UK: Auditing - Transparency Reporting by the Largest UK Audit Firms: POB Commentary

The Professional Oversight Board has published Transparency Reporting by the Largest UK Audit Firms: Commentary on 2008 Reports. The POB's commentary explains that seven of the ten largest UK audit firms published transparency reports for 2007/08 on a voluntary basis, ahead of the mandatory requirement to do so. The commentary provides analysis of the reports, suggests improvements and identifies points for firms to consider in the preparation of their 2009 reports.

The seven firms publishing transparency reports were (the links are to the reports): BDO Stoy Hayward LLP, Deloitte & Touche LLP, Ernst & Young LLP, Grant Thornton UK LLP, KPMG LLP, Mazars LLP and PricewaterhouseCoopers LLP.