As we enter a new decade, many within the accounting profession and the wider corporate world will be closely monitoring progress on reforming the UK audit industry.

Is 2020 set to be the year we finally see significant changes to the rules around auditing? This question was the subject of an independent review by Sir Donald Brydon, former chair of the London Stock Exchange.

Central to this review was the need to determine whether the audit process should be widened beyond simply checking that accounts are in order to being tasked with detecting, and even blowing the whistle, on fraudulent activity.