Tight audit fees coupled with alternative revenue streams is causing conflicts of interest at the Big Four audit firms, but what is the future for audit, asks Calum Fuller, assistant editor of Accountancy

Haike Chemical Group, a speciality chemicals company based in China and listed on the London Stock Exchange,  has revealed a CNY 176.2m (£19.8m) accounting error in its reported revenue for the first six months of 2016, after an ‘administrative oversight’ meant it wrongly included revenues from two business which it had sold off a year before

Executive pay packages in the FTSE 100 are coming under increasing criticism from shareholders according to preliminary findings of a survey by Deloitte, which found the proportion of companies receiving less than 75% of votes in support of their remuneration has almost doubled since the ‘shareholder spring’ of 2012