Following the government’s interim report on auditing and accounting issues, the ICAEW has proposed that the recommended seven year period for audit partner rotation be cut to five years.
The proposal will be debated at a council meeting of the ICAEW this Wednesday, and will mark a change in policy for the institute – previously it had endorsed the EU’s recommendation that auditors should be switched once every seven years.
The move will be seen as an attempt to address perception issues at a time when auditors’ independence is coming under close scrutiny.
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
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season