One in five medium-sized accounting firms reckon that about half of their clients will decide not to have an annual audit after the turnover threshold for having an audit is increased in 2015,
In many companies, internal audit is often seen as a necessary evil – a group that other departments will cooperate with because they have to, rather than being se
KPMG will soon publish a review of its audit of Irish Nationwide Building Society after the mutual had to be nationalised in 2010 because of multi-billion pound losses.
Eight large retailers have agreed a time limit on forensic audits that are used to check if suppliers owe them money.
Audit firms have until the end of the year to stop providing tax services based on how much money they save their client, the Financial Reporting Council (FRC) has said.
FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, is considered to be the most significant change in financial reporting for
A proposal to abolish the requirement for law firms to pay for an annual accountant’s report could save law firms £30m a year, but disputes over clients' finances may offset any savings, accoun
An accountant has succeeded in an appeal to get his ICAEW disciplinary sanctions for breaching audit regulations reduced.