LICENSED TO AUDIT
Audit under pressure to reform
The House of Lords inquiry into the audit market is underway and the European Commission is consulting on reform for audit regulatin across the EU.
Auditors not only face proposals to change their responsibilities but law makers in Brussels are looking at ways to change the regulation of audit in a bid to improve accountability but also encourage other firms to enter the market for big audits.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester