Since the Jackson reforms there have obviously been many changes in the industry, and I’m sure there will no doubt be more to come in the future! So, aside from the obvious factors which hit the headlines, what are we actually seeing as we undertake our accounts and audit work on PI firms in this new climate?
On the 25th May 2018, the EU General Data Protection Regulation comes into force. That might seem like a long time, but that’s just over 100 days away at the time of writing. In addition, GDPR was already adopted back in April 2016, May 2018 is the end of the 2-year grace period.