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Audit is evolving fast - is your team keeping up?

Audit is evolving fast - is your team keeping up?

Plus: The latest on MTD, AI tools, and audit evolution

Marina Mouka
May 29, 2025

Daily Digest

IN PARTNERSHIP WITH AJ CHAMBERS
Your guide to standing out in the 35 under 35 2025 rankings
Ready to submit your nominations for the 35 under 35 rankings? Whether you're nominating yourself or a colleague, these tips will guide you through the process and help you stand out. The deadline for nominations is fast approaching, so be sure to submit your application by 30 June 2025.

FROM THE MARKET

Crowell & Moring expands London presence

Grant Thornton appoints new Global Mobility partner

AI bookkeeping start-up Outmin raises €4m to scale

EDITOR’S PICKS

NEWS
ACCA and University of London to launch new accountancy degree
Eligible ACCA students will be able to gain both a professional qualification and an undergraduate degree in a single streamlined route from 2026.

NEWS
Affinia acquires Platt Rushton in regional expansion push

INSIGHTS
One in ten audits flagged for 'major improvements'

THE BIG INTERVIEW

Q&A: Inside Protiviti’s front-row view of audit’s next evolution
Internal audit is no longer a passive control function - it’s becoming a strategic advisor in an era defined by AI, talent shortages, and rising risk. In this Q&A, Protiviti UK’s Janet Barberis and Deepa Krishnamachari explain how audit teams are evolving, what’s holding them back, and why culture, data quality, and skills gaps matter more than ever. From AI adoption to regulatory readiness, this is a candid look at what internal audit needs to stay relevant.

WE’RE ALSO READING

INTERNATIONAL ACCOUNTING BULLETIN
UK companies shift focus from EU exports amid trade challenges

MAKING TAX DIGITAL

FreeAgent, Sage, and CCH Unveil New Tools for Accountancy Practice Transformation
FreeAgent has launched enhanced management reporting and bulk editing tools, Sage is offering every accountant a free AI assistant licence, and Wolters Kluwer’s CCH iFirm MTD for income tax tool now has HMRC recognition—together, these developments signal improved digital efficiency and compliance capabilities for accountancy professionals seeking robust solutions amid evolving regulatory demands.

Making Tax Digital Streamlines Income Tax Reporting for Sole Traders and Landlords

Preparing For Making Tax Digital As New Income Tax Requirements Begin April 2026

WHAT WE'RE LISTENING TO

Growth Journeys Explored Through Insights from Leaders in Accountancy Firm Development
Laura Leslie and Scott Heath dissect the tangible processes and rationales behind firm growth, sharing the inception and execution phases of expansion. Listeners gain practical frameworks for initiating targeted growth initiatives within professional services. Essential for managers seeking evidence-based approaches to scalable development in a competitive marketplace.
Listen here

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