FRC fines Grant Thornton £40,000 for pension fund audit
Grant Thornton

FRC fines Grant Thornton £40,000 for pension fund audit

3m Accountancy Age

FRC fines Grant Thornton £40,000 for pension fund ...

The FRC's Enforcement Committee identified significant departures from expected auditing standards, including uncorrected material errors in financial...

View article
Accountancy people moves: March 2024
Company News

Accountancy people moves: March 2024

4m Rachael King

Accountancy people moves: March 2024

The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

View article
Audit profession stands at a crossroad in fight for talent: New survey data reveals a call for change
ACCA

Audit profession stands at a crossroad in fight for talent: New survey data...

4m Rachael King

Audit profession stands at a crossroad in fight fo...

A survey conducted by accountancy bodies ACCA (the Association of Chartered Certified Accountants) and Chartered Accountants Australia and New Zealand...

View article
Get the latest analysis and reports delivered to your inbox daily
Industry Insight: Top fraud and bribery risks for pharmaceutical and life sciences
Business Regulation

Industry Insight: Top fraud and bribery risks for pharmaceutical and life s...

4m Nigel Layton

Industry Insight: Top fraud and bribery risks for ...

From battling underground invoice frauds in China to navigating bribery risks in the Middle East, Mazars' Nigel Layton shares essential insights on co...

View article
Accountancy people moves: February 2024
Company News

Accountancy people moves: February 2024

5m Rachael Kennedy

Accountancy people moves: February 2024

The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

View article
MHA takes over as auditor for Revolution Beauty
Audit

MHA takes over as auditor for Revolution Beauty

5m Accountancy Age

MHA takes over as auditor for Revolution Beauty

This follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...

View article
The rise and fall of EY's Project Everest
Big Four

The rise and fall of EY's Project Everest

5m Accountancy Age

The rise and fall of EY's Project Everest

EY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...

View article
Can AI eliminate audit scheduling headaches?
Audit

Can AI eliminate audit scheduling headaches?

5m Accountancy Age

Can AI eliminate audit scheduling headaches?

Traditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...

View article
Baker Tilly International announces record growth
Accounting Firms

Baker Tilly International announces record growth

5m Accountancy Age

Baker Tilly International announces record growth

Baker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...

View article
FRC seeks to break down barriers to competition in UK audit market
Audit

FRC seeks to break down barriers to competition in UK audit market

6m Accountancy Age

FRC seeks to break down barriers to competition in...

The FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...

View article
Accountancy people moves: January 2024
Company News

Accountancy people moves: January 2024

6m Rachael King

Accountancy people moves: January 2024

The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

View article
EY's resignation as Asda's auditor highlights importance of personal compliance
Audit

EY's resignation as Asda's auditor highlights importance of personal compli...

6m Accountancy Age

EY's resignation as Asda's auditor highlights impo...

On January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...

View article
Ensuring compliance with the ICAEW's new CPD requirements
Uncategorized

Ensuring compliance with the ICAEW's new CPD requirements

6m Accountancy Age

Ensuring compliance with the ICAEW's new CPD requi...

The ICAEW now requires a minimum number of CPD training hours annually, with at least 1 hour of ethics training. Read More...

View article
Malcolm Gomersall steps up as new CEO of Grant Thornton
Accounting Firms

Malcolm Gomersall steps up as new CEO of Grant Thornton

6m Accountancy Age

Malcolm Gomersall steps up as new CEO of Grant Tho...

Grant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...

View article
Devils in the details: Rectifying accounting errors
Legal

Devils in the details: Rectifying accounting errors

6m Accountancy Age

Devils in the details: Rectifying accounting error...

Accounting errors can distort financial statements and mislead stakeholders, as seen in the recent ADM case. This article guides you through identifyi...

View article
AI is an emerging risk for auditors, new research shows
Audit

AI is an emerging risk for auditors, new research shows

6m Rachael Kennedy

AI is an emerging risk for auditors, new research ...

Despite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....

View article
The role of auditors in the Post Office scandal: A need for greater accountability?
Audit

The role of auditors in the Post Office scandal: A need for greater account...

6m Accountancy Age

The role of auditors in the Post Office scandal: A...

As the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...

View article
ACCA supports FRC proposals to strengthen auditor requirements
Audit

ACCA supports FRC proposals to strengthen auditor requirements

6m Accountancy Age

ACCA supports FRC proposals to strengthen auditor ...

The proposed enhancements, including the focus on material misstatements arising from non-compliance, the introduction of a risk assessment process, a...

View article
Grant Thornton UK CEO resigns unexpectedly
Grant Thornton

Grant Thornton UK CEO resigns unexpectedly

6m Accountancy Age

Grant Thornton UK CEO resigns unexpectedly

During his tenure, Dunckley managed to stabilise Grant Thornton after his predecessor resigned following attacks on her leadership style and socialist...

View article
MHA and MHA Moore and Smalley announce strategic merger to bolster nationwide services
Mergers And Acquisitions

MHA and MHA Moore and Smalley announce strategic merger to bolster nationwi...

6m Accountancy Age

MHA and MHA Moore and Smalley announce strategic m...

Founded in 1892, MHA Moore and Smalley will merge with it's parent network in April 2024 Read More...

View article
FRC imposes £33.2 million fines on audit firms amid crackdown
Audit

FRC imposes £33.2 million fines on audit firms amid crackdown

6m Accountancy Age

FRC imposes £33.2 million fines on audit firms ami...

The Financial Reporting Council's record fines imposed on audit firms in 2023 demonstrate its unwavering commitment to enhancing audit quality. Read M...

View article
Case study: How Deloitte is leveraging 'DARTbot' within its audit processes
Technology

Case study: How Deloitte is leveraging 'DARTbot' within its audit processes

6m Accountancy Age

Case study: How Deloitte is leveraging 'DARTbot' w...

DARTbot ensures that professionals can focus on higher-value activities and deliver exceptional client service. Read More...

View article
Accountancy people moves: December2023
Company News

Accountancy people moves: December2023

7m Rachael Kennedy

Accountancy people moves: December2023

The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

View article
Big Four to focus on governance following regulatory pressure
Governance

Big Four to focus on governance following regulatory pressure

7m Rachael Kennedy

Big Four to focus on governance following regulato...

In the wake of a series of scandals and strategic missteps, the Big Four accounting and consulting firms – Deloitte, EY, KPMG, and PwC – a...

View article
FRC's competition efforts fall flat as Big Four continue to dominate
Accounting Firms

FRC's competition efforts fall flat as Big Four continue to dominate

7m Accountancy Age

FRC's competition efforts fall flat as Big Four co...

The Big Four audit firms earned 98% of FTSE 350 audit fees in 2022, despite efforts to increase competition within the market Read More...

View article
FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacceptable'
Accounting Standards

FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacc...

7m Accountancy Age

FRC says volume of Tier 2 and 3 audit firms requir...

38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...

View article
UK and Switzerland enhance ties with mutual recognition of audit qualifications
Audit

UK and Switzerland enhance ties with mutual recognition of audit qualificat...

7m Accountancy Age

UK and Switzerland enhance ties with mutual recogn...

This arrangement allows auditors who are professionally qualified and registered as statutory auditors in either the UK or Switzerland to apply for re...

View article
1 2 3 14