EY creates dedicated head of UK audit to focus on standards
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LONDON (Reuters) - EY is introducing a dedicated UK head of auditing in a move that falls short of calls from lawmakers for top accounting firms to run auditing as a standalone business to improve standards.EY said on Monday that audit quality was a key priority."The roles of UK&I Managing Partner of Assurance and UK Head of Audit have been split in recognition of the societal importance of these functions and to ensure that audit quality continues to receive dedicated focus," EY said in a..