PSAA survey exposes fee friction and legacy backlogs in local audit recovery
Audit

PSAA survey exposes fee friction and legacy backlogs in local audit recover...

1w nikita alexander

PSAA survey exposes fee friction and legacy backlo...

PSAA's latest client survey reveals improved audit delivery across UK councils, but finance leaders face lingering backlogs and fee variation disputes...

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Why the FRC is targeting offshore audit work and what your firm must do
Audit

Why the FRC is targeting offshore audit work and what your firm must do

3m nikita alexander

Why the FRC is targeting offshore audit work and w...

As the FRC turns its lens on overseas delivery hubs, UK audit partners are being forced to prove they are actively managing risk not just offloading h...

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Internal audit flagged it. The board ignored it. The FCA fined it.
Audit

Internal audit flagged it. The board ignored it. The FCA fined it.

6m nikita alexander

Internal audit flagged it. The board ignored it. T...

A new report from the Chartered IIA reveals that UK financial firms have faced £1.02bn in fines for internal control failures since 2021. With the new...

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Audrey AI Raises €1.5m to Scale AI Platform for Financial Auditing

Audrey AI Raises €1.5m to Scale AI Platform for Financial Auditing

6m

Audrey AI Raises €1.5m to Scale AI Platform for Fi...

Audrey AI has raised €1.5m to scale its AI platform for financial auditing, automating evidence collection and tests of detail Read More...

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The weekly roundup: Audit scrutiny, digital deadlines & dealmaking
FRC

The weekly roundup: Audit scrutiny, digital deadlines & dealmaking

6m nikita alexander

The weekly roundup: Audit scrutiny, digital deadli...

As the 2026/27 tax year kicks into gear, the UK accounting sector faces a perfect storm of regulatory enforcement and structural evolution. From the F...

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EY’s agentic AI pivot - A watershed moment for audit quality?
AI in Accounting

EY’s agentic AI pivot - A watershed moment for audit quality?

6m nikita alexander

EY’s agentic AI pivot - A watershed moment for aud...

As EY rolls out an enterprise-scale multi-agent AI framework across 160,000 global engagements, the era of manual audit sampling is under threat. We a...

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The end of year-end? Why 2026 is rewriting the audit playbook
AI in Accounting

The end of year-end? Why 2026 is rewriting the audit playbook

6m nikita alexander

The end of year-end? Why 2026 is rewriting the aud...

As the 2026 reporting season hits its stride, the "Big Crunch" is being replaced by the "Continuous Close." With the FRC’s new Agentic AI guidance now...

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ACCA applauds moves to strengthen vital UK small business audit market
ACCA

ACCA applauds moves to strengthen vital UK small business audit market

7m Accountancy Age

ACCA applauds moves to strengthen vital UK small b...

UK’s audit regulator’s plans to tackle SME audit challenges backed by leading global accountancy body Read More...

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UK audit reform may be shelved, but finance teams cannot afford to stand still 
AI in Accounting

UK audit reform may be shelved, but finance teams cannot afford to stand st...

7m Hugh O’Neill, Chartered Accountant and Solutions Consultant at FloQast 

UK audit reform may be shelved, but finance teams ...

The government’s decision to scrap audit reform removes legislative pressure, yet finance leaders still carry the responsibility to strengthen governa...

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Circit Secures $22 Million Growth Equity Funding to Build the Independent Verification Layer Powering the Future of Audit

Circit Secures $22 Million Growth Equity Funding to Build the Independent V...

8m

Circit Secures $22 Million Growth Equity Funding t...

New funding led by Ten Coves Capital to fuel continued growth and U.S. expansion Read More...

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Navigating the UK’s 2026 Audit and Transaction Landscape
35 under 35

Navigating the UK’s 2026 Audit and Transaction Landscape

8m Accountancy Age

Navigating the UK’s 2026 Audit and Transaction Lan...

The traditional image of the accountant is being dismantled. From mastering real-time data analytics at RSM to championing resilience and diversity at...

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Audit reform takes another rain check
Audit

Audit reform takes another rain check

9m nikita alexander

Audit reform takes another rain check

The "Ghost of Reforms Past" returns as the Government shelves the Audit Reform Bill in a shock pivot toward "economic growth." With the birth of ARGA ...

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Why 2026 is the year of the ‘PE-powered’ audit practice
2026 Predictions

Why 2026 is the year of the ‘PE-powered’ audit practice

9m nikita alexander

Why 2026 is the year of the ‘PE-powered’ audit pra...

As the January scramble subsides, a new reality is setting in for the UK’s accountancy leaders. With Private Equity capital flooding the mid-tier and ...

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Navigating the ethics and regulation of AI in audit
AI in Accounting

Navigating the ethics and regulation of AI in audit

11m nikita alexander

Navigating the ethics and regulation of AI in audi...

As UK firms deploy AI and Machine Learning for smarter risk assessment and anomaly detection, they face a regulatory tightrope. We examine the critica...

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Xeinadin Strengthens Manchester with Senior Hires to Tackle SME Audit and Insolvency Headwinds
Audit

Xeinadin Strengthens Manchester with Senior Hires to Tackle SME Audit and I...

11m Accountancy Age

Xeinadin Strengthens Manchester with Senior Hires ...

Xeinadin, the integrated business advisory and accountancy group, has cemented its commitment to the UK’s crucial SME sector with two high-profile app...

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The end of sampling? Why UK audit can embrace full-population testing
Audit

The end of sampling? Why UK audit can embrace full-population testing

11m nikita alexander

The end of sampling? Why UK audit can embrace full...

The reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and ...

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S&W boosts northern audit team with experienced KPMG hire
Audit

S&W boosts northern audit team with experienced KPMG hire

1y Accountancy Age

S&W boosts northern audit team with experienced KP...

S&W has appointed Chris Vaulks as a partner in its audit practice, expanding the firm’s capabilities in the technology, construction, and manufact...

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Forvis Mazars integrates EcoOnline platform for audit-ready ESG data
Accounting Firms

Forvis Mazars integrates EcoOnline platform for audit-ready ESG data

1y Accountancy Age

Forvis Mazars integrates EcoOnline platform for au...

Forvis Mazars has partnered with global software provider EcoOnline to improve ESG reporting and assurance for clients in Singapore, supporting compli...

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Gerald Edelman appoints new UK audit partner
Accounting Firms

Gerald Edelman appoints new UK audit partner

1y Accountancy Age

Gerald Edelman appoints new UK audit partner

Gerald Edelman has appointed Tom Harris as its new audit partner, expanding the leadership team as the firm continues to grow and diversify its client...

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Revolut taps EY for 2026 audit after BDO revenue concerns
Accounting Firms

Revolut taps EY for 2026 audit after BDO revenue concerns

1y Accountancy Age

Revolut taps EY for 2026 audit after BDO revenue c...

Revolut has appointed Ernst & Young (EY) as its new global auditor, following a competitive tender process for the financial year ending 31 Decemb...

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Deloitte's Glencore audits under FRC scrutiny
Audit

Deloitte's Glencore audits under FRC scrutiny

1y Accountancy Age

Deloitte's Glencore audits under FRC scrutiny

The Financial Reporting Council (FRC) has launched a formal investigation into Deloitte’s audits of Glencore plc and its UK subsidiary, Glencore Energ...

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UK moves to regulate AI audit ‘wild west’ with first global standard
Accounting Standards

UK moves to regulate AI audit ‘wild west’ with first global standard

1y Accountancy Age

UK moves to regulate AI audit ‘wild west’ with fir...

The British Standards Institution (BSI) has published a new international standard aimed at bringing structure, transparency, and trust to the rapidly...

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KPMG replaced by small firm as P&O Ferries auditor
Accounting Firms

KPMG replaced by small firm as P&O Ferries auditor

1y Accountancy Age

KPMG replaced by small firm as P&O Ferries auditor

P&O Ferries has appointed a boutique Oxfordshire-based firm, Just Audit & Assurance (JAA), as its new auditor following the unexpected departu...

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BDO flagged by FRC over audit quality concerns
Accounting Firms

BDO flagged by FRC over audit quality concerns

1y Accountancy Age

BDO flagged by FRC over audit quality concerns

The Financial Reporting Council has sharply criticised BDO’s audit quality, calling its work “significantly short of expectations” and placing the fir...

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When the apple doesn’t fall far from the audit firm
Audit

When the apple doesn’t fall far from the audit firm

1y Accountancy Age

When the apple doesn’t fall far from the audit fir...

When right is nobody’s business, wrong sets the culture. The recent PCAOB fines totalling $8.5 million for cheating on ethics exams at Deloitte, PwC a...

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Can agentic AI really handle end-to-end tax and audit workflows?
AI in Accounting

Can agentic AI really handle end-to-end tax and audit workflows?

1y Accountancy Age

Can agentic AI really handle end-to-end tax and au...

Agentic AI is pushing beyond routine automation, offering tax teams autonomous workflows, compliance insights, and specialist AI “colleagues.” Here’s ...

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Big accountancy firms fail to monitor AI’s impact on audit quality, says FRC
Accounting Firms

Big accountancy firms fail to monitor AI’s impact on audit quality, says FR...

1y Accountancy Age

Big accountancy firms fail to monitor AI’s impact ...

The FRC has warned that big accountancy firms aren’t tracking how AI tools affect audit quality, raising concerns over oversight amid growing reliance...

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KPMG fined £1.25m for Carr’s Group audit breaches
Audit

KPMG fined £1.25m for Carr’s Group audit breaches

1y Accountancy Age

KPMG fined £1.25m for Carr’s Group audit breaches

KPMG has been fined £1.25m by the Financial Reporting Council (FRC) over serious breaches of audit independence rules during its 2021 audit of farm an...

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