5 November 2018

FRC strategic review 2018: Developments in Audit

The high profile collapses of companies such as Carillion and BHS have reignited the debate about the effectiveness of statutory audit. In the FRC’s recently published report, Developments in Audit, the FRC grapples, not for the first time, with how to ensure that audit properly serves the public interest. Auditors can expect some pretty radical changes.

Julie Norris

18 June 2018

FRC fines - more of an issue for audit firms than the threat of civil litigation?

Earlier last week, the Financial Reporting Council (FRC) announced that it had sanctioned PriceWaterhouseCoopers (PwC), and its audit partner Steve Denison, in relation to the 2014 audits of BHS and the Taveta Group (Taveta), following an investigation under the FRC’s Accountancy Scheme.

Julie Matheson

11 April 2018

Will Grant Thornton be the catalyst for change in the audit market?

Grant Thornton last week announced that it has decided to opt out of bidding for audit work for FTSE 350 companies, in a move that could ultimately cause a seismic shift in the audit market.

Julie Matheson

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