KPMG facing probe as Quindell restates accounts
Accounting Firms

KPMG facing probe as Quindell restates accounts

9y Richard Crump , Writer

KPMG facing probe as Quindell restates accounts

KPMG's work as auditors of Quindell to be probed by FRC as troubled insurer's accounts reveal series of accounting errors Read More...

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FRC delivers £3.3m budget saving
Business Regulation

FRC delivers £3.3m budget saving

9y Chris Warmoll , Writer

FRC delivers £3.3m budget saving

Audit quality review costs rocketed by almost a third but FRC makes overall budget saving Read More...

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Institutes retain regulatory powers over auditors
Accounting Standards

Institutes retain regulatory powers over auditors

9y Chris Warmoll , Writer

Institutes retain regulatory powers over auditors

Government also confirms that it has no intention to make statutory provision to regulate accountants Read More...

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Fraudster Woodbridge banned from profession for 10 years
People Business

Fraudster Woodbridge banned from profession for 10 years

9y Chris Warmoll , Writer

Fraudster Woodbridge banned from profession for 10...

Punishment meted out to former Torex accountant Mark Woodridge, following a disciplinary hearing led by FRC Read More...

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UK's smallest companies liberated from FRSSE shackles
Accounting Firms

UK's smallest companies liberated from FRSSE shackles

9y Chris Warmoll , Writer

UK's smallest companies liberated from FRSSE shack...

The changes are primarily driven by the implementation of the new EU Accounting Directive in the UK Read More...

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Grant Thornton and partners fined over Manchester Building Society audit
Accounting Firms

Grant Thornton and partners fined over Manchester Building Society audit

9y Richard Crump , Writer

Grant Thornton and partners fined over Manchester ...

Grant Thornton forced to pay over £1m in fines and costs to FRC over failed Manchester Building Society audit Read More...

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Finance and life insurance experts join FRC board
People Business

Finance and life insurance experts join FRC board

9y Richard Crump , Writer

Finance and life insurance experts join FRC board

Former bosses of BUPA and Swiss Re appointed to accounting watchdog board Read More...

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Ex-Aero Inventory FD struck off and fined by FRC
People Business

Ex-Aero Inventory FD struck off and fined by FRC

9y Chris Warmoll , Writer

Ex-Aero Inventory FD struck off and fined by FRC

FRC bans former Aero Inventory finance director Hugh Bevan from practicing for three years and slaps him with a £170,000 fine Read More...

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Assurance reviews could be welcome filip but 'audit lite' concerns remain
Audit

Assurance reviews could be welcome filip but 'audit lite' concerns remain

9y Chris Warmoll , Writer

Assurance reviews could be welcome filip but 'audi...

Assurance reviews could prove viable alternative for registered auditors fleeing the market, but banks are yet to fully grasp the product Read More...

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Haddrill appointed new chair of global RICS Regulatory Board
People Business

Haddrill appointed new chair of global RICS Regulatory Board

9y Chris Warmoll , Writer

Haddrill appointed new chair of global RICS Regula...

The RICS regulatory board oversees the regulatory framework for more than 120,000 chartered surveyors, globally Read More...

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FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset rules
Accounting Firms

FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset ...

9y Chris Warmoll , Writer

FRC to probe KPMG over role in BNY Mellon complian...

The probe concerns the bank's London branch and BNY Mellon International and relates to KPMG's role in reporting to the FSA on BNY Mellon's compliance...

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Industry bodies express delight at EC embrace of IFRS report
Accounting Standards

Industry bodies express delight at EC embrace of IFRS report

9y Chris Warmoll , Writer

Industry bodies express delight at EC embrace of I...

IFRS in the EU was aimed at improving the efficiency of EU capital markets by enhancing levels of transparency and the more meaningful comparisons of ...

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One in 20 registered audit firms quit the market in last year
Audit

One in 20 registered audit firms quit the market in last year

9y Richard Crump , Writer

One in 20 registered audit firms quit the market i...

Latest statistics from the FRC show continuing decline in number of registered audit firms Read More...

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Jailed Torex fraudster to face FRC tribunal
People Business

Jailed Torex fraudster to face FRC tribunal

9y Chris Warmoll , Writer

Jailed Torex fraudster to face FRC tribunal

Mark Woodbridge, jailed for three years and ten months, was the former group financial accountant of Torex Retail Read More...

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FRC files complaint against former iSoft execs
Regulatory Bodies

FRC files complaint against former iSoft execs

9y Richard Crump , Writer

FRC files complaint against former iSoft execs

Watchdog files formal complaint against former management team at iSoft, almost ten years after ‘accounting irregularities' were discovered at softwar...

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Colin: FRC hopes that 'every little helps' in retail scrutiny
Audit

Colin: FRC hopes that 'every little helps' in retail scrutiny

9y Taking Stock

Colin: FRC hopes that 'every little helps' in reta...

Colin was tickled when he heard the FRC will scrutinise retail audits Read More...

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FRC criticises PwC over missing UK audit disclosure
Audit

FRC criticises PwC over missing UK audit disclosure

9y Chris Warmoll , Writer

FRC criticises PwC over missing UK audit disclosur...

FRC criticism made as it examined 22 audit engagements undertaken by the Big Four firm, which amassed £1.025bn from its assurance arm in the year endi...

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FRC concerned over BDO's audit scepticism levels
Accounting Firms

FRC concerned over BDO's audit scepticism levels

9y Kevin Reed , Writer

FRC concerned over BDO's audit scepticism levels

FRC concerned about level of auditor scepticism in six of eight audits reviewed Read More...

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Watchdog tells KPMG to revise materiality guidance
Accounting Firms

Watchdog tells KPMG to revise materiality guidance

9y Richard Crump , Writer

Watchdog tells KPMG to revise materiality guidance

KPMG told to take "prompt action" to review and revise its audit guidance on materiality Read More...

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EY pulled up over audit of revenue
Accounting Firms

EY pulled up over audit of revenue

9y Richard Crump , Writer

EY pulled up over audit of revenue

FRC criticises EY over the firm's audit of revenue but finds that overall quality of its work has improved Read More...

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Deloitte improves quality of audit offering
Accounting Firms

Deloitte improves quality of audit offering

9y Richard Crump , Writer

Deloitte improves quality of audit offering

Of the 20 audit engagements undertaken by Deloitte reviewed by the FRC, 15 were performed to a good standard with limited improvements required Read M...

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Video: Friday Afternoon Live - Amazon's tax move and audit quality in the UK
Accounting Standards

Video: Friday Afternoon Live - Amazon's tax move and audit quality in the U...

9y Richard Crump , Writer

Video: Friday Afternoon Live - Amazon's tax move a...

Amazon's corporation tax move, audit quality and prudence are the topics of the Friday Afternoon Live Read More...

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Tesco accounting scandal prompts FRC to scrutinise retail sector audits
Audit

Tesco accounting scandal prompts FRC to scrutinise retail sector audits

9y Richard Crump , Writer

Tesco accounting scandal prompts FRC to scrutinise...

FRC plans to make the retail sector a priority sector for audit inspections this year; finds overall audit quality has improved Read More...

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FRC scraps probe into BDO's role as Healthcare Locums auditor
Accounting Firms

FRC scraps probe into BDO's role as Healthcare Locums auditor

9y Richard Crump , Writer

FRC scraps probe into BDO's role as Healthcare Loc...

Accounting watchdog closes investigation into BDO's role in signing off the accounts of Healthcare Locums Read More...

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Watchdog issues review of audit governance code
Audit

Watchdog issues review of audit governance code

9y Chris Warmoll , Writer

Watchdog issues review of audit governance code

The FRC issues a clarion call for the adoption of an independent voice at international level in the firms' global networks, as it launches audit gove...

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blur group finance chief leaves to face bankruptcy hearing
Legal

blur group finance chief leaves to face bankruptcy hearing

9y Chris Warmoll , Writer

blur group finance chief leaves to face bankruptcy...

Stephen Harvey's departure marks a triple whammy for the Exeter-based business, which has now lost its third finance chief in two years Read More...

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Deloitte sees record FRC fine of £14m over MG Rover role slashed to £3m
Accounting Firms

Deloitte sees record FRC fine of £14m over MG Rover role slashed to £3m

9y Chris Warmoll , Writer

Deloitte sees record FRC fine of £14m over MG Rove...

Record find levied against Deloitte by FRC over role at MG Rover slashed by £11m Read More...

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