Which top firms need to improve audit practice?

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The Financial Reporting Council (FRC)has conducted research into the top six accounting firms’ audit quality, looking at PwC, Deloitte, EY, KPMG, Grant Thornton and BDO. The firm found thatquality of FTSE 350 audits is steadily improving, with 81% requiring only limited improvements –although the level of quality was lower for smaller firms. Results The firms…

Accountancy Europe says EC tax intermediary proposal can support better tax transparency, but can be improved

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Accountancy Europe finds the Directive on tax intermediariesthe European Commission proposed yesterday a positive step to enhancing transparency and public trust. CEO Olivier Boutellis-Taft notes: “Professional accountants provide transparency to markets participants and ultimately support trust in society. This proposed Directive contributes to such transparency, so, subject to more analysis, overall we’re comfortable with it.…