Audit is still the bedrock for most accountancy firms – for SMEs,
multinationals and other FTSE-listed companies. Internal audit is
growing as a service line too
The Big Four accounting firms have received a timely boost in their campaign for protection against catastrophic negligence claims, after an influential US business group signalled its support.
UK auditors of US-listed companies will be able to avoid registering with the US's fledgling accountancy regulator until April next year, the watchdog has confirmed.
By uncovering a few hundred tiny errors, an accounts payable auditor could save you the odd million quid. That kind of money may be immarterial come your year end - but the benefits of the auditor's analysis could stay with you for years to come.
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