Audit Archives - Accountancy Age

One year anniversary of BEIS audit reform whitepaper sparks industry frustration

Audit One year anniversary of BEIS audit reform whitepaper sparks industry frustration

1w 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

3w 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

2m 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

4m Sam Alberti

Managed shared audit “insufficient”, ICAEW argues

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

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FRC CEO: cost makes UK SOX “key political decision”

Audit FRC CEO: cost makes UK SOX “key political decision”

6m Sam Alberti

FRC CEO: cost makes UK SOX “key political decision...

Ministers are currently assessing a series of proposals to strengthen UK audit Read More...

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Audit reforms will force rapid adoption of new technology

Audit Audit reforms will force rapid adoption of new technology

7m Aaran Fronda

Audit reforms will force rapid adoption of new tec...

UK proposals on audit must address technology to be a success, says Jack Skov, CFO at the Danish software group, Konsolidator Read More...

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Statutory audit must “make more use” of internal audit expertise

Audit Statutory audit must “make more use” of internal audit expertise

7m Sam Alberti

Statutory audit must “make more use” of internal a...

While objectivity and independence are critical, greater collaboration could be the key to stronger assurance Read More...

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Audit reform urgently needed to remedy “glacial” progress

Audit Audit reform urgently needed to remedy “glacial” progress

7m Sam Alberti

Audit reform urgently needed to remedy “glacial” p...

FRC audit quality scores reflect "unacceptable" performances from some firms and reinforce need for government reforms Read More...

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Audit must “dial up focus” to detect fraud more effectively

Audit Audit must “dial up focus” to detect fraud more effectively

7m Sam Alberti

Audit must “dial up focus” to detect fraud more ef...

While the responsibility of auditors is often misinterpreted, the capabilities of the profession must still improve, according to market participants ...

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UK audit reform: Key takeaways from the government’s extensive proposals

Audit UK audit reform: Key takeaways from the government’s extensive proposals

7m Paul Winrow

UK audit reform: Key takeaways from the government...

The UK government’s audit reform proposals aim to restore trust and corporate governance, but questions remain on how the proposed changes will be imp...

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Audit tech update: Engine B and Forecast

Audit Audit tech update: Engine B and Forecast

8m Tom Lemmon

Audit tech update: Engine B and Forecast

Accountancy Age’s monthly round-up of audit tech news, including new partnerships, product launches and people moves Read More...

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Industry urges government to address “fragile” public sector audit market

Audit Industry urges government to address “fragile” public sector audit market

8m Sam Alberti

Industry urges government to address “fragile” pub...

Market capacity is cited as the key concern by market participants Read More...

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The future of audit: Industry-wide commitment to innovation required to save profession’s reputation

Audit The future of audit: Industry-wide commitment to innovation required to save profession’s reputation

8m Becky Shields

The future of audit: Industry-wide commitment to i...

Auditors must harness innovation and develop analytics skills to save the profession’s reputation, says Becky Shields, head of digital transformation ...

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BEIS reforms can demonstrate "true value of audit”