Tag Archives: CMA
CMA Report on UK Audit Released
SHARE: In its April final report on the “statutory audit services market,” the United Kingdom’s Competition & Markets Authority (CMA) offers four main recommendations, plus a few others for the new regulator to consider. These come a month after UK Business Secretary Greg Clark announced the Financial Reporting Council (FRC), which oversees the accounting profession,…
UK Profession Scrutinized
SHARE: The United Kingdom has named Donald Brydon, retiring chairman of the London Stock Exchange Group, to head a government-commissioned study of the audit market. The new group was announced just after three reports on the topic were released in mid-December: “Reforming the Auditing Industry” commissioned by the Shadow Chancellor of the Exchequer, John McDonnell,…