Yonhap Infomax NewsMay 30, 2025
DI Dongil’s full-time auditor, appointed by minority shareholders, resigns after two months, casting doubt on the company’s audit reform efforts and raising concerns over unresolved governance issues.
#YonhapInfomax #DIDongil #ShareholderAlliance #FullTimeAuditor #AuditReform #CorporateGovernance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65610
DI Dongil Shareholder Alliance’s Full-Time Auditor Resigns—Audit Reform Faces Setback

DI Dongil’s full-time auditor, appointed by minority shareholders, resigns after two months, casting doubt on the company’s audit reform efforts and raising concerns over unresolved governance issues.

Yonhap Infomax
Research For ActionJan 22, 2024

Great report from the #AuditReform Lab at University of Sheffield about Birmigham City Council's "bankruptcy" (S114 notice): https://auditreformlab.group.shef.ac.uk/financial_crisis_in_birmingham_city_council/

Part 1 outlines what S114 means & what led to the situation in Birmingham. It asks why the auditors didn't previously raise concerns about the equal pay liability that pushed the Council over the edge.

Part 2 outlines what happens next & how extreme the proposed cuts are, and raises concerns about the council's statutory duties and asset sales.

Financial crisis in Birmingham City Council – Audit Reform Lab

Research For ActionNov 8, 2023
With no #AuditReform in the #KingsSpeech, we are preparing an open letter to Government and those sitting in Parliament to urge them to put forward legislation to help #LocalAudit be more robust, accountable and in the public interest. Let us know if you want to sign!
Research For ActionSep 5, 2023

Let's talk about #AuditReform in England - the Govt have entirely shelved it despite it being hugely overdue You might not have seen it make big headlines, but it's been reported that this government will indeed NOT further audit reform. This is terrible news.

https://cityam.com/government-set-to-shelve-audit-reform-due-to-time-constraints/

This is why... 🧵

Government set to shelve audit reform due to time constraints

Ministers are reportedly set to shelve a planned overhaul of the UK's audit and governance regime due to concerns the government won't have enough time to pass the changes in parliament.

CityAM
Research For ActionJun 14, 2023
We made a submission to the current Levelling Up
Committee inquiry into local audit http://committees.parliament.uk/writtenevidence/120278/pdf/ #Audit #AuditReform #LocalAudit #LocalGovernment