Auditing/Accountancy commercial awareness help!

Hi guys! Just doing prep for my interview and I was wondering can anyone please point me in the right direction for websites that relate to current issues in auditing which accountancy firms are facing which i can use for commercial awareness. Thanks.

Reply 1

Chapeau Rouge

Do a search on accountancy age which can highlight a few.

Ones I remember would be EU/ competition commission trying to come up with ways to make the auditing industry more competitive and less dominated by big 4 so more audits going out to tender.

There is a bigger focus on risk assurance eg. Assurance over systems, controls and thinking up ways to mitigate risk eg. PwC is trying to become 50/50 of traditional (core audit) and risk assurance by 2020.