EY welcomes ‘10 plus 10 regime' as BIS publishes EU ADR consultation
Audit

EY welcomes ‘10 plus 10 regime' as BIS publishes EU ADR consultation

8y Chris Warmoll , Writer

EY welcomes ‘10 plus 10 regime' as BIS publishes E...

The ‘10 plus 10 regime' will empower UK companies to retain incumbent auditor for 20 years, provided they tender by the 10th year Read More...

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Auditors to be hit with increased FRC levy demands as government funding ends
Accounting Standards

Auditors to be hit with increased FRC levy demands as government funding en...

8y Chris Warmoll , Writer

Auditors to be hit with increased FRC levy demands...

FRC will need to tap audit profession for funds necessary to support its expanded audit responsibilities under new EU rules Read More...

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FRC announces new committee appointments
Audit

FRC announces new committee appointments

8y Chris Warmoll , Writer

FRC announces new committee appointments

Keith Barton and Allister Wilson have now stepped down from the C&S Committee, the Actuarial Council and the Audit and Assurance Council Read More...

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blur group makes restatements following FRC probe
Regulatory Bodies

blur group makes restatements following FRC probe

9y Chris Warmoll , Writer

blur group makes restatements following FRC probe

blur has now made a prior year restatement reducing its reported revenues for the six months to 30 June 2014 by $3.4m Read More...

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FRC consults in readiness for EU audit rules
Accounting Standards

FRC consults in readiness for EU audit rules

9y Chris Warmoll , Writer

FRC consults in readiness for EU audit rules

The move marks FRC's latest foray into ramping up confidence in corporate governance and reporting by UK companies Read More...

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IASB to consult on interim measures for IFRS 9
Accounting Firms

IASB to consult on interim measures for IFRS 9

9y Chris Warmoll , Writer

IASB to consult on interim measures for IFRS 9

THE IASB is to consult on a package of temporary measures to address issues arising from the application of the financial instruments standard before ...

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Three ex-Big Five staffers join FRC's Conduct Committee
Regulatory Bodies

Three ex-Big Five staffers join FRC's Conduct Committee

9y Chris Warmoll , Writer

Three ex-Big Five staffers join FRC's Conduct Comm...

The Conduct Committee is responsible for overseeing the FRC's Conduct Division in its work promoting high quality corporate reporting Read More...

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Watchdog urges advisers to help clients with competition law
Accounting Standards

Watchdog urges advisers to help clients with competition law

9y Kevin Reed , Writer

Watchdog urges advisers to help clients with compe...

Competition and Markets Authority (CMA) provides advice to help accountants warn clients of competition rules Read More...

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Mid-tier firms avoid listed audits as high regulatory fees bite
Audit

Mid-tier firms avoid listed audits as high regulatory fees bite

9y Chris Warmoll , Writer

Mid-tier firms avoid listed audits as high regulat...

Mid-tier firms cite perfect storm of high fees, burdensome regulation and difficulty of building critical mass quickly, as audit becomes more trouble ...

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IASB proposes delay to accounting changes for associates and joint ventures
Business Regulation

IASB proposes delay to accounting changes for associates and joint ventures

9y Chris Warmoll , Writer

IASB proposes delay to accounting changes for asso...

The changes do not affect other aspects of how entities account for investments in associates and joint ventures Read More...

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IFRS expert Teixeira joins Deloitte
Accounting Standards

IFRS expert Teixeira joins Deloitte

9y Richard Crump , Writer

IFRS expert Teixeira joins Deloitte

Alan Teixeira, a leading technical expert in developing global accounting standards, will lead a new Deloitte IFRS research initiative Read More...

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KPMG facing probe as Quindell restates accounts
Accounting Firms

KPMG facing probe as Quindell restates accounts

9y Richard Crump , Writer

KPMG facing probe as Quindell restates accounts

KPMG's work as auditors of Quindell to be probed by FRC as troubled insurer's accounts reveal series of accounting errors Read More...

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IASB plans to clarify revenue recognition rules
Accounting Firms

IASB plans to clarify revenue recognition rules

9y Richard Crump , Writer

IASB plans to clarify revenue recognition rules

Proposed amendments address concerns raised by preparers at meetings of IFRS 15 transition group Read More...

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FRC delivers £3.3m budget saving
Business Regulation

FRC delivers £3.3m budget saving

9y Chris Warmoll , Writer

FRC delivers £3.3m budget saving

Audit quality review costs rocketed by almost a third but FRC makes overall budget saving Read More...

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IAASB issues exposure draft over auditor public interest drive
Audit

IAASB issues exposure draft over auditor public interest drive

9y Chris Warmoll , Writer

IAASB issues exposure draft over auditor public in...

The regulator says amendments need to be made to its own standards to enable auditors to operate in unison with the IESBA's Read More...

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Institutes retain regulatory powers over auditors
Accounting Standards

Institutes retain regulatory powers over auditors

9y Chris Warmoll , Writer

Institutes retain regulatory powers over auditors

Government also confirms that it has no intention to make statutory provision to regulate accountants Read More...

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Fraudster Woodbridge banned from profession for 10 years
People Business

Fraudster Woodbridge banned from profession for 10 years

9y Chris Warmoll , Writer

Fraudster Woodbridge banned from profession for 10...

Punishment meted out to former Torex accountant Mark Woodridge, following a disciplinary hearing led by FRC Read More...

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Grant Thornton and partners fined over Manchester Building Society audit
Accounting Firms

Grant Thornton and partners fined over Manchester Building Society audit

9y Richard Crump , Writer

Grant Thornton and partners fined over Manchester ...

Grant Thornton forced to pay over £1m in fines and costs to FRC over failed Manchester Building Society audit Read More...

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IFRS Foundation launches review into its governance
Accounting Standards

IFRS Foundation launches review into its governance

9y Richard Crump , Writer

IFRS Foundation launches review into its governanc...

Global accounting standard setter set to review its governance, financing and effectiveness Read More...

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Finance and life insurance experts join FRC board
People Business

Finance and life insurance experts join FRC board

9y Richard Crump , Writer

Finance and life insurance experts join FRC board

Former bosses of BUPA and Swiss Re appointed to accounting watchdog board Read More...

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Ex-Aero Inventory FD struck off and fined by FRC
People Business

Ex-Aero Inventory FD struck off and fined by FRC

9y Chris Warmoll , Writer

Ex-Aero Inventory FD struck off and fined by FRC

FRC bans former Aero Inventory finance director Hugh Bevan from practicing for three years and slaps him with a £170,000 fine Read More...

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Tax failings and missing cash see accountants disqualified as directors
Business Regulation

Tax failings and missing cash see accountants disqualified as directors

9y Kevin Reed , Writer

Tax failings and missing cash see accountants disq...

Two advisers are heavily reprimanded by the Insolvency Service: One for failing to manage his firm's tax affairs; another for misappropriating funds R...

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FRC makes way as IASB refreshes advisory forum members
Accounting Standards

FRC makes way as IASB refreshes advisory forum members

9y Chris Warmoll , Writer

FRC makes way as IASB refreshes advisory forum mem...

IASB refreshes ASAF membership with the FRC among those making way for new entrants Read More...

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Haddrill appointed new chair of global RICS Regulatory Board
People Business

Haddrill appointed new chair of global RICS Regulatory Board

9y Chris Warmoll , Writer

Haddrill appointed new chair of global RICS Regula...

The RICS regulatory board oversees the regulatory framework for more than 120,000 chartered surveyors, globally Read More...

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FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset rules
Accounting Firms

FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset ...

9y Chris Warmoll , Writer

FRC to probe KPMG over role in BNY Mellon complian...

The probe concerns the bank's London branch and BNY Mellon International and relates to KPMG's role in reporting to the FSA on BNY Mellon's compliance...

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Jailed Torex fraudster to face FRC tribunal
People Business

Jailed Torex fraudster to face FRC tribunal

9y Chris Warmoll , Writer

Jailed Torex fraudster to face FRC tribunal

Mark Woodbridge, jailed for three years and ten months, was the former group financial accountant of Torex Retail Read More...

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Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadline
Accounting Standards

Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadli...

9y Chris Warmoll , Writer

Nearly half of financial institutions at risk of m...

Despite the fact that full compliance with new IFRS 9 rules is estimated to take between two and three years to complete, majority have only just sta...

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