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My Audit Spot
- Aug 13, 2019
- 3 min
ASIC to name and shame the Big 4... finally!
I've previously wrote about the need for ASIC to take a much harder stance against the Big 4 and audit quality, so it was with great pleasure to read the Australian Financial Review and see that ASIC will now finally name and shame the Big 4. So why is it important that ASIC takes this approach? According to an article in the Australian Financial Review in January 2019, the Big 4 currently audit 95% of major listed companies on the Australian Stock Exchange (ASX). This is a h
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My Audit Spot
- Apr 10, 2019
- 7 min
Why the BEIS' "Future of Audit" report is a waste of paper.
On 2 April 2019, Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy (BEIS) Select Committee, presented the Committee's report "Future of Audit". To say the report is a disappointment would be a complete understatement. I should be clear. I support the need for change within the audit industry. It is evident, with the number of issues reported by the FRC (and more broadly, by regulators around the world), that change is needed within the audit industry. Th
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