Inquiry into audit

A series of high-profile corporate failures highlighted the need for fundamental change and resulted in the launch of various independent reviews into reforming the audit market. These include Sir John Kingman’s reviews into the Financial Reporting Council; the CMA Market Study into the audit market; the BEIS Select Committee Inquiry into The Future Of Audit; and Sir Donald Brydon’s review into the quality and effectiveness of standards.

Secretary of State for BEIS, Andrea Leadsom MP shares her views on audit reform

Timeline

This timeline identifies the key events which have taken place since the collapse of Carillion in January 2018.

Audit reforms in the UK

Join Dr Nigel Sleigh-Johnson, Head of Financial Reporting, Audit and Assurance as he discusses the ongoing inquiries into audit in the UK.

International perspectives

We highlight some of the debates and reviews on audit that are occurring internationally.

Review breakdown

Read the various reviews that have been launched since January 2018 as well as ICAEW's responses.

Brydon submission

ICAEW has responded to Sir Donald Brydon’s Call for Views to inform his Independent Review into the quality and effectiveness of audit.

Kingman submission

ICAEW has responded to the initial consultation by BEIS on the recommendations of the Kingman Report

CMA Submission

ICAEW has responded to BEIS initial consultation on the CMA’s Market Study of the statutory audit market.

Audit Quality Forum

Initiatives taken around audit quality in 2018 and onwards have a long history, and are embedded in the work of the AQF.

The future of audit

The Audit and Assurance Faculty Thought Leadership programme intends to influence the debate with a series of papers.

Audit and Assurance Faculty

Find out more about the Audit & Assurance Faculty.

Future events and webinars

See all our upcoming events

Past events

Sir Donald Brydon's ICAEW conference speech | 04 October 2019

Read Sir Donald Brydon's speech from the recent Audit and Assurance Faculty conference.

Audit reform in the UK | 24 April 2019

Dr Nigel Sleigh-Johnson, Head of Financial Reporting, Audit and Assurance, discusses the ongoing inquiries into audit in the UK

Keynote speech 2 April 2019: Rachel Reeves MP

Report into the future of audit at Chartered Accountants Hall