FRC consults on EU audit directive and regulation
Audit

FRC consults on EU audit directive and regulation

11y Chris Warmoll , Writer

FRC consults on EU audit directive and regulation

FRC seeking views on whether limits on non-audit services to PIEs or their controlled entities in Europe should apply to all audited group entities Re...

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New chief executive appointed at the Insolvency Service
People In Practice

New chief executive appointed at the Insolvency Service

11y Richard Crump , Writer

New chief executive appointed at the Insolvency Se...

Insolvency Service names Sarah Albon as new chief executive as it implements a five-year strategy Read More...

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FRC consults on FRS101 amendment
Accounting Standards

FRC consults on FRS101 amendment

11y Chris Warmoll , Writer

FRC consults on FRS101 amendment

Announcement is in line with the FRC’s commitment to update FRS 101 annually to ensure the reduced disclosure framework remains consistent with IFRS R...

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IASB pledges to maintain ‘strong’ bilateral relationship with FASB
Accounting Standards

IASB pledges to maintain ‘strong’ bilateral relationship with FASB

11y Richard Crump , Writer

IASB pledges to maintain ‘strong’ bilateral relati...

IASB vice-chairman Ian Mackintosh heralds achievements of convergence project at AICPA conference Read More...

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IASB seeks to widen global investor engagement in IFRS
Accounting Standards

IASB seeks to widen global investor engagement in IFRS

11y Chris Warmoll , Writer

IASB seeks to widen global investor engagement in ...

IASB seeks greater participation from international buy-side investor community Read More...

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Former Rangers owner Whyte in 15-year directorship ban
Business Recovery

Former Rangers owner Whyte in 15-year directorship ban

11y Calum Fuller , Reporter

Former Rangers owner Whyte in 15-year directorship...

Craig Whyte banned from holding company directorships after the Insolvency Service holds he acted without consultation with fellow directors Read More...

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FRC closes investigation into conduct of EY
Accounting Firms

FRC closes investigation into conduct of EY

11y Richard Crump , Writer

FRC closes investigation into conduct of EY

Investigation into conduct and a former ICAEW member scrapped by FRC Read More...

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SRA refines 'accountants report' exemption plans
Audit

SRA refines 'accountants report' exemption plans

11y Chris Warmoll , Writer

SRA refines 'accountants report' exemption plans

Solicitors regulator reveals phased approach to creating exemptions for lawyers from the accountants report Read More...

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RSM's Dohrer to join audit standards body IAASB
Audit

RSM's Dohrer to join audit standards body IAASB

11y Kevin Reed , Writer

RSM's Dohrer to join audit standards body IAASB

Bob Dohrer to hold three-year term at the audit standards body Read More...

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FRC publishes final guidance on going concern
Business Regulation

FRC publishes final guidance on going concern

11y Richard Crump , Writer

FRC publishes final guidance on going concern

FRC retains original wording of controversial going concern proposals in updated corporate governance code Read More...

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Newsham excluded from ICAEW after Worthington Nicholls hearing
Audit

Newsham excluded from ICAEW after Worthington Nicholls hearing

11y Kevin Reed , Writer

Newsham excluded from ICAEW after Worthington Nich...

Paul Newsham excluded from ICAEW membership following tribunal into his work on the audits of Worthington Nicholls Read More...

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Mazars agrees £2m settlement with accounting watchdog
Accounting Firms

Mazars agrees £2m settlement with accounting watchdog

11y Richard Crump , Writer

Mazars agrees £2m settlement with accounting watch...

Mazars fined and severely reprimanded by the FRC over its conduct and that its London managing partner Richard Karmel Read More...

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IASB confirms line-up of IFRS 9 implementation group
Accounting Standards

IASB confirms line-up of IFRS 9 implementation group

11y Richard Crump , Writer

IASB confirms line-up of IFRS 9 implementation gro...

The 12-strong panel includes members of the Big Four, along with representatives from Barclays, Bank of China and Deutsche Bank Read More...

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Deloitte accused of costing taxpayers £50m for botched administrations
Accounting Firms

Deloitte accused of costing taxpayers £50m for botched administrations

11y Richard Crump , Writer

Deloitte accused of costing taxpayers £50m for bot...

Big Four firm involved in more 20 administrations where it failed to correctly make workers redundant, IS numbers show Read More...

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PwC fined $25m over consulting work for Japanese bank
Accounting Firms

PwC fined $25m over consulting work for Japanese bank

11y Richard Crump , Writer

PwC fined $25m over consulting work for Japanese b...

PwC’s US arm fined and banned from some consulting work over misconduct during work at Bank of Tokyo-Mitsubishi Read More...

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FRC chairman Bischoff to head JP Morgan’s European arm
People Business

FRC chairman Bischoff to head JP Morgan’s European arm

11y Naomi Rainey

FRC chairman Bischoff to head JP Morgan’s European...

Watchdog denies any conflict of interest in the chairman role, which has been approved by UK financial regulators Read More...

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FRC to probe Grant Thornton’s AssetCo audit work
Accounting Firms

FRC to probe Grant Thornton’s AssetCo audit work

11y Naomi Rainey

FRC to probe Grant Thornton’s AssetCo audit work

Watchdog launches investigation as Grant Thornton faces £50.8m claim for negligence from the former providers of London’s fire engines Read More...

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IASB scraps dual lease accounting model
Accounting Standards

IASB scraps dual lease accounting model

11y Richard Crump , Writer

IASB scraps dual lease accounting model

IASB reverts to single model for lease expenses, scrapping the dual approach agreed with US counterpart FASB last year Read More...

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EY drawn into C2000 audit investigation
Accounting Firms

EY drawn into C2000 audit investigation

11y Richard Crump , Writer

EY drawn into C2000 audit investigation

FRC extends scope of investigation into C2000 accounts to include EY audit work Read More...

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Banks take a forward view of losses under new IFRS rule
Accounting Standards

Banks take a forward view of losses under new IFRS rule

11y Richard Crump , Writer

Banks take a forward view of losses under new IFRS...

IASB issues finished financial instruments accounting standard, but fails in convergence attempts with FASB Read More...

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‘Rising concerns’ over NHS trusts' finances
Audit

‘Rising concerns’ over NHS trusts' finances

11y Naomi Rainey

‘Rising concerns’ over NHS trusts' finances

More than a third of health bodies’ audits find value for money issues, Audit Commission reveals Read More...

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FRC reveals ‘struggle’ in IASB discussions
Accounting Standards

FRC reveals ‘struggle’ in IASB discussions

11y Naomi Rainey

FRC reveals ‘struggle’ in IASB discussions

Working with international standards body "like pushing water uphill", Haddrill admits Read More...

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MPs to grill FRC over going concern
Politics

MPs to grill FRC over going concern

11y Richard Crump , Writer

MPs to grill FRC over going concern

Sir Win Bischoff and Stephen Haddrill face House of Lords Economic Affairs Committee grilling over going concern Read More...

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FRC consults on local audit regulation
Audit

FRC consults on local audit regulation

11y Richard Crump , Writer

FRC consults on local audit regulation

Accounting regulator launches consultation on audit of local public bodies Read More...

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US and China commit to cross-border audit inspections
Audit

US and China commit to cross-border audit inspections

11y Richard Crump , Writer

US and China commit to cross-border audit inspecti...

US audit watchdog expects to conduct inspections of mainland Chinese audit firms by the end of the year Read More...

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IFRS chair opens door for 'prudence' reintroduction
Accounting Standards

IFRS chair opens door for 'prudence' reintroduction

11y Richard Crump , Writer

IFRS chair opens door for 'prudence' reintroductio...

IFRS Foundation chair suggests prudence should be reinserted into conceptual framework Read More...

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Interview: Michel Prada defends IFRS Foundation governance
Corporate Governance

Interview: Michel Prada defends IFRS Foundation governance

11y Richard Crump , Writer

Interview: Michel Prada defends IFRS Foundation go...

Michel Prada tells Accountancy Age that criticism of IFRS Foundation governance structure is 'unfair' Read More...

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