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 UK Government has scrapped its long-anticipated Audit and Corporate Governance Reform Bill, concluding that the planned ...
The UK government has been urged to rethink its decision to abandon long-anticipated reform of the audit profession.
Plans to advance the Audit Reform Bill have officially been scrapped, with the announcement dealing a massive blow to those hoping to see improvements.
The government has announced it will not proceed with the Audit and Corporate Governance Reform Bill, which has been called ...
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 ...
(Reuters) - Britain's accounting watchdog is investigating Grant Thornton UK's audit of cafe chain owner Patisserie's (CAKEP.L) financial statements for 2015-2017, the latest evidence of increased ...