The PCAOB is expected to propose a total clampdown on firms providing tax services to their audit clients,The Financial Times has reported.
As part of a worldwide crackdown on tax avoidance, the PCAOB is also trying to ban firms selling certain avoidance packages to audit clients, which the regulator considers to be abusive.
The Big Four firms are understood to be lobbying the PCAOB heavily to limit any reforms given that tax, after audit, is their most lucrative service line.
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
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day