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.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process