The report examines the impact of five themes: firm structure and operational model; leadership and culture; talent; technology; financial performance and service lines The ICAEW has published a report that explores the evolution of mid-tier accountancy firms following a survey of managing partners … Read More
A delay in creating a tougher British auditing regulator means the current watchdog is “sheriff of only half a county”, beholden to the goodwill of accountants for funding and data, lawmakers were told. After the collapse of builder Carillion, retailer … Read More
Few institutions wield as much influence and prestige in the history of accountancy as the Institute for Chartered Accountants in England and Wales (ICAEW). Established as a pioneering force in the realm of accountancy, the ICAEW has played an instrumental … Read More
The FRC is set to transition to the new Audit, Reporting and Governance Authority (ARGA) from April 2024 The UK government has long proposed reforms to the audit and corporate governance framework. Back in September 2020, Sir Tony Redmond’s Independent review into the oversight … Read More
Gen Z talent are more likely to put D&I at the forefront of their job search, with 76% of this age group rating it as a key factor in their choice of organisation Some 64% of UK finance professionals have … Read More
The Public Company Accounting Oversight Board urged companies and investors to pay greater attention to the findings of its annual inspections of audit firms The Big Four accounting firms have admitted hundreds of violations of regulations in the US that are designed to … Read More
Artificial intelligence has been identified as an emerging risk, with gaps in organisational preparedness and audit proficiency, according to new research from Protiviti. In partnership with The Institute of Internal Auditors (The IIA), Protiviti conducted its 11th Annual Global Technology … Read More
Post Office auditors should be questioned, MPs told MPs on the Business & Trade Committee questioned the bosses of Fujitsu and the Post Office, Lord Arbuthnot and lawyers at a hearing about the Post Office and Horizon compensation scheme. Witnesses … Read More
Richard Moriarty, CEO of the Financial Reporting Council (FRC) has defended the regulator’s investigations into audit firm misconduct saying ‘fear of enforcement sanctions’ will not make the regulator ‘disinterested’ In a robust defence of the FRC’s disciplinary actions, Moriarty refuted … Read More
Grant Thornton has reportedly been demoted from top tier of audit supervision after the accountancy firm cut its number of high profile clients, the Financial Times has reported. According to regulatory filings, the Financial Reporting Council industry watchdog moved the firm from “tier one” to … Read More