Deloitte auditor accused of recklesness at FRC tribunal

Audit Deloitte auditor accused of recklesness at FRC tribunal

2y Shannon Moyer

Deloitte auditor accused of recklesness at FRC tri...

On the first day of the long-running Financial Reporting Council's disciplinary tribunal, Deloitte's auditors have been called "reckless" and subjecti...

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The AI tool transforming Moore Kingston Smith’s audit offering (Part 2)

Audit The AI tool transforming Moore Kingston Smith’s audit offering (Part 2)

2y Beth McLoughlin

The AI tool transforming Moore Kingston Smith’s au...

Continuing the discussion on the use of technology in the audit industry, Becky Shields compares Moore Kingston Smith's advancements to other firms. R...

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The AI tool transforming Moore Kingston Smith’s audit offering (Part 1)

Audit The AI tool transforming Moore Kingston Smith’s audit offering (Part 1)

2y Beth McLoughlin

The AI tool transforming Moore Kingston Smith’s au...

Becky Shields, partner at Moore Kingston Smith, talks about the benefits of using technology and the future of the audit industry. Read More...

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New research shows multidisciplinary firm structure to improve audit quality

Accounting Firms New research shows multidisciplinary firm structure to improve audit quality

2y Leanna Reeves

New research shows multidisciplinary firm structur...

The study comes amid growing international debate on the market value of auditors providing non-audit services. Read More...

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Deloitte's FTSE350 proposed cap would present mid-tier firms with audit opportunity

Audit Deloitte's FTSE350 proposed cap would present mid-tier firms with audit opportunity

2y Chris Jewers

Deloitte's FTSE350 proposed cap would present mid-...

This latest suggestion from Deloitte, if implemented by the government, would see the Big Four each restricted to 20 per cent of FTSE 350 market. This...

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Is the number up for audit?

Audit Is the number up for audit?

2y Phil Shohet

Is the number up for audit?

Phil Shohet of Foulger Underwood shares his thoughts on the great audit debate. Read More...

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ACCA and Mazars at odds over joint audit

Audit ACCA and Mazars at odds over joint audit

3y Tom Lemmon

ACCA and Mazars at odds over joint audit

Mazars and ACCA called for meaningful reforms, but remain at odds over joint audit. Read More...

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True Transparency: reforming the Audit Industry

Audit True Transparency: reforming the Audit Industry

3y Patricia Cullen

True Transparency: reforming the Audit Industry

The Government announced on March 11th that it would be creating a new, enhanced regulator to transform the audit and accounting sector in response to...

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ICAEW Chief warns of further audit walk-outs to protect reputation

Audit ICAEW Chief warns of further audit walk-outs to protect reputation

3y Chris Jewers

ICAEW Chief warns of further audit walk-outs to pr...

Michael Izza, ICAEW’s Chief Executive, said that the industry is facing ‘a watershed moment’ as auditors come under heavy scrutiny and criticism over ...

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Audit news round-up - Deloitte top of the world, PCAOB finds audits lacking

Audit Audit news round-up - Deloitte top of the world, PCAOB finds audits lacking

3y Chris Jewers

Audit news round-up - Deloitte top of the world, P...

A round-up of the key audit news in the last week, commencing from the 26th August 2019. Read More...

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Watchdog finds only half of charity audits met benchmark

Audit Watchdog finds only half of charity audits met benchmark

3y Chris Jewers

Watchdog finds only half of charity audits met ben...

The Charity Commission for England and Wales has accused some auditors of ‘letting the profession and charities down’, after the sample of 296 chariti...

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Comment: Only meaningful reform will be enough to solve the audit crisis

Audit Comment: Only meaningful reform will be enough to solve the audit crisis

3y Tom Lemmon

Comment: Only meaningful reform will be enough to ...

Isn't it time for auditors to be clear about their roles and responsibilities if reforms are to be meaningful? Read More...

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Eddie Stobart suspends trading after £2m accounting error

Audit Eddie Stobart suspends trading after £2m accounting error

3y Shannon Moyer

Eddie Stobart suspends trading after £2m accountin...

The UK logistics company discovered inflated operating profits, following an investigation led by chief financial officer Anoop King. Read More...

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Audit news round-up - Sports Direct saga continues, GE 'accounting fraud'

Audit Audit news round-up - Sports Direct saga continues, GE 'accounting fraud'

3y Chris Jewers

Audit news round-up - Sports Direct saga continues...

Mike Ashely’s high street giant is now turning to mid-tier firms, and has reportedly approached BDO and Mazars about a possible tender process. Read M...

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Audit news round-up

Audit Audit news round-up

3y Chris Jewers

Audit news round-up

It has been a busy week for the large accountancy firms, which has seen Grant Thornton quitting Sports Direct leaving the retail giant in audit-limbo,...

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"I've never seen a moment like this" - Mazars on joint audit. Part 3

Audit "I've never seen a moment like this" - Mazars on joint audit. Part 3

3y Tom Lemmon

"I've never seen a moment like this" - Mazars on j...

In the final part of the series, Mazars' UK Head of Audit, Bob Neate, talks about the future of audit and how reform to the sector will come about. Re...

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Mazars make the case for joint audit - Part 2

Audit Mazars make the case for joint audit - Part 2

3y Tom Lemmon

Mazars make the case for joint audit - Part 2

Continuing our discussion with Bob Neate, Mazars' UK Head of Audit talk, we hear why joint audit is better than shared audit, whether its a realistic ...

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Mazars make the case for joint audit – Part 1

Audit Mazars make the case for joint audit – Part 1

3y Tom Lemmon

Mazars make the case for joint audit – Part 1

Mazars' UK Head of audit, Bob Neate, talks to Accountancy Age about why joint audit must be the solution to the audit crisis. Read More...

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An opportunity for change in the accounting sector – a need for reinvention

Audit An opportunity for change in the accounting sector – a need for reinvention

3y Leon Kahmi, Head of Responsibility

An opportunity for change in the accounting sector...

There is usually a silver lining to every dark cloud, and the one hanging over the UK accounting sector is no exception, says Leon Kamhi, Head of Resp...

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Making the case for shared audit

Audit Making the case for shared audit

3y Clive Stevens, Chairman

Making the case for shared audit

Clive Stevens, Chairman of the Association of Practising Accountants makes the case for shared audit as the solution for the future of audit. Read Mor...

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Areas for audit to evolve according to PwC paper

Audit Areas for audit to evolve according to PwC paper

3y Chris Jewers

Areas for audit to evolve according to PwC paper

Accountancy firms are looking at ways to improve the quality of the audits they undertake to restore confidence in the industry, and PwC’s report come...

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Audit - A changing game

Audit Audit - A changing game

3y Stuart A Brown, Associate director, quality and technical assurance, Duncan & Toplis

Audit - A changing game

Stuart Brown of Duncan & Toplis spells out why there will be significant changes as a result of reviews into the audit sector - and why these changes ...

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Could this AI audit programme revolutionise the mid-tier market?

Audit Could this AI audit programme revolutionise the mid-tier market?

3y Beth McLoughlin

Could this AI audit programme revolutionise the mi...

A partnership between Canadian company MindBridge Ai and Kreston Reeves is creating the next generation of audit for mid-tier firms Read More...

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Could the separation of audit and consultancy, allowing for contingent fees to be charged for consultancy - be the solution to the audit conundrum?

Audit Could the separation of audit and consultancy, allowing for contingent fees to be charged for consultancy - be the solution to the audit conundrum?

3y Beth McLoughlin

Could the separation of audit and consultancy, all...

GovGrant CEO Luke Hamm argues that contingent fees are the best way for clients to get the outcome they want from their R&D and innovation tax credit...

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FRC audit inspection finds no improvement on last year

Accounting Firms FRC audit inspection finds no improvement on last year

3y Chris Jewers

FRC audit inspection finds no improvement on last ...

75% of FTSE 350 audits assessed as good or requiring limited improvements, failing to meet the FRC's 90% target Read More...

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Financial reporting – a new era beckons for professionals, directors and their insurers

Audit Financial reporting – a new era beckons for professionals, directors and their insurers

3y Rebecca Smith, Partner

Financial reporting – a new era beckons for profes...

The future of audit hangs in the balance. Rebecca Smith, partner at DAC Beachcroft, takes a forensic look at some of the proposals on the table Read M...

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KPMG slapped with $50m fine over past audit work

Audit KPMG slapped with $50m fine over past audit work

3y Tom Lemmon

KPMG slapped with $50m fine over past audit work

KPMG has agreed to pay a $50m penalty after the American Securities and Exchange Commission (SEC) charged the firm with altering past audit work after...

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