Recent years have seen an unprecedented focus on audit and auditors in the UK. This has been driven, at least in part, by a number of high-profile corporate failures as well as the perceived widening of the ‘audit expectations gap’, the difference between what users expect from an audit and the reality of what an audit entails.
Gareth Sykes and Ben Ward consider the status of the various reviews commissioned into the statutory audit sector and their potential impact on corporates in this article which first published in the Winter 2020 edition of The In-House Lawyer.
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