“There are indications that audit quality is being challenged by changing market conditions with an unprecedented movement of complex audits from larger to smaller firms which is requiring those smaller firms to move quickly to upscale their risk and quality … Read More
It comes following reports earlier this summer that CVC Capital Partners, the private equity backer of Six Nations Rugby reportedly held discussion with the firm over acquiring UK and Irish affiliates Swedish global investment firm EQT has reportedly joined the … Read More
The FRC’s report, which was published today, showed that the overall quality of audits has improved as 74% of firms were categorised as good or requiring limited improvement The ICAEW has renewed calls to establish ARGA as a new regulator whilst welcoming … Read More
Advancetrack’s Accounting Talent Index survey found three-quarters of the firms reported partner hours had increased, with 42% of cases showing an increase of more than 20%, or an extra day per week Almost 90% of worldwide professionals have stated that … Read More
Audit reform looks like it could finally take a step forward after being included in the King’s Speech. A long-waited commitment to audit and corporate governance reforms has been included in the King’s Speech. More than 35 bills and draft … Read More
The possibility of swift progress on audit reform will be keenly watched as the Department for Business has already posted an update to guidance Audit reform is now under the remit of the new secretary of state for business, Jonathan … Read More
Increasingly complex tax rules are creating a surge in vacancies for tax trained specialists across the UK with demand up 40% this year Vacancies in personal tax have seen the greatest surge, with a five fold increase in the monthly … Read More
US-based firms Aprio, PKF O’Connor Davies, Carr, Riggs and Ingram, and Armanino are all planning to sell stake Ten of the 30 largest accountancy groups in the US could soon be owned by private equity groups, the Financial Times has revealed. … Read More
Almost half (45%) of firms are being “severely” or “significantly” affected by skills shortages and a total of 74% of respondents said that compared with three years ago, the shortages have got significantly worse. A new global accountancy report has … Read More
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