The sanctions relate to the firm’s audit of Conviviality PLC between 2017 and 2018 Read More...
View articleStakeholders have expressed little support for the plans Read More...
View articleMinisters are currently assessing a series of proposals to strengthen UK audit Read More...
View articleFRC audit quality scores reflect "unacceptable" performances from some firms and reinforce need for government reforms Read More...
View articleWith many retailers still reeling from the impact of the lockdowns, the Financial Reporting Council (FRC) has proposed extending the application perio...
View articleRegulatory body has launched an investigation into Deloitte’s auditing practices for the years ending 2017 and 2018 Read More...
View articleFormer Deloitte partners failed to act with “professional scepticism” Read More...
View articleThe FRC has fined KPMG UK £700,000 and reprimanded KPMG UK’s former senior partner for Manchester, Nicola Quayle for a “failure to apply sufficient pr...
View articleSpeaking exclusively to Accountancy Age in the first of a two-part series, Sir Donald Brydon - author of the report into the effectiveness and quality...
View articleSigns that the UK’s audit industry would reform had slowed in the New Year, but with Brexit almost over the line and an impending cabinet reshuffle, w...
View articleSir Donald Brydon’s report into the quality and effectiveness of audit was published at the end of 2019, and in it, Brydon tackles the issues of the a...
View articleAs the value of fines on audit firms issued by the FRC increases, experts reflect on why the regulator’s approach has changed and how this has impacte...
View articleThe UK’s audit and accountancy watchdog has announced it will expand its investigation into EY’s auditing of Thomas Cook’s financial statements to inc...
View articleThe FRC has issued revised ethical and auditing standards in an effort to strengthen auditor independence and ban conflicts of interest. Read More...
View articleAccountancy Age’s Decade Survey is now open for anyone within accounting and adjacent industries. Read More...
View articleLooking back on the financial scandals, auditing failures and fraudulent accounting of 2019 that made headlines and instigated industry change. Read M...
View articleThe Financial Reporting Council (FRC) has just launched a revised version of the UK Stewardship Code, which directly addresses issues raised by Sir Jo...
View articleBosses from Big Four firms PwC and EY will face questions from MPs, with PwC in particular coming under fire following accusations of a conflict of in...
View articleOn the first day of the long-running Financial Reporting Council's disciplinary tribunal, Deloitte's auditors have been called "reckless" and subjecti...
View articleFollowing the collapse of Thomas Cook, the regulatory body has launched an investigation into EY's auditing practices within the travel company for th...
View articleThe FRC has the power to investigate Thomas Cook’s auditors and any accountants that work for the company who are registered with a professional body ...
View articleIn its official release, the FCA said: “Consumers should be cautious when investing in such cryptoassets and should ensure they understand and can bea...
View articleFRP Advisory, a restructuring firm, were chosen by creditors that include HMRC and Luke Johnson, the former chairman of Patisseries Valerie. Read More...
View articleHMRC CEO Sir Jon Thompson will replace Stephen Haddrill as chief executive of the FRC as it transitions into the new regulator, ARGA Read More...
View article75% of FTSE 350 audits assessed as good or requiring limited improvements, failing to meet the FRC's 90% target Read More...
View articleComments and push-back from accountants led to the change in FRS102 which gives an exemption on director’s loans, according to Steve Collings. Read Mo...
View articleAs KPMG's Sanjay Thakkar steps down amid a complaint to the FRC, a legal specialist suggests more investigations are likely in professional services R...
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