ICAEW has set out initial framework for how it will monitor compliance with the International Standard on Quality Management 1 (ISQM 1) rules set to come in this December
EY is to invest $1bn (£820,000) in its global audit business by integrating various audit related technologies into a single platform to improve data analysis and the user experience
MPs on the Public Accounts Committee have questioned Treasury officials about the lack of public sector auditors and failure to address late audits which has delayed the whole of government accounts
PwC has been handed a £3m fine for failures to correctly audit contract agreements for construction giant Galliford Try over a two-year period, resulting in a restatement of accounts
Big Four audit firm PwC has been fined £1.9m over poor audit work for FTSE 250 construction firm Kier for the financial year ended June 2017, relating to long-term contracts
Internal auditors are facing heightened risks and fraud threats after the difficulties of the pandemic which is changing their role and influence, says Matthew Weitz, associate managing director, Kroll
In this month’s exclusive Accountancy Daily CPD module we consider the key issues to consider when auditing materiality and how revisions to materiality can affect the audit
Changes to local audit will see the new audit regulator, the Audit Reporting and Governance Authority (ARGA), take responsibility for local council and health body audits
The Financial Reporting Council (FRC) will be given full oversight of auditors, removing the current framework whereby professional bodies are responsible for this
The long-awaited audit reforms will go ahead with the government finally setting out its vision for the profession with plans for shared audit, creation of a more powerful regulator and a move towards director accountability
Lizzie Morris ACA, audit and accounting writer at Croner-i, considers the auditor’s responsibility when undertaking audits of entities with an internal audit function
KPMG faces a multimillion pound fine from the audit regulator over the misconduct of former audit partner and staff for the audits of Carillion and Regenersis
Public Sector Audit Appointments (PSAA) has set up a dynamic purchasing system (DPS) that will provide a new route to procure audit services for bodies that have opted to join its national scheme
The government has pledged to go ahead with reform to the audit market with plans to release a draft bill covering a raft of reforms including managed shared audit outlined in the Queen's Speech
AIM listed Mattioli Woods plc, the specialist wealth and asset management business, has appointed Moore Kingston Smith LLP as group auditor for the financial year ending 31 May 2022