United Kingdom: Audit

As the legal industry becomes increasingly defined by the integration of advancing technologies, many law firms today are learning that having top legal talent is no longer enough to continue growing and remain competitive.

For corporate legal teams inside global financial institutions, effective document management is mission critical. Yet many still rely on legacy systems that may appear "good enough" because documents are stored...

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

Against the backdrop of the recent "Dear CEO" letter issued by the Financial Conduct Authority (FCA), and the number of regulatory enforcement actions...

Since GDPR's implementation in 2018, advancements in AI, cloud computing, and remote work have transformed data processing, necessitating regular data audits. These audits ensure compliance by examining data practices, updating records, assessing legal bases for processing, and reviewing third-party and international data transfers. Continuous staff training and policy updates are crucial to maintaining compliance amidst evolving technologies.

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

Update on the UK DMCC Bill | CMA consults on proposal to launch a market investigation of the UK vet sector | Delegated act on independent audits under the DSA enters into force...

The High Court found that there would be a real prospect at trial of the buyers of shares of a company succeeding with a claim that auditors would be liable to them for failures...

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.