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Accounting & Finance

21 December 2018

CMA and Kingman confirm sea-change for the audit sector

In November of this year we blogged on the Financial Reporting Council’s (‘FRC’) recently published report ‘Developments in Audit’ and highlighted that the FRC’s review was running in parallel with the Competition and Markets Authority (‘CMA’) review of the sector. As we reported, such extensive review has been triggered following the high-profile collapses of companies such as Carillion and BHS.

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

19 October 2018

#MeToo one year on: can we expect regulatory guidance soon?

This week marks the first anniversary of the start of #metoo movement. The last 12 months have seen a seemingly unabaiting global conversation about the rising number of reports of sexual harassment, both inside and outside the workplace. Julie Norris and Charlotte Judd discuss sexual harassment in the workplace and firms’ regulatory obligations, calling for better #metoo related guidance from accounting regulators.

Julie Norris

19 April 2018

First time offenders avoid exclusion in ICAEW disciplinary hearing

In a decision published this month, ICAEW member firm Butterworth Barlow Ltd and its Directors, Gavin Butterworth and Barry Barlow, were given severe reprimands and fines following an ICAEW disciplinary hearing earlier this year.

18 April 2018

A new international ethical compass for regulated accountants

Last week The International Ethics Standards Board for Accountants® (IESBA®) released a new Code of Ethics for professional accountants. The IESBA is the global independent standard-setting body that sets ethical standards, including auditor independence requirements for professional accountants. IESBA is one of the standard setting boards of the International Federation of Accountants (IFAC). IFAC is a global body for the accountancy profession which aims to strengthen the profession and contribute to the development of strong international economies.  

Julie Matheson

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