Accounting Standards

ICAEW hits back at claims of declining audit quality

The Audit Reform Lab, which is part of the University of Sheffield, didn’t ‘sufficiently’ highlight the role of government

The ICAEW has reported that audit quality has increased since the 2018 collapse of Carillion, in response to fresh analysis that criticised audit firms for failing to issue warnings before three out of four major UK corporate collapses since 2010.   

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