigger the launch of an investigation into restrictions on firms offering non-audit services to audit clients.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned