FRC opts for “comply or explain” on audit tendering The FRC has backed away from introducing a mandatory audit tender requirement for companies
Research raises questions over mandatory audit rotation Research suggests that long-lasting relationships between auditors and clients do not damage independence
Bank audit process must be more open The lack of transparency in the bank audit process has ‘damaged public confidence’
POB publishes proposals on audit monitoring The Professional Oversight Board has published its proposals on the external monitoring of auditors
Extending clarified reporting ISAs to Ireland The APB has issued a consultative document to enable auditors in Ireland to use its clarified reporting ISAs
E&Y fined $2m over audit errors American accounting regulator the PCAOB has fined Ernst & Young $2m over audit errors
EU Commission gives evidence at Lords The EC is taken to task over its proposals for the audit market at the House of Lords
