Peter Wyman, president of the ICAEW, will outline the proposals in a speech tonight at Balliol College, Oxford. He will suggest that the audit committee should play a much great part in the appointment of auditors, their remuneration, and the provision of non-audit services.
He will also suggest that the council should periodically review whether incumbent firms should be re-appointed or replaced.
‘We believe that greater transparency about the workings of the Audit Committee will give greater confidence to shareholder and other users of accounts,’ Wyman will say.
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