The update notes that using AR-C section 70 is optional, but accountants can choose to apply it in full or in part as they see fit.

Negotiations to enable US accountants to practise in the UK, and vice versa, have stalled amid disagreements, including how to evaluate the standard of American audit training, the Financial Times has ...

In 2022, the Auditing Standards Board (ASB) issued new standards dealing with quality management (QM) that will become ...