Tim Bush, a director at Hermes Focus Asset Management, made the claim in a
paper co-authored with Stella Fearnley of the University of Portsmouth.
Auditor Liability Reforms in UK and US considered audit liability
regimes in both the US and the UK, as well as LLP status, proportional liability
and liability caps through engagements.
Such changes are set to affect the quality, price, profitability and
organisation of the market for audit services, both domestically and across
Reduced value may appear to be of concern to the investors initially, but,
stakeholders will only pay for what audits are worth to them, reducing the price
of audit services and the esteem they attach to the limited-liability audits, it
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