Michael Kapoor

UK mid-sized firms have continued to increase their share of big listed company audits over recent years, although they remain locked out of the very largest audits, according to a new report.

Companies can use their discretion over whether to report progress on promises to cut greenhouse gas emissions, global standard setters said Tuesday.

New requirements for reporting on nature-related financial risks will be limited in scope, complementing existing sustainability standards and drawing on voluntary frameworks, rulemakers said Wednesday.

The UK’s audit watchdog said Monday that it intended to keep its spending and head count flat next year, after several years of rapid growth in the run up to the creation of a new regulator long promised by the government.

The new year is poised to bring multinational companies greater clarity over whether and how they’ll need to report on their sustainability record, but questions remain over whether businesses will have to prepare separate disclosures to satisfy EU and global standards.

UK accounting bodies are protesting a government plan to remove their responsibilities for overseeing compliance with anti-money laundering regulations, saying it will hurt accountancy firms and increase economic crime.

The UK arm of global top-10 firm accounting and advisory firm Forvis Mazars posted an overall revenue increase in 2025 as audit fees surged, although a consulting slump meant it failed to match the wider group’s growth rate.

Global accounting for government and publicly-owned bodies would be tweaked to reflect big changes to private company accounts that defined basic ideas like operating profit for the first time, under proposals published Monday.

The UK’s audit watchdog has issued tougher guidelines on how auditors check whether companies are in danger of going bankrupt or have suffered from fraud.

The UK’s accounting watchdog has fined two former finance directors of Carillion Plc, marking what it called the end of its investigations into the construction giant whose 2018 collapse triggered demands for an overhaul of audit regulations.