FRC launches investigation into Lookers audit

Big Four FRC launches investigation into Lookers audit

8m 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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ACCA director: Cost of insolvency regulation unsustainable

Insolvency ACCA director: Cost of insolvency regulation unsustainable

10m Aoife Morgan

ACCA director: Cost of insolvency regulation unsus...

Association relinquishing RPB authority Read More...

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Accounting bodies call for improved reporting on UN's SDG

Green Accounting bodies call for improved reporting on UN's SDG

2y Leanna Reeves

Accounting bodies call for improved reporting on U...

The revised version of the Sustainable Development Goals Disclosure (SDGD) demands firms to further include sustainable development risks within their...

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SAIs: strengthening the government audit function internationally

Governance SAIs: strengthening the government audit function internationally

2y Salema Hafiz, CIPFA, International Acting Divisional Director

SAIs: strengthening the government audit function ...

SAIs are essential for good governance in any country. In addition to holding their government to account by scrutinising the legality and accuracy of...

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‘Status, scope and skills of internal audit’ must be increased says Chartered IIA

Audit ‘Status, scope and skills of internal audit’ must be increased says Chartered IIA

2y Paul Hanaphy

‘Status, scope and skills of internal audit’ must ...

Major accountancy bodies support new code after string of audit-related business collapses in recent years. Read More...

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Loan Charge reforms backed by independent review and HMRC

HMRC Loan Charge reforms backed by independent review and HMRC

2y Shannon Moyer

Loan Charge reforms backed by independent review a...

Sir Amyas Morse’s independent review into the Loan Charge includes a series of middle-ground reforms which aim to balance taxpayers’ responsibility al...

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Audit quality: Why do FRC fines keep increasing?

Regulatory Bodies Audit quality: Why do FRC fines keep increasing?

2y Leanna Reeves

Audit quality: Why do FRC fines keep increasing?

As the value of fines on audit firms issued by the FRC increases, experts reflect on why the regulator’s approach has changed and how this has impacte...

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FRC extends Thomas Cook investigation to more statements audited by EY

Accounting Firms FRC extends Thomas Cook investigation to more statements audited by EY

2y Chris Jewers

FRC extends Thomas Cook investigation to more stat...

The UK’s audit and accountancy watchdog has announced it will expand its investigation into EY’s auditing of Thomas Cook’s financial statements to inc...

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FRC revises standards in bid to strengthen audit confidence

Accounting Standards FRC revises standards in bid to strengthen audit confidence

2y Chris Jewers

FRC revises standards in bid to strengthen audit c...

The FRC has issued revised ethical and auditing standards in an effort to strengthen auditor independence and ban conflicts of interest. Read More...

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Treasury committee requests review into ‘broken’ business rates

Governance Treasury committee requests review into ‘broken’ business rates

2y Chris Jewers

Treasury committee requests review into ‘broken’ b...

AAT specifically referenced in Treasury Select Committee’s report into business rates, which has requested the government to review the system and fin...

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VATGlobal launches European VAT information portal vlearn

Brexit & Economy VATGlobal launches European VAT information portal vlearn

2y Leanna Reeves

VATGlobal launches European VAT information portal...

To promote regulatory knowledge, the new platform ‘vlearn’ is the first key central repository for EU VAT information for businesses to use themselves...

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FRC launches investigation into EY's Thomas Cook auditing

Big Four FRC launches investigation into EY's Thomas Cook auditing

2y Shannon Moyer

FRC launches investigation into EY's Thomas Cook a...

Following the collapse of Thomas Cook, the regulatory body has launched an investigation into EY's auditing practices within the travel company for th...

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FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

4y Alia Shoaib, Reporter

FRC urged to fine Big Four firms penalties over £1...

An independent review suggested fines of £10m or over would be appropriate in instances of “seriously poor” audit work Read More...

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FCA fines Merrill Lynch £34.5m over reporting failures

Business Regulation FCA fines Merrill Lynch £34.5m over reporting failures

4y Alia Shoaib, Reporter

FCA fines Merrill Lynch £34.5m over reporting fail...

This is the first enforcement action against a business by the watchdog over failing to report transactions of this kind Read More...

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Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

5y Stephanie Wix, Writer

Treasury Select Committee report released on Makin...

Committee expresses concern about costs to businesses and April 2018 implementation date Read More...

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ACCA and Morison KSi sign global MOU

Accounting Standards ACCA and Morison KSi sign global MOU

5y Stephanie Wix, Writer

ACCA and Morison KSi sign global MOU

ACCA and Morison KSi have signed a global Memorandum of Understanding (MOU) to raise accountancy profession standards Read More...

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HMRC cuts over 150 offices to reduce running costs

Corporate Tax HMRC cuts over 150 offices to reduce running costs

5y Stephanie Wix, Writer

HMRC cuts over 150 offices to reduce running costs

Drastically fewer offices for HMRC in the hope to reduce their running costs Read More...

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Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

Accounting Standards Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

5y Kevin Reed, Writer

Ex-RSM Tenon CEO fined; ex-FD and PwC face complai...

Former RSM Tenon CEO Andy Raynor fined and reprimanded over its accounting, with both its former FD and auditor PwC facing complaints from the FRC Rea...

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Sports Direct implements FRC corrections in annual reporting

Accounting Standards Sports Direct implements FRC corrections in annual reporting

5y Stephanie Wix, Writer

Sports Direct implements FRC corrections in annual...

Corrective action has been taken by Sports Direct into its international stores reporting, following a review by accounting's watchdog Read More...

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CIIA appoints ex-FRC chief Paul Boyle as president

Company News CIIA appoints ex-FRC chief Paul Boyle as president

5y Stephanie Wix, Writer

CIIA appoints ex-FRC chief Paul Boyle as president

Paul Boyle is appointed as the president of the Chartered Institute of Internal Auditors Read More...

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FRC appoints former ICAEW president to its board

People Practice FRC appoints former ICAEW president to its board

5y Stephanie Wix, Writer

FRC appoints former ICAEW president to its board

Paul Druckman has been appointed to the board of the Financial Reporting Council (FRC) Read More...

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Nine steps for managing an accountancy disciplinary investigation

Accounting Firms Nine steps for managing an accountancy disciplinary investigation

5y Accountancy Age, Reporters

Nine steps for managing an accountancy disciplinar...

Do you have an investigation looming large over you? Kingsley Napley's Julie Matheson goes through the best strategies to manage the process Read More...

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CIMA opens door to CIPFA members

Accounting Standards CIMA opens door to CIPFA members

5y Stephanie Wix, Writer

CIMA opens door to CIPFA members

An accelerated entry route into CIMA for CIPFA members is launched Read More...

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Former CFO joins IASB board

Accounting Standards Former CFO joins IASB board

5y Stephanie Wix, Writer

Former CFO joins IASB board

The International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017 Read More...

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ACCA announces partnership with RD Tax Solutions

Accounting Standards ACCA announces partnership with RD Tax Solutions

5y Stephanie Wix, Writer

ACCA announces partnership with RD Tax Solutions

The ACCA has announced a partnership with UK research and development tax reclaim specialist RD Tax Solutions Read More...

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Watchdog launches audit investigation into Sports Direct

Accounting Firms Watchdog launches audit investigation into Sports Direct

5y Stephanie Wix, Writer

Watchdog launches audit investigation into Sports ...

FRC investigates why an arrangement between Sports Direct and Barlin Delivery was not disclosed in the company’s financial statements as a related par...

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Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

5y Kevin Reed, Writer

Friday Afternoon Live: HMRC complaints rise; Deloi...

HMRC receives highest number of complaints in seven years; Deloitte scoops BP and Centrica audits; and corporate reporting under the microscope in our...

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