The crucial role of auditors and accountants in the climate change fight

Audit The crucial role of auditors and accountants in the climate change fight

9m Simon Konsta, Disputes partner, DAC Beachcroft

The crucial role of auditors and accountants in th...

With climate litigation on the rise, boardroom behaviour must adapt - accountants and auditors are central to this Read More...

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FRC announces major overhaul of UK Corporate Governance Code

Audit FRC announces major overhaul of UK Corporate Governance Code

10m Sam Alberti

FRC announces major overhaul of UK Corporate Gover...

The proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...

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FRC minimum standard for audit committees ‘a step in the right direction’

Audit FRC minimum standard for audit committees ‘a step in the right direction’

10m Greg Noble

FRC minimum standard for audit committees ‘a step ...

But it may not be the solution to building consistently high-quality audits Read More...

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FRC to investigate Deloitte’s audit of Joules

Audit FRC to investigate Deloitte’s audit of Joules

10m Greg Noble

FRC to investigate Deloitte’s audit of Joules

The investigation comes six months after Deloitte were hit with a £1.25m fine Read More...

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Professional scepticism requires ‘right’ culture

Accounting Firms Professional scepticism requires ‘right’ culture

11m Greg Noble

Professional scepticism requires ‘right’ culture

Hill says the main issue regarding professional scepticism is human behaviour, particularly when working towards tight deadlines and budgets Read More...

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KPMG sanctioned for ‘rudimentary’ failings over The Works audit

Audit KPMG sanctioned for ‘rudimentary’ failings over The Works audit

11m Greg Noble

KPMG sanctioned for ‘rudimentary’ failings over Th...

The FRC has said the admitted failings were "rudimentary and should not have occurred" Read More...

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FRC initiates investigation into EY's audit of Made.com

Accounting Firms FRC initiates investigation into EY's audit of Made.com

11m Greg Noble

FRC initiates investigation into EY's audit of Mad...

This is the second investigation the FRC has commenced into audits by EY this week Read More...

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EY split timeline: The abandoned break-up plan

Audit EY split timeline: The abandoned break-up plan

11m Sam Alberti

EY split timeline: The abandoned break-up plan

After years of deliberations and millions of dollars spent, EY has officially pulled the plug on its greatly anticipated break-up plan Read More...

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Changes abound – adapting to the new audit landscape

Audit Changes abound – adapting to the new audit landscape

1y Phil Crooks

Changes abound – adapting to the new audit landsca...

Phil Crooks, managing director at Berkeley Research Group, outlines the key changes to the audit landscape in 2023. Read More...

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Carillion scandal highlights lack of ‘real competitors’ in UK audit

Audit Carillion scandal highlights lack of ‘real competitors’ in UK audit

1y Sam Alberti

Carillion scandal highlights lack of ‘real competi...

KPMG's settlement of the £1.3bn legal claim highlights longstanding weaknesses in the audit sector, experts say Read More...

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Mazars: ‘Accounting issue’ to blame for local authority audit delays

Audit Mazars: ‘Accounting issue’ to blame for local authority audit delays

1y Sam Alberti

Mazars: ‘Accounting issue’ to blame for local auth...

Challenges with the valuation of infrastructure assets have proven to be a key barrier for audit firms Read More...

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FRC chief to stand down amid “pivotal” time for audit reform

Audit FRC chief to stand down amid “pivotal” time for audit reform

1y Sam Alberti

FRC chief to stand down amid “pivotal” time for au...

Sir Jon Thompson will begin leading the HS2 project with immediate effect Read More...

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Just 12% of local authority audits completed on time, data suggests

Audit Just 12% of local authority audits completed on time, data suggests

1y Sam Alberti

Just 12% of local authority audits completed on ti...

The NAO has warned that these figures pose a threat to accountability in local government Read More...

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Deloitte hit with £1.25m FRC fine over SIG audit

Accounting Firms Deloitte hit with £1.25m FRC fine over SIG audit

1y Sam Alberti

Deloitte hit with £1.25m FRC fine over SIG audit

The Big Four firm was found guilty of breaches in relation to cash and the audit of supplier rebates Read More...

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A4S Summit 2022: Audit key to mitigating greenwashing

Accounting Firms A4S Summit 2022: Audit key to mitigating greenwashing

1y Greg Noble

A4S Summit 2022: Audit key to mitigating greenwash...

Audit is integral to tackling greenwashing in global markets, according to industry experts   Read More...

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Top 50+50 2022: Data highlights significant fee income growth across the industry due to increased client demand

Audit Top 50+50 2022: Data highlights significant fee income growth across the industry due to increased client demand

1y Greg Noble

Top 50+50 2022: Data highlights significant fee in...

The wider UK economy continues to struggle in the wake of the pandemic, but increased client demand for accounting and advisory services saw firms rep...

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FRC introduces new measures to support smaller audit firms and ‘improve competition’

Audit FRC introduces new measures to support smaller audit firms and ‘improve competition’

1y Greg Noble

FRC introduces new measures to support smaller aud...

The audit regulator announced new supervisory measures to help smaller audit firms grab market share Read More...

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Q&A: Mazars audit partner Andrew Jones

Accounting Firms Q&A: Mazars audit partner Andrew Jones

1y Greg Noble

Q&A: Mazars audit partner Andrew Jones

Accountancy Age spoke with Mazars’ newly appointed audit partner, Andrew Jones, who outlined his reasoning behind taking the role and what he believes...

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FRC to address ‘failing audit market’ with competitiveness measures

Audit FRC to address ‘failing audit market’ with competitiveness measures

1y Sam Alberti

FRC to address ‘failing audit market’ with competi...

The Financial Reporting Council (FRC) has unveiled plans to stimulate competition and resilience in the UK audit market, with a view to remedying the ...

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Audit reform causing work to ‘cascade down’ through the market

Audit Audit reform causing work to ‘cascade down’ through the market

1y Paul Hanaphy

Audit reform causing work to ‘cascade down’ throug...

Industry leaders say audit changes are already creating opportunities for mid-tier firms Read More...

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UK government must ‘get on’ with audit reform, industry body says

Audit UK government must ‘get on’ with audit reform, industry body says

1y Sam Alberti

UK government must ‘get on’ with audit reform, ind...

The urgency for reform is greater than ever due to the weakening economy, the Chartered IIA argued Read More...

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ESG demand will force structure shift among audit firms, experts say

Audit ESG demand will force structure shift among audit firms, experts say

2y Sam Alberti

ESG demand will force structure shift among audit ...

A new ‘coexistence’ of financial audit and ESG advisory teams could emerge due to the nature of sustainability assurance services Read More...

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Audit under fire: Is the worst yet to come?

Audit Audit under fire: Is the worst yet to come?

2y Phil Crooks

Audit under fire: Is the worst yet to come?

Auditors have been feeling the heat recently after a series of high-profile failures, but what lies ahead and are they solely to blame? Read More...

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Audit Quality Review: “Long-term improvement” still required, FRC says

Accounting Firms Audit Quality Review: “Long-term improvement” still required, FRC says

2y Rebecca Whittaker

Audit Quality Review: “Long-term improvement” stil...

The FRC regulator’s audit quality scores show a slight improvement despite “unacceptable” reviews from Mazars and BDO Read More...

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Audit firms asked to address exam cheating following Big Four scandals

Accounting Firms Audit firms asked to address exam cheating following Big Four scandals

2y Rebecca Whittaker

Audit firms asked to address exam cheating followi...

The FRC intervention to prevent cheating in the UK follows huge fines issued to firms in the US, Australia, and Canada Read More...

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Grant Thornton handed £2m fine by FRC over “fundamental” failings in Sports Direct audit

Accounting Firms Grant Thornton handed £2m fine by FRC over “fundamental” failings in Sports Direct audit

2y Sam Alberti

Grant Thornton handed £2m fine by FRC over “fundam...

The judgement concludes more than five years of probes into the audit firm’s accounts Read More...

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Accounting watchdog fines Laura Ashley auditor over “serious” breaches

Administration Accounting watchdog fines Laura Ashley auditor over “serious” breaches

2y Rebecca Whittaker

Accounting watchdog fines Laura Ashley auditor ove...

UHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...

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