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ICAS sets out vision for reform of audit profession

The Institute of Chartered Accountants of Scotland (ICAS) is calling for a three-step approach to overhauling the audit profession following proposals set out in the government’s audit reform consultation.

ICAS sets out vision for reform of audit profession
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The organisation’s corporate auditor report sets out a three-phase roadmap on how the UK could create a new corporate auditor profession. The report, A roadmap to the corporate auditor profession, takes the plans made by the ICAS working group established in 2020, which included senior members of the audit profession from large firms along with representatives from industry and academia, which looked at how to build the foundations of a new corporate auditor profession.

Read more in Accountancy Daily

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