United Kingdom: Audit

The National Audit on Group-based Child Sexual Exploitation and Abuse led by Baroness Casey is a landmark review with profound implications...

Reporting fraud and the misstatement of financial accounts – these are not events that audit committees, general counsels or boards go looking for, but they happen. Recent developments are raising the stakes, and consequences are becoming more severe.

On 18 June 2025, Matthew Garbutt and Avary Patutama of our Litigation & Dispute Resolution team delivered...

In an increasingly data-driven world, finding useful data remains challenging, especially for compliance officers facing heightened regulatory expectations. To improve compliance programs, companies should cast a wide net, leveraging data from systems across departments, such as legal, HR, audit, finance, and procurement. By collecting and analyzing relevant metrics, compliance teams can meet regulatory demands, prove program effectiveness, and uncover trends affecting company culture and cont

Life insurers should shift from pure automation to business process excellence (BPE) to optimize workflows, improve efficiency, and enhance reporting. This involves integrating flexible automation, robust governance, and seamless processes that adapt to changing business needs.

The UK Corporate Governance Code 2024 introduces significant changes, applicable from January 2025, with a focus on enhancing transparency, risk management, and internal controls. Key updates include the requirement for boards to declare the effectiveness of 'material controls,' new responsibilities for audit committees, and stricter malus and clawback provisions. Non-compliance could damage reputation, attract regulatory scrutiny, and erode investor confidence.

As Price Bailey's audit team draw close on another year for the academies sector, we look back at some of the key audit findings from the 22-23 year.

Following the announcement on 19 December 2023 that ISS had updated its benchmark proxy voting policies for company meetings in the UK and Ireland, those updated policies were published in January 2024.

Following a lengthy consultation period, the Financial Reporting Council (the "FRC") recently unveiled its revised UK Corporate Governance Code (the "Code").