KPMG was initially fined £30 million, but the penalty was subsequently decreased by 30% due to its cooperation throughout the five-year investigation ...
View articleFines, regulatory oversight and greater investigations are sparking worries that sector control by giants will continue Read More...
View articleMinisters had committed to overhauling the audit and corporate governance systems in response to scandals at companies like retailer BHS in 2016 and P...
View articleThe FRC has overseen a major uptick in audit enforcement activity recently, with the regulator issuing fines of £33.3m in 2022, a 77% increase from th...
View article33% of organisations have incorporated auditing measures to enhance resiliency against macroeconomic uncertainty into their regular audit practices Re...
View articleAfter cooperating with the inquiry, the firms and partners received a reduction in fines Read More...
View articleWith climate litigation on the rise, boardroom behaviour must adapt - accountants and auditors are central to this Read More...
View articleBut it may not be the solution to building consistently high-quality audits Read More...
View articleThe investigation comes six months after Deloitte were hit with a £1.25m fine Read More...
View articleHill says the main issue regarding professional scepticism is human behaviour, particularly when working towards tight deadlines and budgets Read More...
View articleThe FRC has said the admitted failings were "rudimentary and should not have occurred" Read More...
View articleThis is the second investigation the FRC has commenced into audits by EY this week Read More...
View articleAfter years of deliberations and millions of dollars spent, EY has officially pulled the plug on its greatly anticipated break-up plan Read More...
View articleKPMG's settlement of the £1.3bn legal claim highlights longstanding weaknesses in the audit sector, experts say Read More...
View articleChallenges with the valuation of infrastructure assets have proven to be a key barrier for audit firms Read More...
View articleSir Jon Thompson will begin leading the HS2 project with immediate effect Read More...
View articleThe partnership has produced a first of its kind B2B buy now, pay later solution Read More...
View articleThe NAO has warned that these figures pose a threat to accountability in local government Read More...
View articleThe scheme will close to new business applications on February 2 Read More...
View articleThe Big Four firm was found guilty of breaches in relation to cash and the audit of supplier rebates Read More...
View articleAudit is integral to tackling greenwashing in global markets, according to industry experts Read More...
View articleThe wider UK economy continues to struggle in the wake of the pandemic, but increased client demand for accounting and advisory services saw firms rep...
View articleThe audit regulator announced new supervisory measures to help smaller audit firms grab market share Read More...
View articleAccountancy Age spoke with Mazars’ newly appointed audit partner, Andrew Jones, who outlined his reasoning behind taking the role and what he believes...
View articleThe Financial Reporting Council (FRC) has unveiled plans to stimulate competition and resilience in the UK audit market, with a view to remedying the ...
View articleThe move will “simplify and automate” workflows for small businesses Read More...
View articleIndustry leaders say audit changes are already creating opportunities for mid-tier firms Read More...
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