Data security breaches are an everyday occurrence; but, not all of them make the headlines.

As audit firms get into gear to plan their December 2013 year-end audits, Steve Collings takes a look at 10 of the most common pitfalls flagged up by file reviewer


During the early part of this century UK and Ireland auditing standards were replaced by International Standards on Auditing (ISAs).


Audit firms with academies as their clients will be turning their attention to the 2013 audits and undoubtedly digesting the content of the latest

FTSE 100 asset management company Schroders has ditched PwC as its auditor in favour of KPMG, ending a half-century relationship with the firm.

Big Four firm PwC is in the spotlight again over its audit of RSM Tenon during a turbulent period for the listed accountancy firm.


Listed energy company APR Energy was forced to issue a statement after failing to get its audited accounts done in time, causing a slump in its share price by 20%.

Medical staffing company Healthcare Locums (HCL) has cleared out its team of professional advisers to make way for a new

European business ministers have agreed to cut ‘micro-entities’ red tape, excusing the smallest firms from the burden of certain accounting obligations.


So, once again, the audit profession has hit the headlines and, once again, for the wrong reasons.