Life after BHS, Carillion, & Patisserie Valerie: Is there light at the end of the tunnel for audit?

Audit Life after BHS, Carillion, & Patisserie Valerie: Is there light at the end of the tunnel for audit?

3y Lucy Skoulding, Reporter

Life after BHS, Carillion, & Patisserie Valerie: I...

In her final article for Accountancy Age, Lucy explores quality of audit in the past and now, and what the future of the profession looks like Read Mo...

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FRC strikes out at PwC's BHS audit quality following leaked report

Audit FRC strikes out at PwC's BHS audit quality following leaked report

4y Lucy Skoulding, Reporter

FRC strikes out at PwC's BHS audit quality followi...

The Financial Reporting Council has called PwC's audits of the collapsed BHS "inaccurate, and misleading" Read More...

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PwC auditor spent just two hours on BHS audit, says chairman

Audit PwC auditor spent just two hours on BHS audit, says chairman

4y Alia Shoaib, Reporter

PwC auditor spent just two hours on BHS audit, say...

In a damning email circulated to PwC partners, Kevin Ellis said Steve Denison spent only two hours on the audit and backdated his audit opinion Read M...

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PwC fined a record £10m over BHS audit

Audit PwC fined a record £10m over BHS audit

4y Alia Shoaib, Reporter

PwC fined a record £10m over BHS audit

The record fine comes after a two-year investigation into BHS’s 2014 audits, which PwC had signed off on just days before its sale for £1 Read More...

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Grant Thornton "content to take generous fees" despite BHS concerns, find committees

Accounting Firms Grant Thornton "content to take generous fees" despite BHS concerns, find committees

6y Kevin Reed, Writer

Grant Thornton "content to take generous fees" des...

Despite concerns over the viability of BHS, advisers including Grant Thornton were paid in the millions of pounds for their roles, according to the Wo...

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MPs call on FRC to widen BHS audit probe into PwC

Accounting Firms MPs call on FRC to widen BHS audit probe into PwC

6y Richard Crump, Writer

MPs call on FRC to widen BHS audit probe into PwC

MPs 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...

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FRC investigation launched into PwC's BHS audit

Audit FRC investigation launched into PwC's BHS audit

6y Kevin Reed, Writer

FRC investigation launched into PwC's BHS audit

The Financial Reporting Council has launched an investigation into the conduct of the Big Four firm in relation to its audit of BHS Read More...

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Sir Phillip Green shifts blame for BHS sale on to advisers Grant Thornton, Olswang and Goldman Sachs

Accounting Firms Sir Phillip Green shifts blame for BHS sale on to advisers Grant Thornton, Olswang and Goldman Sachs

6y Richard Crump, Writer

Sir Phillip Green shifts blame for BHS sale on to ...

Green appeared to shift the blame on advisers involved in the sale – Grant Thornton, Goldman Sachs and Olswang – for failing to raise concerns about D...

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Friday Afternoon Live: BHS/Austin Reed collapse, PwC board shakeup and some very sad news

Accounting Firms Friday Afternoon Live: BHS/Austin Reed collapse, PwC board shakeup and some very sad news

6y Fraser Simpson, Reporter

Friday Afternoon Live: BHS/Austin Reed collapse, P...

Richard Crump explores PwC's boardroom shakeup, and he runs through the latest developments with beleaguered retailers BHS and Austin Reed. Read More...

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BHS enters administration as Duff & Phelps fail to find suitable buyer

Accounting Firms BHS enters administration as Duff & Phelps fail to find suitable buyer

6y Fraser Simpson, Reporter

BHS enters administration as Duff & Phelps fail to...

The long-standing retail firm is to cease trading in the coming weeks after administrators failed to find a buyer Read More...

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Due diligence on BHS 'extensive' GT partner tells MPs

Accounting Firms Due diligence on BHS 'extensive' GT partner tells MPs

6y Chris Warmoll, Writer

Due diligence on BHS 'extensive' GT partner tells ...

The select committee heard that GT had not met up with the BHS pension scheme advisers or trustees, but had done so with Deloitte, Arcadia’s pension a...

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BHS collapse blamed as clothing retailer enters administration

Business Recovery BHS collapse blamed as clothing retailer enters administration

6y Chris Warmoll, Writer

BHS collapse blamed as clothing retailer enters ad...

Clothing firm behind Pretty Polly tights blames BHS for its collapse Read More...

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New consortium enters fray to buy BHS empire

Accounting Firms New consortium enters fray to buy BHS empire

6y Chris Warmoll, Writer

New consortium enters fray to buy BHS empire

Greg Tufnell, brother of former England cricketer and TV personality Phil, is reportedly leading the bid by Richess Group to secure control of retail...

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PwC questioned over BHS ‘going concern’ audit

Accounting Firms PwC questioned over BHS ‘going concern’ audit

6y Chris Warmoll, Writer

PwC questioned over BHS ‘going concern’ audit

BHS auditor PwC questioned over why it described the embattled retailer as a 'going concern' days before it was sold for £1 Read More...

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MPs hear from trio of Big Four firms over BHS advice

Accounting Firms MPs hear from trio of Big Four firms over BHS advice

6y Chris Warmoll, Writer

MPs hear from trio of Big Four firms over BHS advi...

KPMG raised concerns over Retail Acquisition's ability to continue to trade and fund both BHS Read More...

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MPs call firms to give evidence over BHS collapse

Accounting Firms MPs call firms to give evidence over BHS collapse

6y Chris Warmoll, Writer

MPs call firms to give evidence over BHS collapse

Deloitte partner Tony Clare, KPMG’s David Clarke and Richard Cousins of PwC are all due to appear before MPs on Monday Read More...

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New owners for distressed BHS set to be unveiled by Duff & Phelps

Audit New owners for distressed BHS set to be unveiled by Duff & Phelps

6y Chris Warmoll, Writer

New owners for distressed BHS set to be unveiled b...

Administrators set to reveal new owner for the retail chain, with three businessmen looking to take the reins of the distressed firm 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

6y 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 mulls BHS investigation

Business Recovery FRC mulls BHS investigation

6y 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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Friday Afternoon Live: BDO's new boss, BHS & Accountex

Accounting Firms Friday Afternoon Live: BDO's new boss, BHS & Accountex

6y Fraser Simpson, Reporter

Friday Afternoon Live: BDO's new boss, BHS & Accou...

Richard Crump discusses the latest accountancy news, including BDO's new managing partner, the crisis at BHS and Accountex. Read More...

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Insolvency Service to probe BHS director behaviour

Business Recovery Insolvency Service to probe BHS director behaviour

6y Chris Warmoll, Writer

Insolvency Service to probe BHS director behaviour

The fast-track move is a bold departure from the norm, as a probe would normally only begin several months after administrators had finished their own...

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MPs launch probe into BHS sale

Business Recovery MPs launch probe into BHS sale

6y Richard Crump, Writer

MPs launch probe into BHS sale

MPs launch probe into the sale of BHS that will look at role of auditors and accountancy firms in sale process Read More...

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Politicians call for probe into Green and BHS sale

Accounting Firms Politicians call for probe into Green and BHS sale

6y Chris Warmoll, Writer

Politicians call for probe into Green and BHS sale

Green sold BHS to Retail Acquisitions – led by a former bankrupt a - for £1, when it was saddled with debts over £1bn in debts and a £571m pension def...

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Duff & Phelps appointed administrator to struggling BHS

Accounting Firms Duff & Phelps appointed administrator to struggling BHS

6y Chris Warmoll, Writer

Duff & Phelps appointed administrator to strugglin...

BHS owners suggests Phil Duffy, a managing director at Duff & Phelps, has been appointed as administrator Read More...

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Creditors throw CVA lifeline to BHS

Business Recovery Creditors throw CVA lifeline to BHS

7y Chris Warmoll, Writer

Creditors throw CVA lifeline to BHS

The lifeline now looks set to protect the majority of its 10,000 staff working across its 164-strong store portfolio Read More...

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D-Day for BHS CVA vote

Accounting Firms D-Day for BHS CVA vote

7y Chris Warmoll, Writer

D-Day for BHS CVA vote

Creditors are set to meet today to vote on backing the CVA or placing the 90-year-old company into receivership Read More...

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BHS landlords query long-term future of distressed retailer

Business Recovery BHS landlords query long-term future of distressed retailer

7y Chris Warmoll, Writer

BHS landlords query long-term future of distressed...

Creditors are set to vote on the company voluntary arrangement (CVA) on 23 March 2016 Read More...

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KPMG prepares CVA for beleagured BHS empire

Business Recovery KPMG prepares CVA for beleagured BHS empire

7y Chris Warmoll, Writer

KPMG prepares CVA for beleagured BHS empire

CVA proposes to divides BHS's 164 stores into three main categories, based on commercial viability and strategic importance of each site Read More...

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