Study: UK auditors fail to warn over three quarters of bankruptcies

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Britains Audit Industry News

Uk Firms,Bankruptcy

LONDON, May 21 ― Britain's audit industry failed to issue warnings over three quarters of bankruptcies of listed UK firms over the last decade, a study said yesterday,...

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The verdict from Audio Reform Lab, a think tank based at Sheffield University in northern England, comes as the UK government's sector overhaul appears to have stalled. The report added that, between 2015 and 2022, the Big Four faced malpractice fines that were “too small to materially affect partner pay or change behaviour”.

 

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