Irish ‘big four’ have no plans to separate audit and consultancy arms
UK regulator is imposing reforms on British accounting firms after a series of scandals but their branches here do not intend to follow suit
Reforms to separate out audit and consultancy services are not being considered by the “big four” accountancy firms in Ireland, the Business Post has learned.
The Financial Reporting Council (FRC), the UK’s audit regulator, has this week told accounting firms there that they have until 2024 to separate out their audit units from their consultancy business, but the Irish branches currently have no intention of following suit. The FRC has issued...
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