According to a statement released today, the FRC is also urging greater
disclosure on information relating to the process whereby an external auditor is
Furthermore, The Guidance on Audit Committees report also outlines items to
consider in the event a group engages firms from multiple networks to work on an
Paul Boyle, chief executive of the FRC, said given the standing of such
committees, the guidance is made all the more pertinent.
‘We hope that the revised guidance will encourage more engagement between
companies and their shareholders on the selection of the external auditor and
the roles and responsibilities of the audit committee more generally,’ he said.
The release of the guidance comes in light of recommendations made in the
Market Participants Group’s report, published in October last year.
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