7 in 10 people want to see audit evolve

Most people think the audit industry should evolve in a way that will prevent company failures, research has revealed. The Association of Chartered Certified Accountants (ACCA) surveyed 11,000 people across 11 countries, and found that 70% would like to see audit...

Audit industry shake-up gathers momentum

The Competition and Markets Authority (CMA) has thrown its weight behind MPs who have called for a break-up of audit and consultancy services. Earlier this month, the Business, Energy and Industrial Strategy Committee highlighted a conflict of interest between audit...

MPs call for ‘structural break-up’ of Big Four

The UK's largest accountancy firms should be split into audit and non-audit businesses, according to recommendations from a Government committee. The Business, Energy and Industrial Strategy (BEIS) Committee published a report highlighting a potential conflict of...

50% of SMEs not ready for Making Tax Digital

Half of small businesses are still not ready to comply with Making Tax Digital (MTD) for VAT, with just three weeks to go before it comes into effect on 1 April 2019. The Federation of Small Businesses (FSB) surveyed 746 VAT-registered small businesses and found that...