Accounting & Finance

21 January 2022

What will 2022 bring for audit and accountancy regulation?

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. 

Julie Matheson

17 November 2021

The FRC’s What Makes a Good Audit? report is timely as the audit regulatory landscape readies itself for change

The FRC has published a new paper aimed at audit firms and audit stakeholders containing best practice principles concerning how a good audit should be conducted and the elements indicative of a high performing audit practice.

Julie Matheson

5 August 2021

The FRC’s Annual Enforcement Review 2021: key trends and future concerns

The Financial Reporting Council (the ‘FRC’) has published its Annual Enforcement Review 2021 (the ‘review’). We highlight the key trends in relation to the Enforcement Division’s activities during the past year, observations in relation to the FRC’s adoption of constructive engagement as a means of early resolution of matters, trends regarding sanctions imposed by the FRC, and priority areas of concern identified by the FRC, which are likely to impact its enforcement work over the coming year.

Julie Matheson

1 March 2021

Audit reviews: the process, pitfalls and published themes – a focus on FRC Audit Quality Reviews

In the second blog of our audit series, Julie Matheson and Sarah Harris discuss the FRC’s recent Audit Quality Inspection report, describe how the FRC uses its powers to uphold audit quality and provide some tips on what to do if the FRC opines that one of your firm’s audits needs more than limited improvements.

Julie Matheson

2 February 2021

The EU-UK Trade and Cooperation Agreement – can UK qualified accountants still work in the EU?

Julie Matheson and Lucinda Soon consider the implications of the EU-UK Trade and Cooperation Agreement on UK accountants providing services in the EU. 

Julie Matheson

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