ESG demand will force structure shift among audit firms, experts say

Audit ESG demand will force structure shift among audit firms, experts say

2w Sam Alberti

ESG demand will force structure shift among audit ...

A new ‘coexistence’ of financial audit and ESG advisory teams could emerge due to the nature of sustainability assurance services Read More...

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Audit under fire: Is the worst yet to come?

Audit Audit under fire: Is the worst yet to come?

2m Phil Crooks

Audit under fire: Is the worst yet to come?

Auditors have been feeling the heat recently after a series of high-profile failures, but what lies ahead and are they solely to blame? Read More...

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Audit Quality Review: “Long-term improvement” still required, FRC says

Accounting Firms Audit Quality Review: “Long-term improvement” still required, FRC says

2m Rebecca Whittaker

Audit Quality Review: “Long-term improvement” stil...

The FRC regulator’s audit quality scores show a slight improvement despite “unacceptable” reviews from Mazars and BDO Read More...

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Audit firms asked to address exam cheating following Big Four scandals

Accounting Firms Audit firms asked to address exam cheating following Big Four scandals

2m Rebecca Whittaker

Audit firms asked to address exam cheating followi...

The FRC intervention to prevent cheating in the UK follows huge fines issued to firms in the US, Australia, and Canada Read More...

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Grant Thornton handed £2m fine by FRC over “fundamental” failings in Sports Direct audit

Accounting Firms Grant Thornton handed £2m fine by FRC over “fundamental” failings in Sports Direct audit

3m Sam Alberti

Grant Thornton handed £2m fine by FRC over “fundam...

The judgement concludes more than five years of probes into the audit firm’s accounts Read More...

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Accounting watchdog fines Laura Ashley auditor over “serious” breaches

Administration Accounting watchdog fines Laura Ashley auditor over “serious” breaches

3m Rebecca Whittaker

Accounting watchdog fines Laura Ashley auditor ove...

UHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...

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

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

3m 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 reforms

Audit Reflections on the continuing absence of audit reforms

3m 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

3m 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

4m 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

4m 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

4m 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

6m 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

6m 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

7m 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

7m 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

8m 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

11m 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”

12m 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

1y 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

1y 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

1y 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

1y 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

1y 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

1y 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

1y 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

1y 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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