Who ate all the PIEs? – audit reform for Public Interest Entities

Paul Brehony (+44 (0)20 3818 3500, paul.brehony@signaturelitigation.com)is a partner with Signature Litigation who has nearly 30 years’ experience incomplex multi-jurisdictional commercial and insolvency-related disputes.

Numerous high-profile fraud cases in recent years haveled to criticism, and even multi-million-pound fines, directed against auditfirms. Now, the UK Financial Reporting Council is set to receive significantlyenhanced powers to regulate the audit sector, critically, to deal explicitlywith the licensing of audits of so-called Public Interest Entities. PaulBrehony of Signature Litigation reports.