The regulator will publish a list of questions and answers for companies to help them clarify what kind of relationship they are allowed to undertake with their auditor.
Although the guidance does not change the rules that were passed last year as part of Sarbanes-Oxley it is likely to harden corporate attitudes against what they can and can’t do in offering other work to their auditors.
Audit committees will be advised to guard closely against any appearance of a conflict of interest and to take extra care when dealing with requirements governing internal controls, according to the FT.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars