In the wake of crackdown by US regulator the Securities and Exchange Commission into auditor independence, the institute’s Joint Monitoring Unit announced in February it would review the domestic regime.
Under Hay Davison, the Auditor Independence Working Party will now review revisions to the institute’s guidelines on auditor independence proposed by the Chartered Accountants Joint Ethics Committee.
It will also consider whether, in the light of the SEC’s inquiry, further changes are necessary to ‘strengthen that independence’.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel