Non-audit fees, expressed as a percentage of audit fees, decreased from 83%
in 2005 to 69% in 2006, the survey of 62 FTSE companies found.
The trend to award auditors less non-audit work has been familiar to the
profession for some time, but there have been few concrete figures. Companies
including Shell have openly endorsed the move.
KPMG’s Richard Bennison said he was surprised: ‘We find that audit committees
are becoming more confident in using auditors for certain aspects of non-audit
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