Just 12% of local authority audits completed on time, data suggests
Audit

Just 12% of local authority audits completed on time, data suggests

3y Sam Alberti

Just 12% of local authority audits completed on ti...

The NAO has warned that these figures pose a threat to accountability in local government Read More...

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Deloitte hit with £1.25m FRC fine over SIG audit
Accounting Firms

Deloitte hit with £1.25m FRC fine over SIG audit

4y Sam Alberti

Deloitte hit with £1.25m FRC fine over SIG audit

The Big Four firm was found guilty of breaches in relation to cash and the audit of supplier rebates Read More...

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A4S Summit 2022: Audit key to mitigating greenwashing
Accounting Firms

A4S Summit 2022: Audit key to mitigating greenwashing

4y Greg Noble

A4S Summit 2022: Audit key to mitigating greenwash...

Audit is integral to tackling greenwashing in global markets, according to industry experts   Read More...

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Top 50+50 2022: Data highlights significant fee income growth across the industry due to increased client demand
Audit

Top 50+50 2022: Data highlights significant fee income growth across the in...

4y Greg Noble

Top 50+50 2022: Data highlights significant fee in...

The wider UK economy continues to struggle in the wake of the pandemic, but increased client demand for accounting and advisory services saw firms rep...

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FRC introduces new measures to support smaller audit firms and ‘improve competition’
Audit

FRC introduces new measures to support smaller audit firms and ‘improve com...

4y Greg Noble

FRC introduces new measures to support smaller aud...

The audit regulator announced new supervisory measures to help smaller audit firms grab market share Read More...

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Q&A: Mazars audit partner Andrew Jones
Accounting Firms

Q&A: Mazars audit partner Andrew Jones

4y Greg Noble

Q&A: Mazars audit partner Andrew Jones

Accountancy Age spoke with Mazars’ newly appointed audit partner, Andrew Jones, who outlined his reasoning behind taking the role and what he believes...

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

FRC to address ‘failing audit market’ with competitiveness measures

4y 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

4y 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

4y 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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ESG demand will force structure shift among audit firms, experts say
Audit

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

4y 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?

4y 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

4y 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

4y 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...

4y 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

4y 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

4y 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 reform
Audit

Reflections on the continuing absence of audit reform

4y 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

4y 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

4y 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

4y 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

4y 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

4y 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...

4y 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...

4y 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

4y 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

5y 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

5y Sam Alberti

Managed shared audit “insufficient”, ICAEW argues

Stakeholders have expressed little support for the plans Read More...

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