Mid-tier handed "permission to play" in FTSE 350 audit market
Audit

Mid-tier handed "permission to play" in FTSE 350 audit market

11y Richard Crump , Writer

Mid-tier handed "permission to play" in FTSE 350 a...

While not perfect, Competition Commission audit reforms means it is in the mid-tier's hands to pick up work Read More...

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FRC audit rules should have been given time to take root
Audit

FRC audit rules should have been given time to take root

11y Richard Crump , Writer

FRC audit rules should have been given time to tak...

Mandatory five year audit tendering will do little to improve competition for FTSE 350 work Read More...

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Competition questions over mandatory audit tendering
Audit

Competition questions over mandatory audit tendering

11y Richard Crump , Writer

Competition questions over mandatory audit tenderi...

Profession raises question over merits of Competition Commission mandatory tendering rules Read More...

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Competition Commission outlines five-year audit tenders
Audit

Competition Commission outlines five-year audit tenders

11y Richard Crump , Writer

Competition Commission outlines five-year audit te...

Auditors to bid for work every five years under new competition rules; but avoid mandatory rotation Read More...

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America has put the mockers on EU audit reform
Audit

America has put the mockers on EU audit reform

11y Richard Crump , Writer

America has put the mockers on EU audit reform

Decision to prohibit mandatory rotation in the US puts question mark over EU audit policy Read More...

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US accountants applaud mandatory audit rotation block
Audit

US accountants applaud mandatory audit rotation block

11y Richard Crump , Writer

US accountants applaud mandatory audit rotation bl...

US decision to prohibit mandatory audit rotation sends "clear message" to end debate in Europe Read More...

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Barclays defends Big Four audit role
Audit

Barclays defends Big Four audit role

11y Richard Crump , Writer

Barclays defends Big Four audit role

Current banking audit rules "working for shareholders", Barclays claims in Competition Commission submission Read More...

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FRC dismisses enhanced audit competition role
Audit

FRC dismisses enhanced audit competition role

11y Richard Crump , Writer

FRC dismisses enhanced audit competition role

Reporting watchdog questions usefulness of secondary duty of promoting competition between audit firms Read More...

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FRC may be handed audit market competition remit
Audit

FRC may be handed audit market competition remit

11y Richard Crump , Writer

FRC may be handed audit market competition remit

Competition Commission may call in FRC to support measures to break audit dominance of the Big Four Read More...

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FRC makes changes significant changes to audit reports
Audit

FRC makes changes significant changes to audit reports

11y Rachael Singh

FRC makes changes significant changes to audit rep...

The finance watchdog has made changes to ISA 700 - in the hope of increasing communication with investors Read More...

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Wrangling persists over who should oversee auditing in the EU
Audit

Wrangling persists over who should oversee auditing in the EU

11y Accountancy Age

Wrangling persists over who should oversee auditin...

Supervision, mandatory rotation and a black-list for non-audit services proved contentious when discussed by EU finance ministers Read More...

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Interview: New IFAC chief executive Fayez Choudhury
Accounting Standards

Interview: New IFAC chief executive Fayez Choudhury

11y Kevin Reed , Writer

Interview: New IFAC chief executive Fayez Choudhur...

Choudhury talks about ramping up the global accountancy representative's offering - while trying to make sure the profession isn't misunderstood Read ...

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Close season endangers swift passage of EU audit reform
Audit

Close season endangers swift passage of EU audit reform

11y Accountancy Age

Close season endangers swift passage of EU audit r...

Commentary on Juri's recent clearance of its version of rules to revise company audits tends to be "let's try to make the best of things" Read More...

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Audit reforms are a great compromise: no one is happy
Audit

Audit reforms are a great compromise: no one is happy

11y Richard Crump , Writer

Audit reforms are a great compromise: no one is ha...

Neither the Big Four nor mid-tier firms are happy with Sajjad Karim’s proposals for 14-year mandatory audit rotation. The essence of a good compromise...

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Audit reforms “nudge” in right direction but leave many unsatisfied
Audit

Audit reforms “nudge” in right direction but leave many unsatisfied

11y Richard Crump , Writer

Audit reforms “nudge” in right direction but leave...

Compromised stance on auditor rotation periods leave profession unsatisfied for different reasons Read More...

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Europe imposes mandatory rotation on audits
Audit

Europe imposes mandatory rotation on audits

11y Rachael Singh

Europe imposes mandatory rotation on audits

MEPs vote for mandatory rotation of auditor every 14 years, although this can be extended to 25 years by some member states Read More...

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Competition Commission revises audit reform timetable
Audit

Competition Commission revises audit reform timetable

11y Rachael Singh

Competition Commission revises audit reform timeta...

Revised timetable sees final report brought forward to September Read More...

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Audit market “flirting with stagnation”, says PCAOB chair
Audit

Audit market “flirting with stagnation”, says PCAOB chair

11y Richard Crump , Writer

Audit market “flirting with stagnation”, says PCAO...

Lack of information and difficulty in discerning the difference between audits risks market stagnation, warns James Doty Read More...

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FCA chairman Griffith-Jones under fire over HBOS audits
Audit

FCA chairman Griffith-Jones under fire over HBOS audits

11y Accountancy Age

FCA chairman Griffith-Jones under fire over HBOS a...

The new City watchdog was last night fighting to defend its chairman amid accusations that as head of its auditors KPMG, HBOS pursued reckless lending...

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Big Four find Competition Commission audit conclusions lacking
Accounting Firms

Big Four find Competition Commission audit conclusions lacking

11y Richard Crump , Writer

Big Four find Competition Commission audit conclus...

Big Four audit firms criticise basis of watchdog's conclusions as "flawed", "unsound" and based on selective evidence Read More...

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Colin: The ideal candidates for audit reform
Audit

Colin: The ideal candidates for audit reform

11y Taking Stock

Colin: The ideal candidates for audit reform

Colin suggests candidates falling well within the criteria for audit reform Read More...

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Tension grows as EU audit decision looms
Audit

Tension grows as EU audit decision looms

11y Accountancy Age

Tension grows as EU audit decision looms

A recent Brussels conference captured the full range of views over the future structure of the audit market Read More...

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Transparency and flexibility are keys to audit reform
Audit

Transparency and flexibility are keys to audit reform

11y Rachael Singh

Transparency and flexibility are keys to audit ref...

European parliament hears transparency, quality and role of investors must be addressed in audit reforms Read More...

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FRC disagrees with Competition Commission rotation plans
Accounting Firms

FRC disagrees with Competition Commission rotation plans

11y Rachael Singh

FRC disagrees with Competition Commission rotation...

FRC claims mandatory auditor rotation would undermine audit committees' authority Read More...

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EU committee votes for seven-year auditor tendering
Audit

EU committee votes for seven-year auditor tendering

11y Accountancy Age

EU committee votes for seven-year auditor tenderin...

Econ committee's position sets up auditor tendering: the lead committee's final decision is due in April Read More...

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FRC boss defends 'comply or explain' audit tendering
Audit

FRC boss defends 'comply or explain' audit tendering

11y Richard Crump , Writer

FRC boss defends 'comply or explain' audit tenderi...

UK competition and reporting watchdogs at loggerheads over comply or explain provision for mandatory audit tendering Read More...

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Scepticism sits low on FDs' audit priorities
Accounting Firms

Scepticism sits low on FDs' audit priorities

11y Kevin Reed , Writer

Scepticism sits low on FDs' audit priorities

Financial Director survey finds many other traits rank above scepticism and challenge when assessing auditors' qualities Read More...

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