The UK Financial Reporting Council (FRC) has formally opened an investigation into Ernst & Young LLP’s statutory audit of Shell plc’s consolidated financial statements for the year ended December 31, ...

Simply sign up to the UK companies myFT Digest -- delivered directly to your inbox. A lack of competition in Britain’s audit market and a regulatory drive for better quality have pushed up fees for ...

The reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and continuous assurance, shifting the auditor's role ...

I must confess that I have a particular interest in regulation: how to do it badly or well; how to use it to steer an economy; and why we spend so much time talking about how much there is rather than ...

The Financial Reporting Council (FRC) has released new research highlighting significant barriers faced by audit firms seeking to compete and grow in the UK audit market. The regulator aims to foster ...