A British MEP has criticised the “ostrich mind-set” of the Big Four firms in response to European Commission proposals to improve the audit market.

Big Four firm KPMG, plus individual members of the ICAEW and CIMA, are being investigated for their conduct of audits into Lloyd's Syndicate 218, the underwriting group behind the UK’s fifth larges

The Auditing Practices Board (APB) recently published its compendium, ‘Standards and Guidance 2012’, which sets out amendments to ethical standards that were issued in December 2011.

Can anyone clear up the following for me?


With the audit season kicking off for December 2011 year-ends, Steve Collings looks at some of the most commonly asked questions about clarified International Standar

David Cameron set the tone for the year when he told entrepreneurs at the launch of the 


My friend has recently joined a small business in London that has previously made use of the small companies audit exemption, but now wants to opt in.


Demand for audit update courses is falling, notes financial reporting lecturer and AccountingWEB correspondent Steve Collings.


The European Union has put forward a range of softer than expected proposals to inject more competition into the Big Four-dominated audit market.

The head of the UK's financial reporting watchdog warned that European Commission proposals to introduce mandatory joint audits and rotation of auditors risk “damaging” audit and making it more exp