After a string of high profile audit failings, including the collapse of Carillion, the FRC has been under increasing pressure from the government and...
View articleThe FRC's new Corporate Governance Code promotes trust, transparency and integrity in business in the face of the recent call for audit reforms Read M...
View articleThe FRC is investigating KPMG over its 2017 audit of Conviviality, which went into administation in April after finding an unexpected tax bill of £30m...
View articleThe investigation comes months after shareholders voted to remove Deloitte as auditor in an unusual rebellion, and will focus on the audit of cash and...
View articleThe FRC's new Accountancy Scheme Sanctions Guidance took effect on 1 June 2018. At this challenging time for both the profession and its regulator, a ...
View articleThe report found that half of KPMG's audits needed more than limited improvements, and will now increase scrutiny on the firm's upcoming audit work Re...
View articleAfter increased pressure to take a tougher stance against Big Four firms for audit breaches, the FRC has implemented a range of sanctions Read More...
View articleAfter an extensive career in banking Bischoff became chairman of the FRC in 2014 Read More...
View articleThe FRCs investigation will determine whether KPMG breached any relevant requirements, particularly the ethical and technical standards for auditors R...
View articleCould large fines for the Big Four even the playing field for smaller firms? Read More...
View articleAn independent review suggested fines of £10m or over would be appropriate in instances of “seriously poor” audit work Read More...
View articleThe accountancy watchdog said the investigation was dropped as there was not a 'realistic prospect that a tribunal would make an adverse finding again...
View articleKPMG ‘did not fall significantly short of the standards reasonably to be expected of the audit’, according to the FRC, but the Treasury Committee has ...
View articleFor most firms, FRS 102 will be the primary accounting standard for future HMRC returns. This short resource shows the differences between old UK GAAP ...
View resourcePwC and partner Nicholas Boden have been severely reprimanded and fined over admitted misconduct relating to RSM Tenon audit Read More...
View articleThe FRC has launched an investigation into Deloitte’s auditing of FTSE 250 company Mitie’s accounts for the full years 2015 – 2016 Read More...
View articleThe investigation relates to PwC’s audits of the financial statements of BT Group between the years March 2015 and 2017 Read More...
View articleThe Financial Reporting Council has announced the closure of an investigation into PwC’s auditing and accounting of Tesco Read More...
View articleThe firm has been 'severely reprimanded' over their 2009 audit of Connaught, a property services group that went into administration in 2010 Read More...
View articleThe investigation relates to the financial statements of Rolls-Royce Group for the year ending 31 December 2010, and Rolls-Royce Holdings for the year...
View articleThe FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances' Read More...
View articleCorrective action has been taken by Sports Direct into its international stores reporting, following a review by accounting's watchdog Read More...
View articlePaul Boyle is appointed as the president of the Chartered Institute of Internal Auditors Read More...
View articlePaul Druckman has been appointed to the board of the Financial Reporting Council (FRC) Read More...
View articleThe Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted...
View articleThe FRC is inviting comments from stakeholders on its proposed approach to updating FRS 102 to reflect changes in IFRS Read More...
View articleICAS and the FRC have called for action to prevent a potential audit skills gap in the future, with the launch of a new report Read More...
View articleCompanies face a wake-up call to review their cultures before they can win back broad support from society, business leaders will be told at a confere...
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