February 2024
The Financial Reporting Council (FRC) recently published a summary of key findings and potential actions from research it commissioned into barriers to entry and growth faced by audit firms in the UK.
The report highlighted capacity constraints, recruitment and retention challenges, alongside regulatory requirements, as the main obstacles for smaller firms looking to expand their presence – especially in audits of public interest entities (PIEs).
Find out more
here.
Source: www.frc.org.uk