Auditing

Image for ey rolls out agentic ai 130k staff overhaul audit

Finance | EY rolls out agentic AI to 130k staff to overhaul audit

In shift to AI driven audit, EY invests in agentic AI tools with global rollout to audit staff backed by immersive training, built on Microsoft framework

8 Apr 2026

Finance | Auditor and Traitors star tackles Hajj fraud outside the castle walls

‘People are very good at manipulating others for their own gain, as I only know too well’, says Faraz Noor of Traitors fame in a fraud warning to Mecca travellers

27 Mar 2026

Image for frc review possible use less complex entities audit rules

Finance | FRC to review possible use of Less Complex Entities audit rules

Launch of review of ISA for Less Complex Entities comes after widespread criticism of FRC’s refusal to adopt global standard, claiming it would create two-tier audit market

26 Mar 2026

Audit Consultations

Image for frc bows pressure consider lce small audit standard

Finance | FRC bows to pressure to consider LCE small audit standard

Following widespread criticism of the overly complex UK audit rules for smaller companies, audit regulator says will ‘engage with stakeholders’ on possibility of introducing Less Complex Entity audit rules

24 Mar 2026

Finance | ‘Government flying blind’ as 36 local council audits missing

Audit crisis in local councils still ongoing despite amount of undelivered audit opinions falling by 2.6%

23 Mar 2026

Finance | EY strikes lucky with Hollywood Bowl £560k audit win

Hollywood Bowl Group, the UK’s largest 10-pin bowling operator swaps Big Four auditor in move to EY, the first change for nearly two decades

19 Mar 2026

Image for frc interim guidance auditors payment firm clients

Finance | FRC interim guidance for auditors with payment firm clients

Audit regulator issues temporary guidance for auditors to use during transition to tougher record-keeping rules for payment and e-money firms from the FCA

19 Mar 2026

Business | Direct Line fined £10.6m for double counting errors

Regulator fines Direct Line for accounting errors leading to miscalculation of balance sheet due to weak ‘financial controls and staff capability’

12 Mar 2026

Finance | Worcester Warriors’ former auditor fined £124k

Rugby club audit firm given six-figure fine by ICAEW for audit work related to two years of financial statements and audit opinions

9 Mar 2026

Image for pwc resigns ps17m easyjet audit after planned handover

Finance | PwC resigns £1.7m easyJet audit after planned handover

FTSE 100 budget airline easyJet swaps Big Four firms as auditor PwC steps down after 20-year tenure and lengthy transition

3 Mar 2026

Image for ai cannot replace human judgment audit it helps

Finance | AI cannot replace human judgment in audit but it helps

Auditors need to use the power of AI to improve the quality of audit from spotting journal anomalies at speed to early warnings of potential control risks, but human intervention is still vital, argues Wendy Russell, head of audit at Grant Thornton UK

2 Mar 2026