Aron Kleiman, head of audit and accounts at Wilson Wright LLP, explains why the requirements of ISQM (UK) 2 apply to all firms, not just the largest ones
John Selwood ACA looks at the key changes to ISA (UK) 240 for auditors and takes a deep dive into what can go wrong on an audit with regards to fraud and how to avoid these issues
The US regulator has banned the head of UK audit firm Crowe and lead audit partner from US audit work after significant audit misconduct related to music streamer, Akazoo
The value of audit fees paid by the UK’s 500 biggest businesses has risen 14% over the last year while a staff shortage and increased scrutiny raises costs
In this month’s exclusive Accountancy Daily CPD learning module, find out about the key changes to ISA (UK) 600 auditing standard including use of component auditors and group statements
The accountancy profession is struggling to hire experienced auditors and new talent, as salary pressures and excessive workloads are felt across the board
The UK Health Security Agency (UKHSA) has been criticised in a report by the Public Accounts Committee (PAC) for its inability to account for £3.3bn worth of test and trace inventory
All the Grant Thornton audits inspected in this year’s AQI were judged to require no more than limited improvements, but the mid-tier firm will be relegated to Tier 2 in the audit inspection process as its share of listed audit business has dropped
EY made overall improvements in the quality of its audit work this year, but revenue recognition and management challenges still need to be tackled as well as workload
Deloitte improved the quality of audit work across the board with no audits requiring significant improvements although there were some issues related to revenue recognition in the annual audit quality inspection (AQI) cycle
The Big Four firm highighted 'serious concerns' regarding the financial management at Nottingham City Council, after millions of pounds in housing cash was misspent
The Big Four firm is set to limit pay and bonus hikes, and even implement potential freezes, for around 25,000 staff members in the UK as a result of 'challenging market conditions'
