‘Tick-box’ fears over FRC’s revised auditing standard on fraud

Audit ‘Tick-box’ fears over FRC’s revised auditing standard on fraud

1w Tom Lemmon

‘Tick-box’ fears over FRC’s revised auditing stand...

FRC’s revised ISA (UK) 240 standard draws mixed response Read More...

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FRC launches investigation into Lookers audit

Big Four FRC launches investigation into Lookers audit

3m Aoife Morgan

FRC launches investigation into Lookers audit

Regulatory body has launched an investigation into Deloitte’s auditing practices for the years ending 2017 and 2018 Read More...

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Sir Martin Sorrell: Reforms contradict policy

Audit Sir Martin Sorrell: Reforms contradict policy

3m Tom Lemmon

Sir Martin Sorrell: Reforms contradict policy

Former CEO of FTSE 100 company WPP concerned reforms may discourage listing in the UK Read More...

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‘Once in a generation’ audit reforms published

Accounting Firms ‘Once in a generation’ audit reforms published

3m Tom Lemmon

‘Once in a generation’ audit reforms published

Breaking news and reaction as BEIS publish consultation white paper outlining steps for audit and corporate governance reform Read More...

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Big Four “jumping before they’re pushed” ahead of audit reforms

Audit Big Four “jumping before they’re pushed” ahead of audit reforms

3m Aoife Morgan

Big Four “jumping before they’re pushed” ahead of ...

KPMG UK confirms sale of restructuring arm to HIG Capital in £400m deal Read More...

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Audit reforms will be published ‘shortly’ says government

Audit Audit reforms will be published ‘shortly’ says government

3m Tom Lemmon

Audit reforms will be published ‘shortly’ says gov...

Industry fears delay after reports that Downing St was blocking publication Read More...

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Budget 2021: Pandemic could trigger a review of UK tax policy

Big Four Budget 2021: Pandemic could trigger a review of UK tax policy

3m Amanda Tickel

Budget 2021: Pandemic could trigger a review of UK...

Timing is everything when it comes to tax rises says Amanda Tickel, Deloitte’s new head of tax policy Read More...

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KPMG UK assembles most diverse board in its 150-year history

Big Four KPMG UK assembles most diverse board in its 150-year history

4m Aoife Morgan

KPMG UK assembles most diverse board in its 150-ye...

The Big Four firm has assembled the most diverse board of directors in its 150-year history following the departure of its former chairman and senior ...

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Audit reforms must not descend into ‘checklist’ exercise

Audit Audit reforms must not descend into ‘checklist’ exercise

4m Tom Lemmon

Audit reforms must not descend into ‘checklist’ ex...

Government must be wary of following Sarbanes-Oxley pitfalls, says Engine B’s head of audit Read More...

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Mazars global head: Audit reforms having little impact

Accounting Firms Mazars global head: Audit reforms having little impact

4m Tom Lemmon

Mazars global head: Audit reforms having little im...

Auditors outside of the Big Four yet to step into FTSE 100 market Read More...

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KPMG chief economist: Negative interest rates ‘unlikely’ but government support key

Big Four KPMG chief economist: Negative interest rates ‘unlikely’ but government support key

4m Tom Lemmon

KPMG chief economist: Negative interest rates ‘unl...

ACCA adds that “fear indices” are still unusually high Read More...

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Video: Tech no ‘silver bullet’ for audit

Audit Video: Tech no ‘silver bullet’ for audit

5m Tom Lemmon

Video: Tech no ‘silver bullet’ for audit

Audit technology will be a valuable tool but can’t singlehandedly prevent further scandals Read More...

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Report: Auditors brace for “imminent” proposals

Audit Report: Auditors brace for “imminent” proposals

7m Tom Lemmon

Report: Auditors brace for “imminent” proposals

BEIS’s initial recommendations and consultations on audit reform expected to be made public before Christmas with full implementation in 2023 Read Mor...

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Industry divided over SEC auditor independence reforms

Audit Industry divided over SEC auditor independence reforms

7m Tom Lemmon

Industry divided over SEC auditor independence ref...

The US Securities and Exchange Commission (SEC)’s reforms to the Auditor Independence Framework have exposed deep divisions in the sector over where t...

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Deloitte partners face £19m insolvency lawsuit

Big Four Deloitte partners face £19m insolvency lawsuit

9m Tom Lemmon

Deloitte partners face £19m insolvency lawsuit

Relationship between insolvency practitioners and banks under spotlight again Read More...

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Auditors must “stop pretending” it’s not their job to catch fraud

Audit Auditors must “stop pretending” it’s not their job to catch fraud

9m Tom Lemmon

Auditors must “stop pretending” it’s not their job...

President and founder of audit tech company Confirmation calls on auditors to get serious about catching fraud Read More...

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BEIS committee MP calls for patience over audit reform

Audit BEIS committee MP calls for patience over audit reform

11m Tom Lemmon

BEIS committee MP calls for patience over audit re...

Conservative MP “wouldn’t read into” failure of government to bring legislation forward since the Brydon report was published Read More...

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FRC urges government to implement audit reform

Audit FRC urges government to implement audit reform

11m Tom Lemmon

FRC urges government to implement audit reform

Principles for operational separation of audit were released yesterday by the FRC, but new legislation is needed for next steps Read More...

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Audit shake-up a good 'first step'

Audit Audit shake-up a good 'first step'

11m Tom Lemmon

Audit shake-up a good 'first step'

FRC has announced plans for the ‘operational separation’ of audit practices Read More...

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EY’s Wirecard audit exposes potential fraud

Audit EY’s Wirecard audit exposes potential fraud

12m Shannon Moyer

EY’s Wirecard audit exposes potential fraud

After a series of audits by EY and a special audit by KPMG, nearly €1.9bn remains unaccounted for Read More...

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Q&A: EY’s global vice chair of tax on a changing function

Big Four Q&A: EY’s global vice chair of tax on a changing function

1y Jeremy Chan

Q&A: EY’s global vice chair of tax on a changing f...

Accountancy Age sits down with Kate Barton to discuss the effects the pandemic is having on the tax function and what to expect going forward Read Mor...

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Wirecard audit procedures yet to be completed

Audit Wirecard audit procedures yet to be completed

1y Shannon Moyer

Wirecard audit procedures yet to be completed

EY audit of the financial services provider has been repeatedly deferred Read More...

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KPMG, PwC's Eddie Stobart audits under FRC investigation

Audit KPMG, PwC's Eddie Stobart audits under FRC investigation

1y Shannon Moyer

KPMG, PwC's Eddie Stobart audits under FRC investi...

Audits for Eddie Stobart’s 2017 and 2018 accounts found errors dating back several years Read More...

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BDO furloughs 700 employees, firms cut pay

Big Four BDO furloughs 700 employees, firms cut pay

1y Shannon Moyer

BDO furloughs 700 employees, firms cut pay

Mid-tier firm furloughs staff two weeks after attending a virtual meeting with several competitors on government assistance Read More...

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Reports suggest Big Four, BDO and Grant Thornton discuss furlough behind closed doors

Big Four Reports suggest Big Four, BDO and Grant Thornton discuss furlough behind closed doors

1y Shannon Moyer

Reports suggest Big Four, BDO and Grant Thornton d...

Top six UK accounting firms met virtually in a meeting organised by the ICAEW to discuss the potential hit their reputations would take if they utilis...

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FRC fines KPMG £700,000 for poor audit

Audit FRC fines KPMG £700,000 for poor audit

1y Tom Lemmon

FRC fines KPMG £700,000 for poor audit

The FRC has fined KPMG UK £700,000 and reprimanded KPMG UK’s former senior partner for Manchester, Nicola Quayle for a “failure to apply sufficient pr...

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Humphrey: Audit needs a dynamic repair

Audit Humphrey: Audit needs a dynamic repair

1y Tom Lemmon

Humphrey: Audit needs a dynamic repair

Manchester University’s Professor of accounting, Christopher Humphrey talks to Accountancy Age about the future of audit Read More...

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