Data volumes and quality 'crucial' to AI success in accounting firms
Accounting Software

Data volumes and quality 'crucial' to AI success in accounting firms

1y Rob Griffin

Data volumes and quality 'crucial' to AI success i...

Clear data strategies must be put in place, insists Moore Kingston Smith’s Becky Shields Read More...

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Audit teams must collaborate to weather economic storm, experts say
Audit

Audit teams must collaborate to weather economic storm, experts say

1y Greg Noble

Audit teams must collaborate to weather economic s...

33% of organisations have incorporated auditing measures to enhance resiliency against macroeconomic uncertainty into their regular audit practices Re...

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KPMG and PwC sanctioned by FRC for Eddie Stobart audits
Accounting Firms

KPMG and PwC sanctioned by FRC for Eddie Stobart audits

1y Greg Noble

KPMG and PwC sanctioned by FRC for Eddie Stobart a...

After cooperating with the inquiry, the firms and partners received a reduction in fines Read More...

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The crucial role of auditors and accountants in the climate change fight
Audit

The crucial role of auditors and accountants in the climate change fight

1y Simon Konsta , Disputes partner, DAC Beachcroft

The crucial role of auditors and accountants in th...

With climate litigation on the rise, boardroom behaviour must adapt - accountants and auditors are central to this Read More...

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May People Moves: Mid-market firms shuffle accountancy talent
Practice

May People Moves: Mid-market firms shuffle accountancy talent

1y Greg Noble

May People Moves: Mid-market firms shuffle account...

In May, we unpack the wave of activity in several mid-market firms, as well as the latest moves across regulators and trade bodies Read More...

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FRC minimum standard for audit committees ‘a step in the right direction’
Audit

FRC minimum standard for audit committees ‘a step in the right direction’

2y Greg Noble

FRC minimum standard for audit committees ‘a step ...

But it may not be the solution to building consistently high-quality audits Read More...

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HMRC R&D raid poses “significant risk” to accountants
HMRC

HMRC R&D raid poses “significant risk” to accountants

2y Sam Alberti

HMRC R&D raid poses “significant risk” to accounta...

HMRC investigations into R&D claims will have risen by 900% in the past four years, research suggests Read More...

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FRC to investigate Deloitte’s audit of Joules
Audit

FRC to investigate Deloitte’s audit of Joules

2y Greg Noble

FRC to investigate Deloitte’s audit of Joules

The investigation comes six months after Deloitte were hit with a £1.25m fine Read More...

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Professional scepticism requires ‘right’ culture
Accounting Firms

Professional scepticism requires ‘right’ culture

2y Greg Noble

Professional scepticism requires ‘right’ culture

Hill says the main issue regarding professional scepticism is human behaviour, particularly when working towards tight deadlines and budgets Read More...

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April People Moves: Big Four firm announces new head of ESG
Accounting Firms

April People Moves: Big Four firm announces new head of ESG

2y Greg Noble

April People Moves: Big Four firm announces new he...

This month saw a flurry of appointments and promotions from the industries mid-tier firms Read More...

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KPMG sanctioned for ‘rudimentary’ failings over The Works audit
Audit

KPMG sanctioned for ‘rudimentary’ failings over The Works audit

2y Greg Noble

KPMG sanctioned for ‘rudimentary’ failings over Th...

The FRC has said the admitted failings were "rudimentary and should not have occurred" Read More...

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ChatGPT less than 50% accurate in accounting exams, study finds
Technology

ChatGPT less than 50% accurate in accounting exams, study finds

2y Sam Alberti

ChatGPT less than 50% accurate in accounting exams...

Accounting students found to be considerably more capable across the board Read More...

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FRC initiates investigation into EY's audit of Made.com
Accounting Firms

FRC initiates investigation into EY's audit of Made.com

2y Greg Noble

FRC initiates investigation into EY's audit of Mad...

This is the second investigation the FRC has commenced into audits by EY this week Read More...

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EY split timeline: The abandoned break-up plan
Audit

EY split timeline: The abandoned break-up plan

2y Sam Alberti

EY split timeline: The abandoned break-up plan

After years of deliberations and millions of dollars spent, EY has officially pulled the plug on its greatly anticipated break-up plan Read More...

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Streets expands with Eadie Young merger
Accounting Firms

Streets expands with Eadie Young merger

2y Accountancy Age

Streets expands with Eadie Young merger

Top 50 UK accountancy practice, Streets Chartered Accountants, merges with Eadie Young to enhance services Read More...

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Changes abound – adapting to the new audit landscape
Audit

Changes abound – adapting to the new audit landscape

2y Phil Crooks

Changes abound – adapting to the new audit landsca...

Phil Crooks, managing director at Berkeley Research Group, outlines the key changes to the audit landscape in 2023. 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

2y 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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Mazars: ‘Accounting issue’ to blame for local authority audit delays
Audit

Mazars: ‘Accounting issue’ to blame for local authority audit delays

2y Sam Alberti

Mazars: ‘Accounting issue’ to blame for local auth...

Challenges with the valuation of infrastructure assets have proven to be a key barrier for audit firms 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

2y 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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Tech update: QuickBooks and iwoca join forces
Technology

Tech update: QuickBooks and iwoca join forces

2y Sam Alberti

Tech update: QuickBooks and iwoca join forces

The partnership has produced a first of its kind B2B buy now, pay later solution Read More...

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People Moves Update: A wave of activity across mid-market firms
Accounting Firms

People Moves Update: A wave of activity across mid-market firms

2y Greg Noble

People Moves Update: A wave of activity across mid...

January proved to be a busy time for people moves in the accounting industry Read More...

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

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

2y 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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Exam cheating can become a ‘big issue’ if not appropriately addressed
Accounting Firms

Exam cheating can become a ‘big issue’ if not appropriately addressed

2y Greg Noble

Exam cheating can become a ‘big issue’ if not appr...

The accountancy industry has been hit by several exam cheating cases over the last few years Read More...

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Tech update: Help to Grow Digital scheme to wind down
Technology

Tech update: Help to Grow Digital scheme to wind down

2y Sam Alberti

Tech update: Help to Grow Digital scheme to wind d...

The scheme will close to new business applications on February 2 Read More...

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People Moves Update: A series of mid-market appointments
Big Four

People Moves Update: A series of mid-market appointments

2y Greg Noble

People Moves Update: A series of mid-market appoin...

December highlighted a flurry of movements for the mid-market accounting firms 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

2y 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

2y 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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