New rules that will exempt more than 100,000 small companies from the requirement to have an audit may raise tax issues, Baker Tilly warned.


The government will press ahead with its plan to align mandatory audit thresholds with accounting thresholds for small companies from 1 October.


An investigation into the UK audit market by the Competition Commission has shed some light on the usually discreet relationship between investors and audit firms.

Audit inspectors frequently complain about firms that undertake audit work which falls short of acceptable benchmarks, explains Steve Collings.

The Competition Commission has published a batch of documents in relation to the statutory audit services market investigation.

The UK’s sixth largest audit firm BDO is reported to have agreed a deal in principle to acquire rival firm PKF.


The FRC’s Accountancy and Actuarial Discipline Board (AADB) has revealed it will finally investigate PwC’s role as auditor of RSM Tenon.


I have two former holding companies within our UK group of companies.


I have a client who owns a group of four companies described below.


Company A.

Holding company.

No bank account, no transactions.


Company B.


As a follow-up to his article on audit completion, St