Global Auditors To Face Tougher UK Regime, Regulator Warns
Law360, London (March 4, 2019, 5:13 PM GMT) -- International auditing giants could be made to conduct tougher checks on whether their British clients are able to stay afloat following concerns about the “quality and rigor” of their scrutiny, Britain’s accountancy regulator said on Monday.
The Financial Reporting Council warned that auditors could face requirements that are “significantly stronger than those required by international standards” as it prepares to tighten the regulatory framework governing the sector.
The watchdog said it wants to strengthen checks on whether a client's business is a “going concern.” It plans to clamp down on the sector after some auditing companies failed to raise the alarm...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!