FRC files complaint against former iSoft execs
Regulatory Bodies

FRC files complaint against former iSoft execs

9y Richard Crump , Writer

FRC files complaint against former iSoft execs

Watchdog files formal complaint against former management team at iSoft, almost ten years after ‘accounting irregularities' were discovered at softwar...

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Tesco accounting scandal prompts FRC to scrutinise retail sector audits
Audit

Tesco accounting scandal prompts FRC to scrutinise retail sector audits

9y Richard Crump , Writer

Tesco accounting scandal prompts FRC to scrutinise...

FRC plans to make the retail sector a priority sector for audit inspections this year; finds overall audit quality has improved Read More...

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FRC scraps probe into BDO's role as Healthcare Locums auditor
Accounting Firms

FRC scraps probe into BDO's role as Healthcare Locums auditor

9y Richard Crump , Writer

FRC scraps probe into BDO's role as Healthcare Loc...

Accounting watchdog closes investigation into BDO's role in signing off the accounts of Healthcare Locums Read More...

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IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Customers
Accounting Standards

IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Cu...

9y Chris Warmoll , Writer

IASB calls for one year deferment on IFRS 15 Reven...

The international accounting standards setter says main reason for the proposed deferral is the IASB is planning to issue an exposure draft of targete...

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Deloitte sees record FRC fine of £14m over MG Rover role slashed to £3m
Accounting Firms

Deloitte sees record FRC fine of £14m over MG Rover role slashed to £3m

9y Chris Warmoll , Writer

Deloitte sees record FRC fine of £14m over MG Rove...

Record find levied against Deloitte by FRC over role at MG Rover slashed by £11m Read More...

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FRC slaps formal complaint on disgraced Torex accountant Mark Woodbridge
People Business

FRC slaps formal complaint on disgraced Torex accountant Mark Woodbridge

9y Chris Warmoll , Writer

FRC slaps formal complaint on disgraced Torex acco...

An independent disciplinary tribunal will now be appointed to hear the formal complaint Read More...

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'Why would I want to do that?': David Childs on first hearing of FRC role
Legal

'Why would I want to do that?': David Childs on first hearing of FRC role

9y Legal Week

'Why would I want to do that?': David Childs on fi...

In his first interview since joining the UK's accountancy watchdog in May last year, Clifford Chance’s former managing partner David Childs tells Lega...

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Kubik among first sanctions to be publicised by Insolvency Service
Business Recovery

Kubik among first sanctions to be publicised by Insolvency Service

9y Richard Crump , Writer

Kubik among first sanctions to be publicised by In...

Insolvency Service starts publicising sanctions against IPs with Kubik, Hatch and Paylor first to be highlighted by the government body Read More...

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ICAEW must ‘act quickly’ over public interest guidance failings
Accounting Standards

ICAEW must ‘act quickly’ over public interest guidance failings

9y Richard Crump , Writer

ICAEW must ‘act quickly’ over public interest guid...

FRC says it will work with ICAEW to resolve 'fundamental' question around how accountants should act in the public interest Read More...

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End game looms for Deloitte's MG Rover £14m spat with the FRC
Accounting Firms

End game looms for Deloitte's MG Rover £14m spat with the FRC

9y Chris Warmoll , Writer

End game looms for Deloitte's MG Rover £14m spat w...

Deloitte cleared of majority of charges over its work at MG Rover Read More...

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FRC urges deeper engagement with stewardship code
Audit

FRC urges deeper engagement with stewardship code

9y Chris Warmoll , Writer

FRC urges deeper engagement with stewardship code

FRC expresses disappointment that "too many signatories fail to follow-through on their commitment to the code" Read More...

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Aero FD and Deloitte set for tribunal after FRC issue formal complaint
Accounting Firms

Aero FD and Deloitte set for tribunal after FRC issue formal complaint

9y Chris Warmoll , Writer

Aero FD and Deloitte set for tribunal after FRC is...

Hugh Bevan, John Clennett and Deloitte to face Aero tribunal Read More...

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Geoffrey Green to replace Fleck as FRRP chair
Corporate Governance

Geoffrey Green to replace Fleck as FRRP chair

9y Richard Crump , Writer

Geoffrey Green to replace Fleck as FRRP chair

Former senior partner of global law firm Ashurst to join body responsible for reviewing company accounts Read More...

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PwC probed as audit partner lined up for ICAEW presidency
Accounting Standards

PwC probed as audit partner lined up for ICAEW presidency

9y Richard Crump , Writer

PwC probed as audit partner lined up for ICAEW pre...

Incoming ICAEW president Andrew Ratcliffe responsible for signing off Barclays' accounts during period under investigation by FRC Read More...

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Scottish Police Authority audit quality panned
Audit

Scottish Police Authority audit quality panned

9y Chris Warmoll , Writer

Scottish Police Authority audit quality panned

Unqualified 2013/14 accounts criticised while attention drawn to the poor quality of several aspects of the SPA's accounting records Read More...

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FRC launches probe into Tesco's audit and accounting scandal
Accounting Firms

FRC launches probe into Tesco's audit and accounting scandal

9y Chris Warmoll , Writer

FRC launches probe into Tesco's audit and accounti...

FRC launches investigation into preparation, approval and audit of Tesco's accounts Read More...

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Increased audit responsibilities prompt FRC levy hike
Audit

Increased audit responsibilities prompt FRC levy hike

9y Richard Crump , Writer

Increased audit responsibilities prompt FRC levy h...

FRC goes cap in hand to the profession as it grapples with increased costs associated with its audit work Read More...

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FRC consults on EU audit directive and regulation
Audit

FRC consults on EU audit directive and regulation

9y 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

9y 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

9y 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

9y 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

9y 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

10y 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

10y 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

10y 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

10y 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

10y 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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