Pointing out that the mobile operator last year paid £4m in audit fees against non-audit fees of £18m to the Big Four firm, Pirc research director Stuart Bell said that where consulting-based fees were greater than audit fees ‘the independence of the audit process is potentially threatened’.
Vodafone responded by saying that choosing auditors for consultancy work often proved more cost-effective than appointing a separate practice.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton