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Lauren Evans
This blog contains a Press Round-Up: Regulatory and Professional Discipline for December 2025.
A recent Deloitte Australia AI mishap underscores the risks of reliance on Generative AI tools and should be a warning light for accountants in light of new AI usage requirements in the ICAEW Code of Ethics.
There was a good deal of surprise last week when the government announced that lawyers, accountants and company service providers will in future be supervised by the FCA for money laundering purposes.
The Financial Reporting Council (FRC) has launched a consultation on proposed reforms to its Audit Enforcement Procedure (AEP), aiming to introduce greater flexibility and proportionality in how audit concerns are addressed. Since its inception, the AEP has faced criticism, particularly from mid-tier firms, for its limited adaptability to cases of varying complexity and seriousness. These concerns have been especially pronounced among firms encouraged by the FRC to enter the Public Interest Entity (PIE) audit market to foster competition.
Here is the press round-up in the Regulatory and Professional Discipline sector covering the following dates: August and September 2025
Lauren Evans
Roberta Draper
Christopher Perrin
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