In its interim report, the joint Department of Trade and Treasury group says ‘there should be more pro-active and wide-ranging enforcement of accounting standards in financial statements made by companies’.
It says the government should order a review of enforcement arrangements in the UK and believes it should take into account international developments.
The Financial Reporting Review Panel is also urged to ‘finalise’ arrangements for new pro-active elements to its work enforcing standards.
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