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”

Audit BEIS reforms can demonstrate "true value of audit”

8m Sam Alberti

BEIS reforms can demonstrate "true value of audit”

Recent data shows the level of scepticism of audit among business owners Read More...

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ICAEW and ACCA slam BEIS plans for new professional body for corporate auditors

Audit ICAEW and ACCA slam BEIS plans for new professional body for corporate auditors

9m Sam Alberti

ICAEW and ACCA slam BEIS plans for new professiona...

"We do not see it as being necessary or desirable" Read More...

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BEIS audit reforms could bear “huge” unintended consequences, market warns

Audit BEIS audit reforms could bear “huge” unintended consequences, market warns

9m Sam Alberti

BEIS audit reforms could bear “huge” unintended co...

Sources say the government must find more balance and focus Read More...

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Audit tech update: Moore Cayman and Engine B

Audit Audit tech update: Moore Cayman and Engine B

9m Tom Lemmon

Audit tech update: Moore Cayman and Engine B

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

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Head of FRC says managed shared audit might not be possible

Audit Head of FRC says managed shared audit might not be possible

9m Tom Lemmon

Head of FRC says managed shared audit might not be...

Proposals on auditing the UK’s largest firms lack sufficient stakeholder support, says Financial Reporting Council CEO Sir Jon Thompson Read More...

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FTSE firms call for audit reform delay

Audit FTSE firms call for audit reform delay

10m Tom Lemmon

FTSE firms call for audit reform delay

Survey reveals over two-thirds want to delay implementing reform by two years Read More...

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‘Tick-box’ fears over FRC’s revised auditing standard on fraud

Audit ‘Tick-box’ fears over FRC’s revised auditing standard on fraud

10m Tom Lemmon

‘Tick-box’ fears over FRC’s revised auditing stand...

FRC’s revised ISA (UK) 240 standard draws mixed response Read More...

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Report: Auditors concerned over “market-wide capacity issue”

Audit Report: Auditors concerned over “market-wide capacity issue”

10m Aoife Morgan

Report: Auditors concerned over “market-wide capac...

“The resources that ARGA will require are just enormous” Read More...

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Audit tech updates: Emburse, Engine B and Confirmation

Audit Audit tech updates: Emburse, Engine B and Confirmation

10m Tom Lemmon

Audit tech updates: Emburse, Engine B and Confirma...

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 torn over audit sector criticism

Audit Industry torn over audit sector criticism

11m Sam Alberti

Industry torn over audit sector criticism

The sector is "failing society", according to one source Read More...

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Audit tech update: IBM update Watson and Circit add new functionality

Audit Audit tech update: IBM update Watson and Circit add new functionality

11m Tom Lemmon

Audit tech update: IBM update Watson and Circit ad...

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

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UK rulemakers cautioned over Sarbanes-Oxley style reform model

Audit UK rulemakers cautioned over Sarbanes-Oxley style reform model

12m Sam Alberti

UK rulemakers cautioned over Sarbanes-Oxley style ...

Mixed reaction greets audit reform proposals Read More...

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Audit tech update: Wolters Kluwer and Engine B

Accounting Software Audit tech update: Wolters Kluwer and Engine B

1y Tom Lemmon

Audit tech update: Wolters Kluwer and Engine B

Monthly updates on the standout developments in the audit tech space Read More...

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Sir Martin Sorrell: Reforms contradict policy

Audit Sir Martin Sorrell: Reforms contradict policy

1y Tom Lemmon

Sir Martin Sorrell: Reforms contradict policy

Former CEO of FTSE 100 company WPP concerned reforms may discourage listing in the UK Read More...

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