World Accounting Report
Corporate auditors – the way forward for the audit profession?
Towards the end of 2019, Sir Donald Brydon published his report on audit quality and effectiveness. His wide-ranging recommendations
propose a definition of audit, making audit a profession independent of accountancy with its own qualifications, new reporting
obligations for directors and auditors and a host of other detailed points. This article takes a preliminary look at some
of his proposals which could have important ramifications both in the UK and internationally.