The opaque world of limited liability partnerships may be set for a period of greater scrutiny with a spate of audit scandals rocking firms and a fairly dismissal level of adherence to acceptable ethical standards in the latest audit quality inspection (AQI) round, says Sara White, editor of Accountancy

FTSE 250-listed strategic outsourcing and energy services company Mitie is set to end its 30-year association with its auditor Deloitte

The Irish Auditing and Accounting Supervisory Authority (IAASA) has released a document for listed companies outlining tips on key issues, such as Brexit and incoming accounting standards, to include in financial reports, as the 30 June deadline for half-yearly reports approaches

The quality of Scottish central and local government organisation audits is improving, with all local government audits completed on time despite several bodies being unprepared at the start of the audit process, according to its regulator Audit Scotland

Audit Scotland’s staff costs have risen by £500,000 (3%) in 2016/17 with its overall expenditure also increasing year-on-year, as the organisation aims to cut audit fees by 6.7% by 2018, according to its latest annual report

A fifth (22%) of Deloitte’s audits now require improvements or significant improvements, with the firm needing to remain focused on strengthening its audit of revenue recognition ahead of the implementation of IFRS 15, according to the latest Audit Quality Inspection (AQI) report from the Financial Reporting Council (FRC)

Tthere are still serious problems with reporting of revenue recognition, goodwill and impairment, concerns over compliance with ethical standards and an ongoing lack of dialogue with audit committees in the latest FRC Audit Quality Inspection reports of top audit firms. Sara White talks to FRC's director of audit quality Mike Suffield 

The Financial Reporting Council (FRC) has criticised BDO over its communication with audit committees, and the inadequate challenge over inventory provisions, the regulator’s Audit Quality Inspections (AQIs) show

The Financial Reporting Council (FRC) has highlighted concerns over shortfalls in compliance with ethical requirements and in the audit work carried out by PwC, the regulator’s 2016/17 Audit Quality Inspections (AQIs) show

The Financial Reporting Council (FRC) has raised concerns over EY’s audit completion procedures; auditing revenue; rigour in challenging management assumptions in goodwill and impairment; and the quality of written communications with audit committees, the regulator’s 2016/17 Audit Quality Inspections (AQIs) have found

The latest Audit Quality Inspections (AQIs) from the Financial Reporting Council (FRC) has highlighted problems with Grant Thornton’s internal controls signifying that audit quality should take preference when appraising staff to drive improvements in audit performance, with greater importance to be placed on ethics

Big Four firm KPMG has been hauled up over the quality of its audits with a third of inspected audits requiring improvements with criticisms covering the firm’s approach to goodwill impairment, loan loss provisions and revenue recognition, in the latest round of FRC Audit Quality Inspections (AQI). Sara White reports