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INSIGHTS
One in ten audits flagged for ‘major improvements’
ICAEW’s latest monitoring report finds that while most audits remain of acceptable quality, 10% were flagged for significant improvements, highlighting ongoing staffing and complexity challenges.
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.
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WE’RE ALSO READING
MAKING TAX DIGITAL
Nearly Half Of UK Sole Traders Unready For Upcoming Digital Tax Requirements
Nearly half of UK sole traders are unprepared for mandatory Making Tax Digital (MTD) Income Tax reforms, which will require digital record-keeping and quarterly updates from April 2026; non-compliance risks significant penalties. Awareness remains low, with 33% unaware of MTD, making preparation critical as thresholds and administrative obligations tighten through 2028. Immediate attention is necessary for sole traders to adapt workflows and software, ensuring compliance and minimising operational disruption.
WHAT WE'RE LISTENING TO
Growth Is Essential For Accounting Firms To Remain Competitive And Future-Proof
Growth is presented as essential for accounting firms, examined through the experiences of DSG’s MBO and DJH’s acquisitive expansion, highlighting the necessity of ongoing investment and adaptation.
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