Touchstone Renard is a consultancy helping the FRC with its projects on the PIE and non-PIE audit markets. These projects are following on closely after the FRC’s December 2022 policy paper on competition in the audit market, which ICAEW’s Audit and Assurance Faculty responded to.  

In that response ICAEW noted that it supports the FRC’s policy objectives regarding competition and choice in the audit market and noted that ICAEW shares the FRC’s desire to establish a resilient audit market that consistently delivers high quality audits.  To this end, ICAEW has engaged with Touchstone Renard to provide technical input on a survey for audit partners. 

Touchstone Renard are currently seeking firms’ views on the non-PIE audit market, to help enhance the FRC’s understanding of the supply side of the audit market and the drivers of firms’ entry, growth and exit in the market. 

This is a timely opportunity to have your say on the urgent and topical issues involved.

Your views will be completely confidential and Touchstone Renard will not reveal your identity, or that of your firm.  The FRC plans to issue a publicly available report later this year when the research has been completed.

Partners in firms can take part by completing a short (7 minute) survey, contribute via a 30 minute interview with Touchstone Renard, or both. 

To access the survey, which closes on 19 May, please click here.

If you would like to have your say in an interview please contact Phil Austin at Touchstone Renard to arrange a convenient date and time.

Touchstone Renard would like to express their thanks to ICAEW and all involved with facilitating this research.