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UK plan to end audits for midsized firms threatens accountants' fees

Published

Accounting firms could lose up to £1.2bn a year in fees if the UK government exempts midsized companies from independent audits. The estimate comes from a single exclusive report on the proposals.

The UK government proposes that midsized companies would no longer need to have their accounts independently audited. The £1.2bn a year is the most that accounting firms risk losing under the plan.

The figure is a maximum, not a fixed estimate of the loss.

Key facts

When
22 October 2026
Where
UK
Status
Reported

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