FRC investigates why an arrangement between Sports Direct and Barlin Delivery was not disclosed in the company’s financial statements as a related par...
View articleDeloitte has been fined a record £4m and its partner John Clennett fined £150,000 for misconduct regarding Aero Inventory Read More...
View articleBarry Tootell, a former chief financial officer and chief executive of the Co-operative Bank, has admitted misconduct in a settlement agreement Read M...
View articleImprovements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC) Read More...
View articleThe Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted...
View articleThe FRC is inviting comments from stakeholders on its proposed approach to updating FRS 102 to reflect changes in IFRS Read More...
View articleICAS and the FRC have called for action to prevent a potential audit skills gap in the future, with the launch of a new report Read More...
View articleCompanies face a wake-up call to review their cultures before they can win back broad support from society, business leaders will be told at a confere...
View articleTHE accounting watchdog has launched disciplinary formal complaints against KPMG over its audit of a Lloyd’s of London syndicate Equity Red Star Read ...
View articleThe UK’s largest listed companies should disregard the accounting advice of reporting watchdog the FRC, a group of investors have urged chairmen of FT...
View articleAccountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket wa...
View articlePwC has been hit with a £2.3m fine by the accountancy watchdog over its audits of the financial statements of Cattles and Welcome Financial Services L...
View articleBEIS issues guidance on the FRC’s role as the competent authority responsible for the oversight of audits of public interest entities, following the i...
View articleCuriosity killed the cat, but doesn't appear to afflict accounting watchdog the FRC, muses Colin Read More...
View articleThe Treasury Select Committee criticises the FRC for a 'lack of curiosity and diligence' in deciding to not investigate KPMG’s audit of HBOS before th...
View articleThe FRC has banned two former Connaught finance directors responsible for a £4m accounting misstatement at the collapsed social housing maintenance pr...
View articleThe UK’s decision to leave the EU has raised questions about whether the FRC's regulatory framework should change in the future Read More...
View articleCompany boards must pay more attention to instilling the right corporate culture in order to restore trust in business and deliver long-term sustainab...
View articleDespite the high levels of tendering and rotation, the Big Four’s share of the FTSE 350 market has risen from 96.7% to 97.4%, the FRC finds Read More...
View articleFRC consults on adopting international auditing standards to facilitate public assurance of insurers' Solvency II reports Read More...
View articleThe FRC has highlighted the things directors should consider when preparing their forthcoming half-yearly and annual financial reports post Brexit Rea...
View articleThe amendments to FRS 101 are limited, and predominately provide exemptions from many of the disclosure requirements of IFRS 15 Read More...
View articleMPs urg the FRC to widen scope of its investigation to cover previous years when PwC audited BHS financial statements and signed off the company accou...
View articlePost audit reform, auditors are thinking about whether they want to be conflicted or not, on a potential client by potential client basis Read More...
View articleJohn Hitchins was a partner with PwC for 26 years until he retired in 2014 Read More...
View articleInvestigation comes three years after the Serious Fraud Office started a criminal investigation into Serco over its electronic monitoring of contracts...
View articleFRC will investigate KPMG's consideration of and compliance with ethical standards in connection with the provision of non-audit services Read More...
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