Battle lines drawn over audit profession s role in fraud detection accountancyage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountancyage.com Daily Mail and Mail on Sunday newspapers.
The government is set to expand the definition of public interest entities, bringing as many as 600 new companies under the new classification. There remain concerns, however, about the government’s approach.
Following the government’s response to the consultation on restoring trust in audit and corporate governance, firms currently auditing PIEs will need to be included on the FRC’s PIE Audit Register.
Some audit committee chairs are struggling to distinguish between a good quality audit and a good quality of service from an auditor, new research has found.
As the consultation on a proposed international auditing standard for the audit of ‘less complex entities’ (ISA for LCE) draws to a close, it’s time to make the case for why it’s needed.