Over the past five years, accounting firms have faced penalties exceeding $100 million globally for lapses tied to ethical breaches, according to a re...
View articleAs 2025 dawns, accountants find themselves at the heart of an economy still navigating the aftershocks of a global pandemic, seismic political shifts,...
View articleThe Financial Reporting Council (FRC) has released initial findings from its ongoing examination of the NHS audit market, revealing significant obstac...
View articleA major disconnect between artificial intelligence (AI) understanding and risk assessment has been unveiled in a comprehensive new report examining th...
View articleIn a significant reversal, the Second U.S. Circuit Court of Appeals has revived a lawsuit from investors alleging that BDO USA provided substandard au...
View articleIt’s impossible for any team in any industry to be 100% efficient—after all, we’re people not robots. But glaring inefficiencies in your accounting pr...
View articleCooper Parry, the auditors for online e-tailer I Saw It First, were unable to verify nearly £7 million in wages and salary payments Read More...
View articleAs the regulation of audit firms increases, audits are costing more and taking longer for both auditors and management teams to deliver. Whilst we awa...
View articleThe Institute of Chartered Accountants in England and Wales (ICAEW) has released its comprehensive audit monitoring report for 2023/24, revealing sign...
View articleThomson Reuters has unveiled its new Audit Intelligence suite today (September 12). Announced from their Toronto headquarters, this new suite of AI-p...
View articleThe UK government has tabled new legislation in Parliament on September 9, 2024. The Accounts and Audit (Amendment) Regulations 2024, set to come into...
View articleNew PCAOB rules aim to enhance accountability Read More...
View articleThe recent £15 million fine imposed by the Financial Conduct Authority (FCA) on PricewaterhouseCoopers LLP (PwC) marks a significant milestone in the ...
View articleEarlier this month, Mobius Investment Trust decided to part ways with PricewaterhouseCoopers LLP (PwC), its long-standing auditor, in favour of Johnst...
View articleTo the delight of many in mid-tier accounting circles, we are now beginning to see significant, wide-ranging steps being taken to reform audit practic...
View articleAs the October 28 deadline approaches, accounting firms across the UK are being urged to contribute to a critical consultation that could reshape how ...
View articleThe Financial Reporting Council (FRC) has imposed sanctions on Ernst & Young LLP (EY UK) for breaching ethical standards related to non-audit serv...
View articleThe Financial Reporting Council’s Annual Review of Audit Quality for 2024, released on July 30, 2024, paints a picture of an audit landscape in ...
View articleThere is a growing disconnect between the escalating demands placed on internal audit functions and their limited capacity to address emerging risks. ...
View articleAmongst the 40 laws the government announced in the King’s Speech on 17th July 2024, a draft Audit Reform and Corporate Governance Bill (the Bill) was...
View articleKPMG International has announced the integration of generative AI into its global smart audit platform, KPMG Clara. This move, announced on July 29, 2...
View articleWhen King Charles delivered the first King’s speech for more than 70 years last November, there was palpable frustration across the accounting profess...
View articleA recent International Energy Agency (IEA) report on carbon accounting for sustainable biofuels could herald significant changes in auditing practices...
View articleThe Centre for Public Interest Audit (CPIA), a new organisation that will bring together auditors from across the profession to shape best practice an...
View articleThe recent King’s Speech has unveiled a raft of legislative proposals set to significantly reshape the landscape for accountants and auditors ac...
View articleThe Financial Reporting Council (FRC) recently imposed significant sanctions on MacIntyre Hudson LLP (MHA) and two of its auditors. The case, revolvin...
View articleThe UK’s new Labour government must commit to taking forward audit and corporate governance reform and legislate to clear the local audit backlog in E...
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