Top accounting scandals in 2018
Audit

Top accounting scandals in 2018

5y Virginia Blackburn

Top accounting scandals in 2018

A summary of the cases of financial scandals, accounting fraud and corporate fraud which capitivated us last year and their implications Read More...

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FRC: new “rigorous requirements” for Stewardship Code
Corporate Governance

FRC: new “rigorous requirements” for Stewardship Code

5y Emanuela Hawker , Reporter

FRC: new “rigorous requirements” for Stewardship C...

The Financial Reporting Council aims for the Stewardship Code to better complement “stronger corporate governance provisions” Read More...

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EY to improve audits via independent panel
Audit

EY to improve audits via independent panel

5y Accountancy Age

EY to improve audits via independent panel

EY are responding to calls for independence among the Big Four accounting firms Read More...

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Patisserie Valerie plunges into administration closing 70 cafes immediately
Audit

Patisserie Valerie plunges into administration closing 70 cafes immediately

5y Accountancy Age

Patisserie Valerie plunges into administration clo...

It is thought that up to 900 Patisserie Valerie employees could lose their jobs Read More...

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Update on Carillion: FRC continue investigating KPMG for 2014-17 audits of construction company
Audit

Update on Carillion: FRC continue investigating KPMG for 2014-17 audits of ...

5y Accountancy Age

Update on Carillion: FRC continue investigating KP...

The investigation into Carillion's collapse continue on with a renewed focus on KPMG's audits of the construction business Read More...

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FRC v Sports Direct : the latest regulatory challenge on privilege
Audit

FRC v Sports Direct : the latest regulatory challenge on privilege

5y Richard Highley and Julian Bubb-Humfryes

FRC v Sports Direct : the latest regulatory challe...

The FRC has successfully persuaded a court to order an audit client, Sports Direct International Plc (SDI), to disclose privileged documents relevant ...

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Patisserie Valerie admits supplier payment issues amidst fraud investigation
Business

Patisserie Valerie admits supplier payment issues amidst fraud investigatio...

5y Accountancy Age

Patisserie Valerie admits supplier payment issues ...

Interim CFO Nick Perrin said "It was identified that there are many creditors with a large backlog of unpaid invoices." Read More...

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AAnswers podcast: Financial scandals in 2018 and beyond
Audit

AAnswers podcast: Financial scandals in 2018 and beyond

5y Accountancy Age

AAnswers podcast: Financial scandals in 2018 and b...

With our new podcast series, AAnswers, we respond to the big questions of our time, future-proofing the knowledge you need to succeed moving forwards ...

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Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor
Audit

Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor

5y Accountancy Age

Patisserie Valerie chooses RSM to succeed Grant Th...

RSM will audit Patisserie Valerie's accounts as the fraud scandal continues to unfold Read More...

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The Sports Direct privilege decision is a major erosion of fundamental rights
Audit

The Sports Direct privilege decision is a major erosion of fundamental righ...

5y Hickman and Rose

The Sports Direct privilege decision is a major er...

The High Court in Sports Direct has ruled that the fundamental protections afforded by legal privilege can be sidestepped by the FRC in the course of ...

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Kingman has missed the point
Accounting Standards

Kingman has missed the point

5y Richard Murphy

Kingman has missed the point

Richard Murphy, chartered accountant and founder and director of Tax Research UK, says the Kingman report into the FRC failed to address much-needed r...

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The CMA recommendations for audit reform are finally published
Audit

The CMA recommendations for audit reform are finally published

5y Beth McLoughlin

The CMA recommendations for audit reform are final...

Legislation proposed to impose joint audit and separate audit from consulting services, among other measures Read More...

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Professional privilege and investigations – what do accountants need to know?
Business

Professional privilege and investigations – what do accountants need to kno...

5y Lewis Silkin

Professional privilege and investigations – what d...

Law firm Lewis Silkin explains how the law of privilege operates in the context of investigations Read More...

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What are the duties and responsibilities of an accountant?
Career

What are the duties and responsibilities of an accountant?

5y Rebecca Brace

What are the duties and responsibilities of an acc...

What are the attributes, skills and qualifications needed to be an accountant? Read More...

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KPMG, Deloitte and the audit dilemma
Audit

KPMG, Deloitte and the audit dilemma

5y Emanuela Hawker , Reporter

KPMG, Deloitte and the audit dilemma

Following KPMG and Deloitte’s proposal to stop providing non-audit services to audit clients, the industry considers whether this move will be benefic...

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IAASB announces proposed ISA 315 changes
Audit

IAASB announces proposed ISA 315 changes

5y Emanuela Hawker , Reporter

IAASB announces proposed ISA 315 changes

IAASB has recently released their largely supported consultation proposals on ISA 315 Read More...

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FRC shout for independence, viability and higher quality in the UK audit market
Audit

FRC shout for independence, viability and higher quality in the UK audit ma...

6y Accountancy Age

FRC shout for independence, viability and higher q...

FRC's deputy director of audit policy Mark Babington on why the audit industry needs an overhaul and what the group plans to do to improve it Read Mor...

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Is it time for moratorium on board room positions for former partners?
Accounting Standards

Is it time for moratorium on board room positions for former partners?

6y Gary Dixon

Is it time for moratorium on board room positions ...

The recent £4m fine issued to Grant Thornton is a wake-up call to aspiring independent non-executive board members, who must be demonstrably independe...

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FTSE 350 focusing increasingly on non-financial matters according to Deloitte
Business

FTSE 350 focusing increasingly on non-financial matters according to Deloit...

6y Accountancy Age

FTSE 350 focusing increasingly on non-financial ma...

Big Four firm Deloitte analysed 100 FTSE company reports to find that nearly a third are considering non-financial matters in line with the new Corpor...

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FRC investigating Grant Thornton's Sports Direct audits
Practice

FRC investigating Grant Thornton's Sports Direct audits

6y Accountancy Age

FRC investigating Grant Thornton's Sports Direct a...

Mike Ashley's Sports Direct allegedly made hundred of thousands of pounds in undisclosed payments to his brother's company, Barlin Deliveries Read Mor...

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Fined by FRC: Grant Thornton next in the firing line
Audit

Fined by FRC: Grant Thornton next in the firing line

6y Emanuela Hawker , Reporter

Fined by FRC: Grant Thornton next in the firing li...

Doubts about the FRC’s efficiency continue to plague the watchdog body Read More...

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FRC competence review leaves watchdog on tenterhooks
Audit

FRC competence review leaves watchdog on tenterhooks

6y Accountancy Age

FRC competence review leaves watchdog on tenterhoo...

The Financial Reporting Council faced serious criticism from shareholders, accountants, and fund managers following the accounting scandals of the las...

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KPMG fined and reprimanded over Ted Baker audits
Audit

KPMG fined and reprimanded over Ted Baker audits

6y Accountancy Age

KPMG fined and reprimanded over Ted Baker audits

The offenders admitted breaching ethical standards and losing independence in the audits Read More...

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FRC data on Big Four audits may highlight need for industry overhaul
Audit

FRC data on Big Four audits may highlight need for industry overhaul

6y Accountancy Age

FRC data on Big Four audits may highlight need for...

New FRC data shows that audit fees across EY, Deloitte, KPMG, and PwC rose by nearly 6 percent in 2016/17 compared with a 2.7 percent rise the previou...

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FRC finds audit failures in UK pension scheme reporting
Audit

FRC finds audit failures in UK pension scheme reporting

6y Accountancy Age

FRC finds audit failures in UK pension scheme repo...

Nearly half of the audit work for pensions valuations inspected by the watchdog this year was found to have problems Read More...

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FRC fines reach record high after 24% increase this year
Audit

FRC fines reach record high after 24% increase this year

6y Accountancy Age

FRC fines reach record high after 24% increase thi...

After a string of high profile audit failings, including the collapse of Carillion, the FRC has been under increasing pressure from the government and...

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New FRC Corporate Governance Code focuses on culture and diversity
Audit

New FRC Corporate Governance Code focuses on culture and diversity

6y Accountancy Age

New FRC Corporate Governance Code focuses on cultu...

The FRC's new Corporate Governance Code promotes trust, transparency and integrity in business in the face of the recent call for audit reforms Read M...

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