Long-awaited reforms to the U.K. audit regime have been "scrapped" from the government's legislative plans. The decision has led to an outburst of disappointment and frustration from audit bodies and ...

The Reform Bill would have redefined public interest entities and created a new, more powerful regulator.

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, ...

FRC investigation notices usually name the auditor, client and period, which is often enough to deduce the engagement partner ...