We put audit failure under the microscope, offering recommendations for audit reform to tackle the UK’s urgent accountability problems.
Sheffield
Joined October 2023
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The Audit Reform Lab retweeted
Westminster Business Forum are holding a conference called Next steps for audit and corporate governance in the UK!
Join on the 11th of December to be a part of this conversation with speakers including @UniofOxford @AuditReformLab @biztradegovuk
More: westminsterforumprojects.co.…
The Audit Reform Lab retweeted
More on the uselessness of the “Big Four” accounting and consultancy firms.
Audit firms failed to raise the alarm before three-quarters of big UK corporate collapses since 2010, according to @AuditReformLab research. @Simon_Foy ft.com/content/14a63c36-ba27…
The Audit Reform Lab retweeted
Coming think-n-fast. Latest blog on Birmingham City Council financial situation for LocalGov.co.uk 👇 full reports available via @AuditReformLab
localgov.co.uk/The-financial…
The Audit Reform Lab retweeted
The Guardian: “Ministers’ plan to push English councils to sell assets to plug budget holes.
Critics warn of a ‘fire sale’ of public assets under plans being explored by levelling up department.”
Further steps towards more privatisation?
The Audit Reform Lab retweeted
Just 103 of the tip-offs towards Covid loan fraud were investigated after ‘billions of pounds of taxpayers’ money was lost to fraud and corruption during the pandemic.'
shar.es/agoqAC
The Audit Reform Lab retweeted
Looks like estate regen is grinding to a halt in #Lambeth as it runs out of money: moderngov.lambeth.gov.uk/ieL…
Only £12M budgeted for in the next 2 years (+£27M for affordable housing and workspace). Based on previous history most of that will be spent on management
(Thread)
The Audit Reform Lab retweeted
#Lambeth looking to squeeze more money from motorists and parks in a bid to make up budget short-falls: moderngov.lambeth.gov.uk/ieL…
The Audit Reform Lab retweeted
Southwark Council suspends staff members and may conduct fraud investigations after estate works go £4.2 million over budget southwarknews.co.uk/area/ber…
The Audit Reform Lab retweeted
This is a v important initiative. Exemptions currently incentivise accounting teaching that is overly process-focused & ignores how companies use accounting practices 'creatively' in the real world. Accounting is about power & interests. We can't imagine that away.
Accounting Streams taxresearch.org.uk/Blog/2023… It is time to develop undergraduate accounting courses that tackle the needs of stakeholders for transparency, reporting and ethics: accounting for management and society (STREAMS)
The Audit Reform Lab retweeted
Accounting Streams taxresearch.org.uk/Blog/2023… It is time to develop undergraduate accounting courses that tackle the needs of stakeholders for transparency, reporting and ethics: accounting for management and society (STREAMS)
The Audit Reform Lab retweeted
Today we've published an open letter in the @BylineTimes calling on the Government to reconsider their dropping of #AuditReform, in the interest of local democracy and accountability ---> check it out
🔴 Democracy Experts Sound Alarm on Corruption Risk as Local Council Audits Collapse
With only a fraction of local govt audits completed on time, a fundamental pillar of devolution is under threat with communities in the dark on their council finances
bylinetimes.com/2023/11/21/d…