The ICAEW wants auditors to reveal their private discussions with clients,
The body, which represents accountants across the country, said it wants to
make private conversations public. The proposals will inform a joint Financial
Services Authority and the Financial Reporting Council guidance due this month.
Auditors have been privately canvassing the idea of allowing an investor
representative to fill an “extra seat at the table” during private internal
discussions with audit committees.
The FRC will also investigate the value of audit in a discussion paper to be
released later in the year.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC