Building an industry that is fit for the future, one that is attractive to talented young people...
There is widespread consensus that the audit sector is not reaching its potential, and that previous attempts at reform have been ineffective. The impact of high quality audit goes far beyond the boardroom.
As CMA Chairman Andrew Tyrie explains: “Most people will never read an auditor’s opinion on a company’s accounts. But tens of millions of people depend on robust and high-quality audits. If a company’s books aren’t properly examined, people’s jobs, pensions or savings can be at risk”.
Trust in the quality of audit underpins confidence in UK business, the money invested in listed firms by private and institutional investors, and the livelihoods of the people who work for and with the audited companies.
Creating an audit profession that meets the needs of society
Our vision for the future of audit
Time to make corporate reporting fit for purpose
CMA audit reform recommendations: our view
CMA Market Review
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