Audit Q&A: You cannot serve two masters

Accounting Standards Audit Q&A: You cannot serve two masters

4y Shannon Moyer

Audit Q&A: You cannot serve two masters

We sat down with Remko Renes, an assistant professor of corporate governance at Nyenrode Business University, to discuss the future of audit in the UK...

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EY’s Wirecard audit exposes potential fraud

Audit EY’s Wirecard audit exposes potential fraud

4y Shannon Moyer

EY’s Wirecard audit exposes potential fraud

After a series of audits by EY and a special audit by KPMG, nearly €1.9bn remains unaccounted for Read More...

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Over a third of public bodies expect formal disputes with the private sector when PFI contracts end

Audit Over a third of public bodies expect formal disputes with the private sector when PFI contracts end

4y Simon Reason

Over a third of public bodies expect formal disput...

By Simon Reason, director of the treasury, National Audit Office Read More...

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Wirecard audit procedures yet to be completed

Audit Wirecard audit procedures yet to be completed

4y Shannon Moyer

Wirecard audit procedures yet to be completed

EY audit of the financial services provider has been repeatedly deferred Read More...

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KPMG, PwC's Eddie Stobart audits under FRC investigation

Audit KPMG, PwC's Eddie Stobart audits under FRC investigation

4y Shannon Moyer

KPMG, PwC's Eddie Stobart audits under FRC investi...

Audits for Eddie Stobart’s 2017 and 2018 accounts found errors dating back several years Read More...

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FRC fines KPMG £700,000 for poor audit

Audit FRC fines KPMG £700,000 for poor audit

4y Tom Lemmon

FRC fines KPMG £700,000 for poor audit

The FRC has fined KPMG UK £700,000 and reprimanded KPMG UK’s former senior partner for Manchester, Nicola Quayle for a “failure to apply sufficient pr...

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Covid-19: Auditors need clarity before acting

Audit Covid-19: Auditors need clarity before acting

4y Tom Lemmon

Covid-19: Auditors need clarity before acting

Auditors call for clarity and calmness to help assist clients, while technology is making remote working easier Read More...

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Winwood: Analytics crucial to future of audit

Audit Winwood: Analytics crucial to future of audit

4y Chris Jewers

Winwood: Analytics crucial to future of audit

Paul Winwood, head of audit at BHP says the ability to drill into numbers in an intelligent manner will shape the future of the industry Read More...

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Humphrey: Audit needs a dynamic repair

Audit Humphrey: Audit needs a dynamic repair

4y Tom Lemmon

Humphrey: Audit needs a dynamic repair

Manchester University’s Professor of accounting, Christopher Humphrey talks to Accountancy Age about the future of audit Read More...

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Exclusive: Interview with Sir Donald Brydon – “That can’t happen again” - Part 2

Audit Exclusive: Interview with Sir Donald Brydon – “That can’t happen again” - Part 2

4y Chris Jewers

Exclusive: Interview with Sir Donald Brydon – “Tha...

In the second part of Accountancy Age’s exclusive interview with Sir Donald Brydon, we hear how the same concerns with audit expressed in 1992 have no...

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Exclusive: Interview with Sir Donald Brydon – "Last chance saloon" for audit

Accounting Firms Exclusive: Interview with Sir Donald Brydon – "Last chance saloon" for audit

4y Chris Jewers

Exclusive: Interview with Sir Donald Brydon – "Las...

Speaking exclusively to Accountancy Age in the first of a two-part series, Sir Donald Brydon - author of the report into the effectiveness and quality...

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Audit industry stalemate shows signs of shifting

Audit Audit industry stalemate shows signs of shifting

4y Chris Jewers

Audit industry stalemate shows signs of shifting

Signs that the UK’s audit industry would reform had slowed in the New Year, but with Brexit almost over the line and an impending cabinet reshuffle, w...

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Deloitte pursues KPMG over audit of Goals Soccer Centres

Audit Deloitte pursues KPMG over audit of Goals Soccer Centres

4y Chris Jewers

Deloitte pursues KPMG over audit of Goals Soccer C...

Investigations into accounting fraud at Goals has involved HMRC, the FCA, BDO, RSM, Deloitte and could see KPMG on the wrong end of legal action, acco...

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Managing risk, preserving reputation

Audit Managing risk, preserving reputation

4y Steve Harper

Managing risk, preserving reputation

Auditors can provide invaluable support for charities’ managers and trustees who are under increased scrutiny in very tough times, says Steve Harper, ...

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Brydon and the audit gap: Expectations, definitions and fraud

Accounting Standards Brydon and the audit gap: Expectations, definitions and fraud

4y Chris Jewers

Brydon and the audit gap: Expectations, definition...

Sir Donald Brydon’s report into the quality and effectiveness of audit was published at the end of 2019, and in it, Brydon tackles the issues of the a...

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Accounting fraud in the UK: How recent scandals are impacting practices

Audit Accounting fraud in the UK: How recent scandals are impacting practices

4y Victoria Pavlova

Accounting fraud in the UK: How recent scandals ar...

UK accounting industry under scrutiny after recent fraud scandals at Patisserie Valerie and Carillion Read More...

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‘Status, scope and skills of internal audit’ must be increased says Chartered IIA

Audit ‘Status, scope and skills of internal audit’ must be increased says Chartered IIA

4y Paul Hanaphy

‘Status, scope and skills of internal audit’ must ...

Major accountancy bodies support new code after string of audit-related business collapses in recent years. Read More...

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What is ARGA? Brydon makes recommendations for stronger audit regulator

Accounting Firms What is ARGA? Brydon makes recommendations for stronger audit regulator

4y Chris Jewers

What is ARGA? Brydon makes recommendations for str...

One day after the release of the Brydon report on 18 December, The Queen’s Speech referenced the government’s proposal to create a stronger regulator ...

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Brydon Report: Industry reacts to findings and audit recommendations

Accounting Firms Brydon Report: Industry reacts to findings and audit recommendations

4y Chris Jewers

Brydon Report: Industry reacts to findings and aud...

Following the release of the Brydon report, in which Sir Donald Brydon has made 64 recommendations on how to improve the troubled UK audit industry, A...

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Brydon review calls for ‘urgent reform’

Accounting Standards Brydon review calls for ‘urgent reform’

4y Chris Jewers

Brydon review calls for ‘urgent reform’

The long wait for the Brydon report is over, and in it Sir Donald Brydon makes a series of recommendations including the break-up of the auditing indu...

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FRC revises standards in bid to strengthen audit confidence

Accounting Standards FRC revises standards in bid to strengthen audit confidence

4y Chris Jewers

FRC revises standards in bid to strengthen audit c...

The FRC has issued revised ethical and auditing standards in an effort to strengthen auditor independence and ban conflicts of interest. Read More...

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KPMG announces drop in profits, but shows signs of positive audit investments

Audit KPMG announces drop in profits, but shows signs of positive audit investments

4y Chris Jewers

KPMG announces drop in profits, but shows signs of...

The Big Four firm has announced a drop in profits amid rumours that as many as 65 partners could quite the firm. Read More...

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Election & audit reform – party stances

Audit Election & audit reform – party stances

4y Chris Jewers

Election & audit reform – party stances

A decision on audit reform is currently being held up by the UK’s general election. Could the future of audit reform be very different depending on th...

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Video: Trust in audit and technology – an Accountancy Age panel debate

Accounting Firms Video: Trust in audit and technology – an Accountancy Age panel debate

4y Leanna Reeves

Video: Trust in audit and technology – an Accounta...

Accountancy Age’s first filmed panel debate offers a discussion around the issue of trust in audit – a profession which encounters both a growing use ...

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What is the cost to do an audit? And how much time does it take to complete an audit?

Audit What is the cost to do an audit? And how much time does it take to complete an audit?

4y Jay Ashar

What is the cost to do an audit? And how much time...

We attempt to find out how much an audit costs, how long it takes and steps in completing an annual audit by understanding the UK audit market. Read M...

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Can technology solve the audit crisis? Key takeaways from our latest podcast

Audit Can technology solve the audit crisis? Key takeaways from our latest podcast

4y Tom Lemmon

Can technology solve the audit crisis? Key takeawa...

Read the key points from our latest thought-provoking podcast with Deloitte’s Katie Canell and Simon Cleveland. Read More...

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“Serious questions” over government’s commitment to audit reform

Audit “Serious questions” over government’s commitment to audit reform

4y Tom Lemmon

“Serious questions” over government’s commitment t...

Chief Executive of the CIIA, Dr Ian Peters MBE, has urged the government to pass the necessary legislation on audit reform, but hope of action is fadi...

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