FRC issues alternative performance measures guidance
Regulatory Bodies

FRC issues alternative performance measures guidance

8y Calum Fuller , Reporter

FRC issues alternative performance measures guidan...

Guidelines and FAQs issued to clarify alternative performance measures Read More...

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Firm by firm: The FRC's audit quality inspections
Accounting Firms

Firm by firm: The FRC's audit quality inspections

8y Calum Fuller , Reporter

Firm by firm: The FRC's audit quality inspections

Accountancy Age takes a look FRC's assessment of the audit quality provided by the top six audit firms Read More...

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KPMG audit quality criticised in FRC review
Audit

KPMG audit quality criticised in FRC review

8y Calum Fuller , Reporter

KPMG audit quality criticised in FRC review

FRC releases individual reports critical of audits undertaken by the six largest firms Read More...

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FRC aligns LLPs and micro-entities regimes with FRS 105 amendments
Accounting Standards

FRC aligns LLPs and micro-entities regimes with FRS 105 amendments

8y Calum Fuller , Reporter

FRC aligns LLPs and micro-entities regimes with FR...

FRC amends FRS 105 to reflect legislative change and align better with international accounting standards Read More...

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MPs expected to question auditors PwC over BHS collapse
More News

MPs expected to question auditors PwC over BHS collapse

8y Chris Warmoll , Writer

MPs expected to question auditors PwC over BHS col...

PwC and Deloitte set to appear befor BIS committee to answer quetions over BHS, The Sunday Times reports Read More...

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FRC: No level playing field for disciplining directors in audit cases
Audit

FRC: No level playing field for disciplining directors in audit cases

8y Calum Fuller , Reporter

FRC: No level playing field for disciplining direc...

Stephen Haddrill hopes scope of powers to apply to all directors to even playing field Read More...

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FRC mulls BHS investigation
Business Recovery

FRC mulls BHS investigation

8y Richard Crump , Writer

FRC mulls BHS investigation

FRC looks into events at BHS following pressure from MPs to scrutinise directors and advisers involved in sale of department store prior to its collap...

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AAYP 2016: Five key skills auditors will need in the future
Accounting Standards

AAYP 2016: Five key skills auditors will need in the future

8y Accountancy Age

AAYP 2016: Five key skills auditors will need in t...

As part of Accountancy Age's Young Professionals Day, we take a look at the key skills auditors will need for the future Read More...

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FRC appoints NAO’s Mike Suffield as director of audit quality
Audit

FRC appoints NAO’s Mike Suffield as director of audit quality

8y Calum Fuller , Reporter

FRC appoints NAO’s Mike Suffield as director of au...

Mike Suffield joins FRC having spent 21 years with NAO Read More...

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EY audit conflicts weigh on Royal Dutch Shell-BG Group deal
Audit

EY audit conflicts weigh on Royal Dutch Shell-BG Group deal

8y Calum Fuller , Reporter

EY audit conflicts weigh on Royal Dutch Shell-BG G...

EY has been BG auditor since 2013, while it was recently appointed Royal Dutch Shell auditor Read More...

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FRC announces 14% levy rise in annual budget
Audit

FRC announces 14% levy rise in annual budget

8y Calum Fuller , Reporter

FRC announces 14% levy rise in annual budget

FRC to raise levies as government funding withdrawn Read More...

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FRC to introduce ‘prohibitions’ to UK governance code to prevent conflicts
Audit

FRC to introduce ‘prohibitions’ to UK governance code to prevent conflicts

8y Calum Fuller , Reporter

FRC to introduce ‘prohibitions’ to UK governance c...

Latest FRC UK Corporate Governance Code update further restricts auditors in bid to minimise conflict of interest Read More...

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Auditors will shoulder disproportionate burden of disciplinary action under new FRC regime
Audit

Auditors will shoulder disproportionate burden of disciplinary action under...

8y Accountancy Age

Auditors will shoulder disproportionate burden of ...

The FRC's new disciplinary regime for public interest entities could see could see more frequent enforcement on more minor matters, write Taylor Wessi...

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ICAEW wants greater clarity over access to simplified accounting regime
Accounting Standards

ICAEW wants greater clarity over access to simplified accounting regime

8y Calum Fuller , Reporter

ICAEW wants greater clarity over access to simplif...

ICAEW warns of "worrying degree of confusion" over FRS 101 Read More...

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Deloitte set to face FRC disciplinary over Aero Inventory audit
Audit

Deloitte set to face FRC disciplinary over Aero Inventory audit

8y Calum Fuller , Reporter

Deloitte set to face FRC disciplinary over Aero In...

FRC disciplinary tribunal against Deloitte and audit partner John Clennett over Aero Inventory audit will commence on 9 May Read More...

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Solvency and liquidity queries tackled in FRC going concern guidance
Accounting Standards

Solvency and liquidity queries tackled in FRC going concern guidance

8y Calum Fuller , Reporter

Solvency and liquidity queries tackled in FRC goin...

FRC guidance makes clear requirements relating to going concern and solvency and liquidity risk Read More...

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ICAS and FRC: constructive debate on audit future required
Audit

ICAS and FRC: constructive debate on audit future required

8y Calum Fuller , Reporter

ICAS and FRC: constructive debate on audit future ...

JOINT RESEARCH conducted on behalf of ICAS and the FRC has found a need for a constructive debate about the future of audit and that specialists shoul...

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Taking Stock: FRC falls foul of its own rules...almost
Regulatory Bodies

Taking Stock: FRC falls foul of its own rules...almost

8y Taking Stock

Taking Stock: FRC falls foul of its own rules...al...

TS couldn't help but notice a near miss for the FRC Read More...

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FRC confirms KPMG-HBOS report to be released ‘in spring’
Audit

FRC confirms KPMG-HBOS report to be released ‘in spring’

8y Calum Fuller , Reporter

FRC confirms KPMG-HBOS report to be released ‘in s...

FRC tells Conservative MP Andrew Tyrie full report into KPMG's audit of HBOS can be expected in the spring Read More...

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FRC issues amendments to fair value disclosures in FRS 102
Accounting Standards

FRC issues amendments to fair value disclosures in FRS 102

8y Calum Fuller , Reporter

FRC issues amendments to fair value disclosures in...

As well as simplifying the preparation of the disclosures, the amendments are designed provide more meaningful information for users of the financial ...

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Vegro appointed FRC executive director of strategy and resources
Accounting Standards

Vegro appointed FRC executive director of strategy and resources

8y Chris Warmoll , Writer

Vegro appointed FRC executive director of strategy...

Vegro will report to the FRC's chief executive, Stephen Haddrill and sit on the executive committee Read More...

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Moore Stephens Northern Ireland fined over Presbyterian Mutual Society audit
Audit

Moore Stephens Northern Ireland fined over Presbyterian Mutual Society audi...

8y Calum Fuller , Reporter

Moore Stephens Northern Ireland fined over Presbyt...

Audit engagement partner David McClean also fined and reprimanded for failures in audit work in 2007 and 2008 Read More...

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FRC: e-tagging of charities’ accounts supported by consultation
Accounting Standards

FRC: e-tagging of charities’ accounts supported by consultation

8y Calum Fuller , Reporter

FRC: e-tagging of charities’ accounts supported by...

The charity convention will be used when tagging charity accounts for electronic filing and for other analytical purposes Read More...

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FRC to avoid further changes to codes and standards
Audit

FRC to avoid further changes to codes and standards

8y Calum Fuller , Reporter

FRC to avoid further changes to codes and standard...

FRC chief executive Stephen Haddrill pledges that regulator will allow changes to codes and standards to 'bed in' rather than introduce further change...

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CCAB urges business to engage with EU reform debate
Accounting Standards

CCAB urges business to engage with EU reform debate

8y Chris Warmoll , Writer

CCAB urges business to engage with EU reform debat...

Business leaders call for greater transparency and accountability with a commitment to address democratic deficit Read More...

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FRC highlights flaws in audit engagement review processes
Audit

FRC highlights flaws in audit engagement review processes

8y Calum Fuller , Reporter

FRC highlights flaws in audit engagement review pr...

Thematic review from FRC's audit quality review team finds that while reviewers do bring standards of work up, weaknesses still creep through Read Mor...

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FRC endorses new IFRS requirement on debt disclosure
Accounting Standards

FRC endorses new IFRS requirement on debt disclosure

8y Calum Fuller , Reporter

FRC endorses new IFRS requirement on debt disclosu...

IAS 7 sees improvements made to debt disclosure Read More...

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