The SEC’s reform of corporate governance will finalise plans to strengthen the independence of audits, and place curbs on non-audit work. But a crucial paragraph relating to whether auditors can perform certain tax services has been revised under heavy pressure from the profession.
Much of the services that accountants offer audit clients have been stripped away due to fears of conflict of interest, but tax services should now survive.
The battle for lucrative tax work between top law firms and top accountancy firms has been long-running. Ernst & Young and KPMG earn more than 35% of their total fee income from tax work.
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
Investment in people, tech and businesses impacts on EY's profit per partner figure