FRC practices what it preaches
Audit

FRC practices what it preaches

12y Richard Crump , Writer

FRC practices what it preaches

FRC avoids charge of “do as I say, not as I do”, by changing its auditor Read More...

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Big Four audit tenders benefit from ‘virtuous circle’
Audit

Big Four audit tenders benefit from ‘virtuous circle’

12y Richard Crump , Writer

Big Four audit tenders benefit from ‘virtuous circ...

Virtuous circle that increases Big Four chances of winning FTSE 350 audits operates in reverse for mid-tier Read More...

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Divisions within Europe over audit rotation
Audit

Divisions within Europe over audit rotation

12y Richard Crump , Writer

Divisions within Europe over audit rotation

European politicians split over length of audit tenures as MEP Jürgen Creutzmann proposes adoption of seven-year mandatory rotation Read More...

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Mandatory audit tendering introduced in UK governance code
Audit

Mandatory audit tendering introduced in UK governance code

12y Kevin Reed , Writer

Mandatory audit tendering introduced in UK governa...

UK Corporate Governance Code introduces comply-or-explain for FTSE 350 companies that fail to put their audit out to tender at least every ten years R...

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PwC's Schroders audit put out to tender
Audit

PwC's Schroders audit put out to tender

12y Kevin Reed , Writer

PwC's Schroders audit put out to tender

Schroders CFO Kevin Parry talks about the audit market, as tender process for the FTSE 100 group's audit continues Read More...

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Audit competition depends on how you look at it
Audit

Audit competition depends on how you look at it

12y Richard Crump , Writer

Audit competition depends on how you look at it

Big Four and mid-tier views over what constitutes competition are so distant it is questionable whether Competition Commission findings will settle ar...

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No evidence of "tacit coordination" among Big Four
Audit

No evidence of "tacit coordination" among Big Four

12y Richard Crump , Writer

No evidence of "tacit coordination" among Big Four

Competition Commission working paper on tacit collusion among Big Four goes some way to vindicate their stance on audit competition Read More...

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Germany and Spain challenge watered-down audit reform proposals
Audit

Germany and Spain challenge watered-down audit reform proposals

12y Rachael Singh

Germany and Spain challenge watered-down audit ref...

European Parliament’s legal affairs committee hears report from MEP on mandatory rotation every 25 years which receives challenges from some member st...

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Colin: Audit reform changes tack
Audit

Colin: Audit reform changes tack

12y Taking Stock

Colin: Audit reform changes tack

Colin sums up what many think about the new direction that the EC's audit reform plans are taking Read More...

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Investors make last ditch attempt to sway audit reforms
Audit

Investors make last ditch attempt to sway audit reforms

12y Rachael Singh

Investors make last ditch attempt to sway audit re...

Investors representing €732bn in Europe send letter to European Commissioner Michel Barnier to take tough stance on audit reforms Read More...

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European audit reforms watered down
Audit

European audit reforms watered down

12y Richard Crump , Writer

European audit reforms watered down

Mandatory auditor rotation moves from every six to 25 years Read More...

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Audit reforms could lead to less protection, say firms
Accounting Firms

Audit reforms could lead to less protection, say firms

12y Rachael Singh

Audit reforms could lead to less protection, say f...

Survey of Top 100 firms shows that 63% believe reforms such as auditor rotation will provide less protection for investors and the public Read More...

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PwC leapfrogs Deloitte as global networks boost revenues
Accounting Firms

PwC leapfrogs Deloitte as global networks boost revenues

12y Kevin Reed , Writer

PwC leapfrogs Deloitte as global networks boost re...

Fee revenue growth rate increases, as emerging markets continue to bolster international networks Read More...

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FRC receives green light to reform its structure
Audit

FRC receives green light to reform its structure

12y Rachael Singh

FRC receives green light to reform its structure

House of Lords and House of Commons approve reform of FRC which will see its seven departments reduced to two Read More...

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Arguments against auditor rotation appear desperate
Audit

Arguments against auditor rotation appear desperate

12y Eric Tracey

Arguments against auditor rotation appear desperat...

The argument that changing auditor risks a decline in audit quality cannot be taken seriously, writes Eric Tracey Read More...

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ICAEW: Regulation won’t instil trust in auditors
Audit

ICAEW: Regulation won’t instil trust in auditors

12y Rachael Singh

ICAEW: Regulation won’t instil trust in auditors

The profession, not the regulators, must drive to inject trust into the profession says ICAEW chairman of audit and assurance Read More...

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RPC liability expert Howard joins Wragge & Co
Audit

RPC liability expert Howard joins Wragge & Co

12y Kevin Reed , Writer

RPC liability expert Howard joins Wragge & Co

Jane Howard takes her professional liability expertise to Wragges Read More...

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Quality the casualty in "brutal" audit price war
Audit

Quality the casualty in "brutal" audit price war

12y Richard Crump , Writer

Quality the casualty in "brutal" audit price war

Savage price competition is turning audit into a commoditised product where price, and not quality, is the order of the day Read More...

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The longer the audit tenure the better says Dutch research
Audit

The longer the audit tenure the better says Dutch research

12y Accountancy Age

The longer the audit tenure the better says Dutch ...

Research from a Dutch university shows auditors that have worked with a company for longer than 10 years have a positive effect on financial statement...

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FRC hedges bets over audit governance
Accounting Standards

FRC hedges bets over audit governance

12y Richard Crump , Writer

FRC hedges bets over audit governance

FRC governance proposals will restore faith in reporting process, while audit tendering rules signal a split from EC stance Read More...

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Audit: The Next Frontier
Audit

Audit: The Next Frontier

12y Accountancy Age

Audit: The Next Frontier

How can auditors and regulators work together to restore trust in the financial systems, asks Deloitte Touche Tohmatsu’s global director Roger Dassen ...

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FRC consults on revamped stewardship definition
Audit

FRC consults on revamped stewardship definition

12y Accountancy Age

FRC consults on revamped stewardship definition

Financial Reporting Council consultation which could change definition of stewardship in the UK Read More...

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ICAS says FRC audit reforms don’t go far enough
Accounting Standards

ICAS says FRC audit reforms don’t go far enough

12y Rachael Singh

ICAS says FRC audit reforms don’t go far enough

Scottish Institute says FRC reforms should force auditors to give assurance on entire report and not just in exceptions Read More...

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FRC waters down audit tendering rules
Audit

FRC waters down audit tendering rules

12y Rachael Singh

FRC waters down audit tendering rules

The FRC is diluting its proposed plans to force all listed companies to change auditor or explain why they haven’t Read More...

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Dutch to act as catalyst for EC auditor rotation changes
Audit

Dutch to act as catalyst for EC auditor rotation changes

12y Rachael Singh

Dutch to act as catalyst for EC auditor rotation c...

Netherlands reform to introduce mandatory auditor rotation could be catalyst for EC to introduce Europe-wide proposals Read More...

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Lobbyists want Barclays auditors voted out
Audit

Lobbyists want Barclays auditors voted out

12y Kevin Reed , Writer

Lobbyists want Barclays auditors voted out

Pirc against re-appointment of auditors PwC and non-exec Sir Mike Rake over concerns that accounting rules allow banks to overstate profit Read More...

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China will help create Big Six
Audit

China will help create Big Six

12y Kevin Reed , Writer

China will help create Big Six

Asian accounting growth the most likely route to Big Four competition, says Sir David Tweedie Read More...

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