FRC announces major overhaul of UK Corporate Governance Code
Audit

FRC announces major overhaul of UK Corporate Governance Code

10m Sam Alberti

FRC announces major overhaul of UK Corporate Gover...

The proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...

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Carillion scandal highlights lack of ‘real competitors’ in UK audit
Audit

Carillion scandal highlights lack of ‘real competitors’ in UK audit

1y Sam Alberti

Carillion scandal highlights lack of ‘real competi...

KPMG's settlement of the £1.3bn legal claim highlights longstanding weaknesses in the audit sector, experts say Read More...

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FRC chief to stand down amid “pivotal” time for audit reform
Audit

FRC chief to stand down amid “pivotal” time for audit reform

1y Sam Alberti

FRC chief to stand down amid “pivotal” time for au...

Sir Jon Thompson will begin leading the HS2 project with immediate effect Read More...

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FRC to address ‘failing audit market’ with competitiveness measures
Audit

FRC to address ‘failing audit market’ with competitiveness measures

1y Sam Alberti

FRC to address ‘failing audit market’ with competi...

The Financial Reporting Council (FRC) has unveiled plans to stimulate competition and resilience in the UK audit market, with a view to remedying the ...

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Audit reform causing work to ‘cascade down’ through the market
Audit

Audit reform causing work to ‘cascade down’ through the market

1y Paul Hanaphy

Audit reform causing work to ‘cascade down’ throug...

Industry leaders say audit changes are already creating opportunities for mid-tier firms Read More...

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UK government must ‘get on’ with audit reform, industry body says
Audit

UK government must ‘get on’ with audit reform, industry body says

1y Sam Alberti

UK government must ‘get on’ with audit reform, ind...

The urgency for reform is greater than ever due to the weakening economy, the Chartered IIA argued 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?

2y 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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FRC confirms overhaul of UK corporate governance code
Corporate Governance

FRC confirms overhaul of UK corporate governance code

2y Sam Alberti

FRC confirms overhaul of UK corporate governance c...

The first update to the UK Corporate Governance Code in four years will see the creation of a stronger framework for reporting on internal controls an...

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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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Overdue audit and corporate governance reforms on the horizon
Corporate Governance

Overdue audit and corporate governance reforms on the horizon

2y Anca Thomson

Overdue audit and corporate governance reforms on ...

The UK government’s plans for audit and corporate governance reforms have appeared in this month’s Queen’s Speech, to the relief of many, says Anca Th...

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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 del...

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 frustr...

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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2021: How the accountancy industry adapted to change and uncertainty
Accounting Firms

2021: How the accountancy industry adapted to change and uncertainty

2y Institute of Financial Account...

2021: How the accountancy industry adapted to chan...

As 2021 draws to a close, it’s time to reflect on the highs and lows of the past 12 months and how the accountancy industry has adapted to a myriad of...

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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 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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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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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 audi...

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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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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Industry torn over audit sector criticism
Audit

Industry torn over audit sector criticism

3y Sam Alberti

Industry torn over audit sector criticism

The sector is "failing society", according to one source Read More...

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Big Four “jumping before they’re pushed” ahead of audit reforms
Audit

Big Four “jumping before they’re pushed” ahead of audit reforms

3y Aoife Morgan

Big Four “jumping before they’re pushed” ahead of ...

KPMG UK confirms sale of restructuring arm to HIG Capital in £400m deal Read More...

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