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B R I E F S: Auditors perform better

Auditors perform better

Accountancy firms carrying out audits have improved their performance, particularly in planning and providing evidence in support of an opinion, according to the third annual report on audit regulation by the institutes of chartered accountants in England and Wales, Scotland and Ireland. It found that small firms continue to improve and that the proportion of monitoring visits showing little or no need for a change in procedures has increased. However, the institutes are to carry out more monitoring visits and make regulations more user-friendly.