The Financial Reporting Council has today published the results of its annual audit quality inspections, including inspection reports for the six largest audit firms: see here. No overall change in audit quality is reported, with 81% of FTSE350 audits reviewed classified as requiring no more than limited improvements (against a target of 90%).
Thursday, 15 June 2017
UK: FRC reports on audit quality
The Financial Reporting Council has today published the results of its annual audit quality inspections, including inspection reports for the six largest audit firms: see here. No overall change in audit quality is reported, with 81% of FTSE350 audits reviewed classified as requiring no more than limited improvements (against a target of 90%).
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