PracticeAuditWatchdog denies blocking transparency

Watchdog denies blocking transparency

The audit oversight body denies it drags its heels over greater transparency

The Professional Oversight Board will shortly become subject to the Freedom
of Information Act as part of the Companies Act.

‘We did have some concerns. I wouldn’t say we’ve come to this kicking and
screaming,’ said director Paul George.

Last year George voiced the regulator’s disappointment about the FOI clauses
in the Act.

The reports will be candid.

‘We are very conscious that the increased transparency brings

with it a responsibility and that we need to be appropriate in our comments.
But equally we have a responsibility to draw attention to shortcomings,’ he
said.

Related Articles

The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

5d Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

6d Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2m Alia Shoaib, Reporter