The UK’s audit regulator, the Financial Reporting Council, has presented its latest assessment of auditing quality. And it’s not a pretty picture. Just three-quarters of FTSE 350 audits the FRC inspected last year were either good or needed only trivial improvements. That means a full 25 per cent were smothered in red ink.
The UK’s audit regulator, the Financial Reporting Council, has presented its latest assessment of auditing quality. And it’s not a pretty picture. Just three-quarters of FTSE 350 audits the FRC inspected last year were either good or needed only trivial improvements. That means a full 25 per cent were smothered in red ink.
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