Mandatory rotation of auditors every seven years would help address the perception that clients were too close to auditors, the Financial Times reported today.
John Wosner, chairman of PKF, rejected arguments from the remaining Big Four firms that audit quality would suffer as a result.
Laurence Longe, national managing partner at Baker Tilly, said that restricting audit rotation to the FTSE 100 might help mid-tier firms win more business there, and address concerns over lack of choice and competition.
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