- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The latest recommendation to break up the Big Four accountancy firms from the two parliamentary committees investigating the collapse of construction firm Carillion is hardly a new idea, but is it possible?
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The FRC hopes its demand that the Big Four isolate their audit units from their other businesses by 2024 will improve their ethical behavior … but some are skeptical.
Noting that a number of U.S. headquartered banks are due to rotate their U.K. subsidiary auditor soon, the FRC said this would result in the group auditor in the U.S., which is not required to rotate, being different from the U.K. subsidiary auditor. What then?
An in-depth look at responses to the Competition and Markets Authority proposals to reform the U.K. audit market.
