The UK’s auditing watchdog has said it will prevent auditors from offering other services, such as recruitment and pay consultancy, in the regulator’s latest attempts to bolster audit quality for investors following a series of high-profile failures.

The Financial Reporting Council said in a statement on December 17 it would “prohibit auditors from providing recruitment and remuneration services or playing any part in management decision making” as part of a “major revision” to its ethical and auditing standards.