FRC publishes what makes a good environment for auditor scepticism & more…Keep up with what has been happening  in our latest accountancy news round-up…

EY split threatens to weaken both sides of firm, say retired partners

Memo with more than 150 signatories questions leadership of global chief executive Carmine Di Sibio.

New Acquisition Reinforces Carston’s Position as Largest Independent Practice in Cardiff

Carston Chartered Accountants, the Cardiff-based accountancy firm, is pleased to announce its acquisition of Davies Williams, an established practice specialising in small to medium-sized businesses in the legal and medical sectors.

Capital markets team added to Birmingham by PwC

PwC has created a capital markets, account advisory and structuring (CMAS) team in its Birmingham base – the first time this team has been located outside of London.

FRC publishes what makes a good environment for auditor scepticism and challenge

A critical attribute of an auditor’s mindset and behaviour is exercising professional scepticism and challenge when performing audits. The most significant quality issues identified by the FRC over a number of years involve the inconsistent application of professional scepticism and challenge, resulting in the poor application of professional judgement. The report will be of particular interest to audit firms, audit committee chairs and those with an interest in audit quality.

Accountants are still in demand in this age of technology

In the ever-advancing digital world, it is not uncommon for people to assume that their jobs may be replaced by future technologies like artificial intelligence (AI).