All Audit, Reporting and Governance Authority articles

  • United Kingdom

    U.K. government proposals spell out Big Four breakup, new audit responsibilities


    The U.K. government has unveiled proposals designed to end the Big Four accounting firms’ dominance of the region’s audit market while also making companies and executives more directly accountable—and liable—for failures in corporate reporting.

  • United Kingdom

    Will U.K. mandate that Big Four separate audit units make a difference?


    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.

  • Search

    FRC: Auditors must look for fraud


    FRC CEO Stephen Haddrill confirmed that during the transition to the new statutory regulator, the Audit, Reporting and Governance Authority, the FRC will remain committed to tackling “deficiencies in audit and reporting quality vigorously.”

  • InternalAudit

    New, tough regulator to oversee U.K. audit


    The U.K. Financial Reporting Council will soon be replaced by a new regulator acting on recommendations from Sir John Kingman of the London Stock Exchange. The government hopes to ensure the United Kingdom going forward has “a world-class audit and accounting regulator.”