KPMG fined £1.25m for Carr’s Group audit breaches
Audit

KPMG fined £1.25m for Carr’s Group audit breaches

5d Accountancy Age

KPMG fined £1.25m for Carr’s Group audit breaches

KPMG 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...

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FRC sets out plans for UK sustainability assurance standard
Accounting Standards

FRC sets out plans for UK sustainability assurance standard

1w Accountancy Age

FRC sets out plans for UK sustainability assurance...

The Financial Reporting Council (FRC) has opened consultation on a proposed UK version of a new global sustainability assurance standard, aiming to gi...

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Shadow spend black hole swallows 10% of UK business expenditure
Business

Shadow spend black hole swallows 10% of UK business expenditure

4w Accountancy Age

Shadow spend black hole swallows 10% of UK busines...

Over half of UK businesses expect shadow spend to grow in the next year, triggering budget overspend and missed savings Read More...

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EY faces £2bn lawsuit over “extremely serious” audit failings at NMC Health
Audit

EY faces £2bn lawsuit over “extremely serious” audit failings at NMC Health

4w Accountancy Age

EY faces £2bn lawsuit over “extremely serious” aud...

The UK accounting watchdog has identified “extremely serious” failings in EY’s audits of NMC Health, according to claims aired at the High Court this ...

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Q&A: Menzies’ Simon Massey on why audit automation isn’t about replacing people
Accounting Firms

Q&A: Menzies’ Simon Massey on why audit automation isn’t about replacing pe...

2m Marina Mouka

Q&A: Menzies’ Simon Massey on why audit automation...

When Simon Massey became Managing Partner at Menzies three and a half years ago, he didn’t anticipate his role would involve overseeing the introducti...

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EY fined £4.9m for failing to meet standards in Thomas Cook audit
Audit

EY fined £4.9m for failing to meet standards in Thomas Cook audit

2m Marina Mouka

EY fined £4.9m for failing to meet standards in Th...

The Financial Reporting Council (FRC) has fined EY nearly £5m for “serious breaches of standards” in its audits of Thomas Cook’s financial statements ...

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Bishop Fleming reveals new round of promotions
Accounting Firms

Bishop Fleming reveals new round of promotions

2m Accountancy Age

Bishop Fleming reveals new round of promotions

Bishop Fleming, a leading UK-based audit, accountancy, tax, and advisory firm, has announced a significant round of promotions across its operations i...

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EY announces AI integration into global Assurance technology platform
AI in Accounting

EY announces AI integration into global Assurance technology platform

2m Accountancy Age

EY announces AI integration into global Assurance ...

EY has launched the next phase of its US$1 billion technology investment, introducing AI-powered capabilities to its global Assurance platform. This m...

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Forvis Mazars UK reports 15th consecutive year of growth
Accounting Firms

Forvis Mazars UK reports 15th consecutive year of growth

2m Accountancy Age

Forvis Mazars UK reports 15th consecutive year of ...

Forvis 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...

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PwC fined £2.9m over audit failures at Gupta’s Wyelands Bank
Accounting Firms

PwC fined £2.9m over audit failures at Gupta’s Wyelands Bank

3m Marina Mouka

PwC fined £2.9m over audit failures at Gupta’s Wye...

The 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...

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EY and AuditBoard launch UK Centre of Excellence for risk and compliance
Accounting Firms

EY and AuditBoard launch UK Centre of Excellence for risk and compliance

3m Accountancy Age

EY and AuditBoard launch UK Centre of Excellence f...

AuditBoard 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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ICAEW and CIPFA call for broader climate disclosures to prevent greenwashing
Accounting Standards

ICAEW and CIPFA call for broader climate disclosures to prevent greenwashin...

3m Accountancy Age

ICAEW and CIPFA call for broader climate disclosur...

Accountancy bodies urge IPSASB to expand scope of public sector climate reporting Read More...

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PwC leads FTSE as PKF Littlejohn eyes top spot in AIM auditor rankings
Accounting Firms

PwC leads FTSE as PKF Littlejohn eyes top spot in AIM auditor rankings

4m Accountancy Age

PwC leads FTSE as PKF Littlejohn eyes top spot in ...

As UK audit firms reshuffle their client portfolios, the latest Corporate Advisers Rankings Guide (CARG) for Q1 2025 highlights shifting competitive d...

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Ethics in accounting: Can firms restore public trust?
Accounting Firms

Ethics in accounting: Can firms restore public trust?

5m Accountancy Age

Ethics in accounting: Can firms restore public tru...

Over the past five years, accounting firms have faced penalties exceeding $100 million globally for lapses tied to ethical breaches, according to a re...

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FRC warns of critical fault lines in NHS audit market
Audit

FRC warns of critical fault lines in NHS audit market

6m Accountancy Age

FRC warns of critical fault lines in NHS audit mar...

The Financial Reporting Council (FRC) has released initial findings from its ongoing examination of the NHS audit market, revealing significant obstac...

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Fee shuffle: Accountants tune into the market rhythm
Invoicing

Fee shuffle: Accountants tune into the market rhythm

2y Accountancy Age

Fee shuffle: Accountants tune into the market rhyt...

Explore how accountants master the art of communicating fee changes, balancing numbers with nuanced client relationships Read More...

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Embankment's bird of prey
Accounting Firms

Embankment's bird of prey

14y Taking Stock

Embankment's bird of prey

Kite flying taken to a whole new level Read More

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Francis Maude's Efficiency and Reform Group means business
Business Recovery

Francis Maude's Efficiency and Reform Group means business

15y Martin Williams

Francis Maude's Efficiency and Reform Group means ...

IN JULY last year, the coalition government made it clear that to save frontline public services it would look to save billions through a more profess...

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