Audit regulation

Auditor appointments: ShareSoc+UKSA write to Minister Greg Clark

Today 18 Feb 2019, ShareSoc & UKSA have written to The Rt Hon Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy. We made three key points: Appointment of auditors by a third party with the relevant skills and expertise would, once and for all, break the current link of excessive dependency between auditors and those they audit. If, on a trial basis, the Regulator started by managing the appointment of auditors for FTSE 100 companies this would ...

Auditor Regulation and the dozy watchdogs

The Government has published a public consultation on Auditor Regulation. This is a discussion document in response to the requirements of a new European Directive on Audit, and your responses are invited. It's available here: https://www.gov.uk/government/consultations/auditor-regulation-effects-of-the-eu-and-wider-reforms although those who do not have a professional interest in the subject may find it heavy going. But it's worth repeating the first paragraph which is: "Effective financial reporting underpins the development of the best businesses - those that others are willing to invest in and ...