The Financial Reporting Council (FRC) has issued the minimum standards of conduct for audit committees within the FTSE 350 to help contribute to a more robust audit market
EY has made a move into tech tools with the launch of EY Virtual Internal Auditor (VIA), a digital platform which provides an overview of an organisation’s risks across their audit processes
The Financial Reporting Council (FRC) plans to overhaul the Corporate Governance Code, introduce fraud reporting duties for directors and update the ethics standard for auditors
The delay to the publication of a timetable for audit reform has forced the Chartered Institute of Internal Auditors to write to the Prime Minister calling for urgent action
The Financial Reporting Council (FRC) is consulting on proposals to extend access to key audit partners working in local audit, changing the rules of entry, to increase competition
The Financial Reporting Council (FRC) has launched an investigation into HW Fisher's audit of Liberty Commodities which is part of metal tycoons Sanjeev Gupta’s GFG Alliance
The Public Accounts Committee is warning that local government funding is creating a ‘real risk’ due to a lack of funding that will only ‘allow local government to stand still’ while its failure to complete audits on time is making the situation worse
Kate Beeston ACA and Helen MacNeill FCA set out the key issues for 2021 year-end audits, which includes the continued impact of Covid-19, accounting estimates and future audit developments, including ISQM (UK) 1
Seismic shifts in the audit and accountancy regulatory landscape were set in motion last year, which are expected to continue to take shape and impact the sector during 2022 explain Julie Matheson, partner, and Lucinda Soon, lawyer in the regulatory team for accounting services at law firm Kingsley Napley LLP