STOP PRESS!
NEED TO ADDRESS NON-AUDIT SERVICES?
"The timing of the non-audit service cap is now clear: the 3 year measuring period only begins for the first financial year commencing after 15/6/2016 and is only measured once 3 financial years are complete, so it will only bite in 2019 or 2020 for most companies. The FTSE100 seem to have got this under control and are anyway down to 30% NAS as % of audit. However we’re convinced that the FTSE250 haven't got their minds around this and need some help: this is not primarily an audit issue but affects all professional services procurement from accounting firms".

Articles

Governance article 09-2014 Lawrence Reed & David YoungNAS: the new nightmare
PUBLISHED ARTICLE

September 2014 - © Governance Publishing
Author: Lawrence Reed and David Young - PDF 609KB

David Young and Lawrence Reed look at the implications of the recent EU regulations on Non-Audit Services (NAS) which companies and their auditors need to have regard to well before the regulations
come into force



Governance article 05-2014 Lawrence ReedMateriality - a new era of transparency and scrutiny
PUBLISHED ARTICLE

May 2014 - © Governance Publishing
Author: Lawrence Reed - PDF 488KB

Lawrence Reed considers new audit report disclosure requirements which call for more transparency from external auditors as to how they go about setting levels of materiality



Governance article 08-2015 Lawrence ReedNew Audit report disclosures
PUBLISHED ARTICLE

August 2014 - © Governance Publishing
Author: Lawrence Reed - PDF 142KB

Lawrence Reed takes a look at some potential impacts of new disclosures set out in the FRC’s revision to ISA 700

 



Governance article 02-2013 Lawrence ReedStatutory audits - a divergence in views
PUBLISHED ARTICLE


February 2013 - © Governance Publishing
Author: Lawrence Reed - PDF 109KB

Lawrence Reed looks at recent research undertaken by the Competition Commission, the differences in opinion between FDs and Audit Committee Chairmen it brings to light and asks what impact this is likely to have on the audit of the future.



Governance article 09-2012 Lawrence ReedExternal audit tendering
PUBLISHED ARTICLE

September 2012 - © Governance Publishing
Author: Audit Review - PDF 162KB

Lawrence Reed looks at critical factors for a successful external audit tender