The UK Financial Reporting Council (FRC) has issued revised versions of ISA (UK) 620 and ISAE (UK) 3000, clarifying practitioners’ responsibilities when they use the work of an external expert. The changes align the UK standards with international updates and…

The Public Company Accounting Oversight Board (PCAOB) reported a lower rate of significant audit deficiencies in its 2025 inspections. In an October 22 update, the U.S. audit regulator said the aggregate Part I.A deficiency rate across inspected firms fell to…