Top 75 firms

Audit | AQI 2016: EY must tighten up audit of revenue recognition and partner independence

Failings in the quality of risk assessment into revenue recognition issues and reporting lapses over potential conflicts of interest and partner independence continue to be an issue at EY although the firm has improved its overall quality of audit in this year’s Audit Quality Inspection (AQI) report from the Financial Reporting Council (FRC)