FRC chief to stand down amid "pivotal" time for audit reform
Sir Jon Thompson’s resignation as CEO of the FRC poses a further threat to the momentum of audit and corporate governance reform in the UK
Source: accountancyage.com
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Professional scepticism remains point of concern
A lack of professional scepticism has come to be a recurring finding in auditing inspections all around the globe.
FRC confirms overhaul of UK corporate governance code
A “long-awaited” shakeup of the UK corporate governance code will be enacted in a bid to strengthen director accountability
Source: accountancyage.com
Blunted audit reforms risk "pick 'n' mix approach" to reporting
The UK government has been criticised for watering down proposals to reform audit and coroporate governance
Source: accountancyage.com
Focusing on turnover "unwise" despite record year for accounting firms
Accounting firms must avoid a tunnel-visioned perspective after recording-breaking industry turnover and continue to focus on sound management
Source: accountancyage.com