EY break-up plan could see firm lead industry shake-up

Accounting Firms EY break-up plan could see firm lead industry shake-up

2y Rob Griffin

EY break-up plan could see firm lead industry shak...

Industry observers believe splitting audit and consulting operations could reduce risk of reputational damage Read More...

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Reflections on the continuing absence of audit reform

Audit Reflections on the continuing absence of audit reform

2y Stephen Baker

Reflections on the continuing absence of audit ref...

The government has promised a new dawn for audit reform. Stephen Baker, senior partner at Baker & Partners, asks whether it will it be another false d...

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A lawyer’s perspective on audit reform

Audit A lawyer’s perspective on audit reform

2y Richard Highley and Julian Bubb-Humfryes

A lawyer’s perspective on audit reform

Richard Highley and Julian Bubb-Humfryes of DAC Beachcroft LLP ask whether the criticism levelled at the UK government over its "watered down” plans t...

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Q&A: Mazars on dissecting the UK’s draft audit reform bill

Accounting Firms Q&A: Mazars on dissecting the UK’s draft audit reform bill

2y Sam Alberti

Q&A: Mazars on dissecting the UK’s draft audit ref...

During a conversation with Accountancy Age, Mazars partner Bob Neate breaks down the draft audit reform bill, warning of a potential capacity issue fo...

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Blunted audit reforms risk “pick ’n’ mix approach” to reporting

Audit Blunted audit reforms risk “pick ’n’ mix approach” to reporting

2y Sam Alberti

Blunted audit reforms risk “pick ’n’ mix approach”...

The FRC and major audit firms have criticised the UK government’s watered-down proposals Read More...

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KPMG hit with £4.5m fine over Rolls-Royce bribery scandal

Audit KPMG hit with £4.5m fine over Rolls-Royce bribery scandal

2y Sam Alberti

KPMG hit with £4.5m fine over Rolls-Royce bribery ...

The big four auditor is being penalised for “conspiracy to corrupt and a failure to prevent bribery” Read More...

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FRC publishes proposal to reclaim powers to ban auditors

Audit FRC publishes proposal to reclaim powers to ban auditors

2y Sam Alberti

FRC publishes proposal to reclaim powers to ban au...

But according to one expert, the industry response could render the move "redundant" Read More...

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FRC to ARGA transition plan sparks industry frustration as audit reform delay persists

Audit FRC to ARGA transition plan sparks industry frustration as audit reform delay persists

2y Sam Alberti

FRC to ARGA transition plan sparks industry frustr...

The Financial Reporting Council’s release of its three-year plan has been welcomed by auditors and accountants, but some argue it highlights the “over...

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One year anniversary of BEIS audit reform whitepaper sparks industry frustration

Audit One year anniversary of BEIS audit reform whitepaper sparks industry frustration

2y Sam Alberti

One year anniversary of BEIS audit reform whitepap...

The need for reform is "now more urgent than ever" Read More...

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Sector Insights: Audit reform delay

Audit Sector Insights: Audit reform delay

2y Sam Alberti

Sector Insights: Audit reform delay

Industry experts give their views on the state of play when it comes to the UK’s upcoming overhaul of the audit sector Read More...

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Regulator hits KPMG with £3m fine for “serious” audit misconduct

Accounting Firms Regulator hits KPMG with £3m fine for “serious” audit misconduct

2y Sam Alberti

Regulator hits KPMG with £3m fine for “serious” au...

The sanctions relate to the firm’s audit of Conviviality PLC between 2017 and 2018 Read More...

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Managed shared audit “insufficient”, ICAEW argues

Audit Managed shared audit “insufficient”, ICAEW argues

2y Sam Alberti

Managed shared audit “insufficient”, ICAEW argues

Stakeholders have expressed little support for the plans Read More...

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FRC CEO: cost makes UK SOX “key political decision”

Audit FRC CEO: cost makes UK SOX “key political decision”

2y Sam Alberti

FRC CEO: cost makes UK SOX “key political decision...

Ministers are currently assessing a series of proposals to strengthen UK audit Read More...

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Audit reforms will force rapid adoption of new technology

Audit Audit reforms will force rapid adoption of new technology

3y Aaran Fronda

Audit reforms will force rapid adoption of new tec...

UK proposals on audit must address technology to be a success, says Jack Skov, CFO at the Danish software group, Konsolidator Read More...

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Statutory audit must “make more use” of internal audit expertise

Audit Statutory audit must “make more use” of internal audit expertise

3y Sam Alberti

Statutory audit must “make more use” of internal a...

While objectivity and independence are critical, greater collaboration could be the key to stronger assurance Read More...

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Audit reform urgently needed to remedy “glacial” progress

Audit Audit reform urgently needed to remedy “glacial” progress

3y Sam Alberti

Audit reform urgently needed to remedy “glacial” p...

FRC audit quality scores reflect "unacceptable" performances from some firms and reinforce need for government reforms Read More...

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Audit must “dial up focus” to detect fraud more effectively

Audit Audit must “dial up focus” to detect fraud more effectively

3y Sam Alberti

Audit must “dial up focus” to detect fraud more ef...

While the responsibility of auditors is often misinterpreted, the capabilities of the profession must still improve, according to market participants ...

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UK audit reform: Key takeaways from the government’s extensive proposals

Audit UK audit reform: Key takeaways from the government’s extensive proposals

3y Paul Winrow

UK audit reform: Key takeaways from the government...

The UK government’s audit reform proposals aim to restore trust and corporate governance, but questions remain on how the proposed changes will be imp...

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Audit tech update: Engine B and Forecast

Audit Audit tech update: Engine B and Forecast

3y Tom Lemmon

Audit tech update: Engine B and Forecast

Accountancy Age’s monthly round-up of audit tech news, including new partnerships, product launches and people moves Read More...

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Industry urges government to address “fragile” public sector audit market

Audit Industry urges government to address “fragile” public sector audit market

3y Sam Alberti

Industry urges government to address “fragile” pub...

Market capacity is cited as the key concern by market participants Read More...

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The future of audit: Industry-wide commitment to innovation required to save profession’s reputation

Audit The future of audit: Industry-wide commitment to innovation required to save profession’s reputation

3y Becky Shields

The future of audit: Industry-wide commitment to i...

Auditors must harness innovation and develop analytics skills to save the profession’s reputation, says Becky Shields, head of digital transformation ...

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BEIS reforms can demonstrate "true value of audit”

Audit BEIS reforms can demonstrate "true value of audit”

3y Sam Alberti

BEIS reforms can demonstrate "true value of audit”

Recent data shows the level of scepticism of audit among business owners Read More...

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ICAEW and ACCA slam BEIS plans for new professional body for corporate auditors

Audit ICAEW and ACCA slam BEIS plans for new professional body for corporate auditors

3y Sam Alberti

ICAEW and ACCA slam BEIS plans for new professiona...

"We do not see it as being necessary or desirable" Read More...

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BEIS audit reforms could bear “huge” unintended consequences, market warns

Audit BEIS audit reforms could bear “huge” unintended consequences, market warns

3y Sam Alberti

BEIS audit reforms could bear “huge” unintended co...

Sources say the government must find more balance and focus Read More...

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Audit tech update: Moore Cayman and Engine B

Audit Audit tech update: Moore Cayman and Engine B

3y Tom Lemmon

Audit tech update: Moore Cayman and Engine B

Accountancy Age’s monthly round-up of audit tech news, including new partnerships, product launches and people moves Read More...

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Head of FRC says managed shared audit might not be possible

Audit Head of FRC says managed shared audit might not be possible

3y Tom Lemmon

Head of FRC says managed shared audit might not be...

Proposals on auditing the UK’s largest firms lack sufficient stakeholder support, says Financial Reporting Council CEO Sir Jon Thompson Read More...

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FTSE firms call for audit reform delay

Audit FTSE firms call for audit reform delay

3y Tom Lemmon

FTSE firms call for audit reform delay

Survey reveals over two-thirds want to delay implementing reform by two years Read More...

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