The Financial Conduct Authority (FCA) has fined Barclays a combined £42 million for serious failings in its financial crime risk management, citing tw...
View articleThe British Standards Institution (BSI) has published a new international standard aimed at bringing structure, transparency, and trust to the rapidly...
View articleP&O Ferries has appointed a boutique Oxfordshire-based firm, Just Audit & Assurance (JAA), as its new auditor following the unexpected departu...
View articleThe Financial Reporting Council has sharply criticised BDO’s audit quality, calling its work “significantly short of expectations” and placing the fir...
View articleWhen right is nobody’s business, wrong sets the culture. The recent PCAOB fines totalling $8.5 million for cheating on ethics exams at Deloitte, PwC a...
View articleAgentic AI is pushing beyond routine automation, offering tax teams autonomous workflows, compliance insights, and specialist AI “colleagues.” Here’s ...
View articleIn a bid to future-proof the UK’s capital markets, ICAEW has outlined four principles to evolve the reporting accountant’s role, highlighting the bala...
View articleThe FRC has warned that big accountancy firms aren’t tracking how AI tools affect audit quality, raising concerns over oversight amid growing reliance...
View articleKPMG has been fined £1.25m by the Financial Reporting Council (FRC) over serious breaches of audit independence rules during its 2021 audit of farm an...
View articleThe Financial Reporting Council (FRC) has opened consultation on a proposed UK version of a new global sustainability assurance standard, aiming to gi...
View articleICAEW’s latest monitoring report finds that while most audits remain of acceptable quality, 10% were flagged for significant improvements, highlightin...
View articleThe UK accounting watchdog has identified “extremely serious” failings in EY’s audits of NMC Health, according to claims aired at the High Court this ...
View articleProtiviti’s Janet Barberis and Deepa Krishnamachari explain why internal auditors need a seat at the transformation table. Read More...
View articleThe percentage of companies engaged in sustainability reporting remained unchanged at 98% Read More...
View articleStaff blindsided as Big Four firm makes second round of cuts under US chief Paul Griggs Read More...
View articleP&O Ferries, the Dover-Calais operator owned by Dubai-based DP World, is facing new hurdles as it navigates ongoing financial and operational diff...
View articleThe Association of Chartered Certified Accountants (ACCA) has called for a more balanced approach to audit regulations for small and medium-sized ente...
View articleSaffery LLP, a prominent top-15 accounting and advisory firm, has announced the appointment of Ami Jack as a partner and head of its National Tax team...
View articleWith growing pressure on accountancy firms to modernise their operations and align with sustainability objectives, the shift to paperless audit system...
View articleThe Financial Reporting Council (FRC) has launched an investigation into EY’s audits of the Post Office, focusing on the period from March 2015 to Mar...
View articleWhen Simon Massey became Managing Partner at Menzies three and a half years ago, he didn’t anticipate his role would involve overseeing the introducti...
View articleThe Financial Reporting Council (FRC) has fined EY nearly £5m for “serious breaches of standards” in its audits of Thomas Cook’s financial statements ...
View articleBishop Fleming, a leading UK-based audit, accountancy, tax, and advisory firm, has announced a significant round of promotions across its operations i...
View articleEY has launched the next phase of its US$1 billion technology investment, introducing AI-powered capabilities to its global Assurance platform. This m...
View articleForvis Mazars has posted its fifteenth consecutive year of growth in the UK, reporting revenue of £362.4m for the year ending 31 August 2024—a rise of...
View articleThe Financial Reporting Council (FRC) has fined PwC £2.9 million and issued a severe reprimand over “serious failings” in its 2019 audit of Wyelands B...
View articleAuditBoard has expanded its strategic alliance with EY, introducing a Centre of Excellence in the UK to support organisations as they modernise risk m...
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