The UK’s Financial Reporting Council (FRC), the regulatory watchdog for the accounting industry, has set a deadline of June 2024 for the Big Four accounting firms to separate audit practices from the ...

The Financial Reporting Council (FRC) has released new research highlighting significant barriers faced by audit firms seeking to compete and grow in the UK audit market. The regulator aims to foster ...

I must confess that I have a particular interest in regulation: how to do it badly or well; how to use it to steer an economy; and why we spend so much time talking about how much there is rather than ...

The reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and continuous assurance, shifting the auditor's role ...