The new rules, which are due to be debated today, are expected to place a ban on lucrative work such as tax planning, in a bid to reduce possible conflicts of interest.
Already, Big Four firm PricewaterhouseCoopers has hit out at the proposed new legislation on auditing.
PwC’s global head Sam DiPiazza was quoted in the Financial Times as saying the new rules ‘go a long way past what we think is a good idea for creating high quality audits’.
However, he did stress that his firm would comply with the French government’s requirements.
Believed to be amongst the toughest new auditing rules to be put in place, they will result in a new supervisory body called the ‘Haut Conseil du Commissariat aux Comptes’, which will draw up new rules on auditor independence
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