Changes Abound - Adapting to the New Audit Landscape

Phil Crooks looks at UK audit in 2023, discussing themes including:

• Economic uncertainty as it could affect corporates, auditors, and the regulator.
• The upcoming transition of the Financial Reporting Council to the new Audit Regulation and Governance Authority.
• New and evolving audit standards.
• Professional vigilance as a key factor in avoiding fraudulent financial reporting.

Read the article.