Audit updates: November 2013

The latest news on Competition Commission audit reform final proposals, Big Four and FRC reaction and Deloitte to appeal MG Rover decision

On 15 October 2013 the Competition Commission (CC) published details of the main changes to be introduced in the supply of statutory audit services to large companies, which include mandatory audit tendering every ten years and five yearly reviews of every audit engagement by the Financial Reporting Council (FRC).

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