We will finish our review of accounting quality by looking at financial restatements in the UK. Over the past few years,
Category: Europe
An Overview of KAMs – 2019
Since our last analysis of key audit matters in December 2019, the Audit Analytics KAMs database has grown to include over
Shrinking Auditor Market in the Netherlands
Auditor market share is extremely concentrated in the Netherlands due to the dwindling number of audit firms registered to audit public
Ties to be Severed Between the Auditing and Consulting Arms of the Big Four in the UK
The Financial Reporting Council (FRC) is now acting on changes recommended by the recent independent reviews of the audit market in
Mandatory Audit Firm Rotation in the FTSE 350
Thirty-four FTSE 350 companies are required to rotate audit firms or conduct a tender process by 2023, according to EU Regulation
COVID-19 Impacts on European Audit Opinions
This post will be updated to reflect the current number of filings citing the COVID-19 pandemic in a going concern opinion,
European Audit Opinions Signed by Country
It is no surprise that COVID-19 has greatly impacted just about everything at this point; the worldwide pandemic has had such
Doubt About Going Concern Basis Results in Disclaimer of Opinion
On 30 April 2020, Ernst & Young LLP (UK) issued a disclaimer of opinion for Nostrum Oil & Gas PLC [LON:NOG],
An Overview of KAMs in the European Banking Sector
Accountancy Europe has performed its second annual survey on the auditor’s reporting of key audit matters (KAMs) in the European banking
FTSE 350 Auditor Changes and Fees
This post has been updated to display fees in GBP.1 Between 2017 and 2018, 36 companies listed on the FTSE 350
Annual LSE Auditor Changes
There were 141 audit firm departures in 2018 from companies listed on the London Stock Exchange, including the Alternative Investment Market
Changes in KAM Count
We recently analyzed the frequency in which key audit matters (KAMs) were disclosed in 2017 and 2018. In this post, we
Three Ways to Measure Market Concentration: A Comparison Between the UK and Germany
When considering the concentration of the audit market – that is, how competitive the market is between audit firms – there
CMA Releases Final Report on the Statutory Audit Market
Last week, the Competition & Markets Authority (CMA) released its final report, concluding its investigation into the UK audit market. The
Auditor Changes and Audit Fees in Italy
Eleven out of the 100 companies listed on the FTSE MIB and the FTSE Italia Midcap changed their auditors from 2016
When Cash is “Key”
Cash may be king, but when it comes to auditing, cash is not usually considered a high risk area. The audit
Year-End European Audit Fees Starting to Roll In
December 31, 2018 year-end annual reports are starting to roll in, and with them our European research team is hard at
Recently Reported Auditor Changes across Europe
There were 16 recently reported auditor changes across Europe in January 2019. It is important to note, however, this is not
Auditor Tenure among Nordic Indices
In this post, we look at the longest auditor tenures of the companies in the top Nordic indices. This includes a
A Look Back at 2018
As 2018 comes to an end, let’s look back at some of our top posts and topics we’ve covered this year.
Implications of the CMA’s Call for a Joint Audit among the FTSE 350
Last week, the Competition and Markets Authority (UK) released an update paper regarding its study of the audit market in the