Pensions Regulator targets non-compliant employers

Employers who are failing to meet their auto-enrolment obligations are being targeted with mandatory short-notice inspections by The Pensions Regulator (TPR). From 15 May 2019, and continuing through the summer, TPR will use data to detect employers who are suspected...

7 in 10 people want to see audit evolve

Most people think the audit industry should evolve in a way that will prevent company failures, research has revealed. The Association of Chartered Certified Accountants (ACCA) surveyed 11,000 people across 11 countries, and found that 70% would like to see audit...

Audit industry shake-up gathers momentum

The Competition and Markets Authority (CMA) has thrown its weight behind MPs who have called for a break-up of audit and consultancy services. Earlier this month, the Business, Energy and Industrial Strategy Committee highlighted a conflict of interest between audit...

Government contractors urged to pay suppliers on time

Businesses have been warned they could be prevented from winning government contracts if they do not pay their suppliers on time. The Government has sent letters to more than 10,000 businesses to warn them about new rules on prompt payments to their suppliers, which...

MPs call for ‘structural break-up’ of Big Four

The UK's largest accountancy firms should be split into audit and non-audit businesses, according to recommendations from a Government committee. The Business, Energy and Industrial Strategy (BEIS) Committee published a report highlighting a potential conflict of...