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Top The Accountant News

M-PACT Ignites India's Global Accounting Revolution

M-PACT Ignites India's Global Accounting Revolution

M-PACT Ignites India's Global Accounting Revolution Miles Education has made history with M-PACT, India's first Public Accounting Global Capability Center (GCC) Conclave. Held on December 7, 2024, the event attracted over 500 participants, including representatives from the Big 4, public accounting firms, and academia, highlighting India's emerging dominance in public accounting on the global stage.The conclave set the tone for forward-thinking…See the Story

UK’s FRC releases draft strategy 2025-28

UK’s FRC releases draft strategy 2025-28

The UK Financial Reporting Council (FRC) has issued a draft three-year strategy for 2025-28, aimed at supporting economic growth in the UK. Alongside the three-year strategy, the council also published a draft plan and budget for 2025-26. The FRC is launching a consultation on the proposed strategy, which outlines priorities for maintaining public trust in corporate governance, corporate reporting, audit, and actuarial work while fostering an en…See the Story

Balancing audit market requires 'considerable time'

Balancing audit market requires 'considerable time'

The UK Financial Reporting Council (FRC) has stated that achieving a more balanced and diverse public interest entity (PIE) audit market in the country will take “considerable time,” although the market share of non-Big Four firms is gradually increasing. In its latest Audit Market and Competition Developments Update, the FRC noted a growth in challenger firms’ share of FTSE 350 audits, rising from 11% in 2022 to 13% in 2023. While total PIE aud…See the Story

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