Ministers believe bill is not best use of legislative time and will instead press on with modernising corporate reporting ...
International Accounting Bulletin on MSN

UK scraps audit and governance reforms over cost concerns

The Reform Bill would have redefined public interest entities and created a new, more powerful regulator.
The UK government has been urged to rethink its decision to abandon long-anticipated reform of the audit profession.
Scrapping the bill is the wrong decision, according to Caroline Escott, chair of the pension fund-backed Governance for ...
International Accounting Bulletin on MSN

UK audit companies urge FRC to stop public probe announcements

FRC investigation notices usually name the auditor, client and period, which is often enough to deduce the engagement partner ...
Explore the 2026 Practice Growth Benchmark and the rising impact of Private Equity on UK audit and accounting firms.
The UK Financial Reporting Council (FRC) has formally opened an investigation into Ernst & Young LLP’s statutory audit of Shell plc’s consolidated financial statements for the year ended December 31, ...