Preparers of non-financial reports must consider materiality and how it serves the primary users of the statements, panelists at an FRC event said Rea...
View articleAuditors have been feeling the heat recently after a series of high-profile failures, but what lies ahead and are they solely to blame? Read More...
View articleThe accounting regulator also handed partner Richard Hughes a £42,000 fine Read More...
View articleThe FRC regulator’s audit quality scores show a slight improvement despite “unacceptable” reviews from Mazars and BDO Read More...
View articleThe FRC intervention to prevent cheating in the UK follows huge fines issued to firms in the US, Australia, and Canada Read More...
View articleThe judgement concludes more than five years of probes into the audit firm’s accounts Read More...
View articleThe first update to the UK Corporate Governance Code in four years will see the creation of a stronger framework for reporting on internal controls an...
View articleThe FRC and major audit firms have criticised the UK government’s watered-down proposals Read More...
View articleThe big four auditor is being penalised for “conspiracy to corrupt and a failure to prevent bribery” Read More...
View articleOne in ten businesses are failing to submit compulsory modern slavery statements Read More...
View articleBut according to one expert, the industry response could render the move "redundant" Read More...
View articleThe Financial Reporting Council’s release of its three-year plan has been welcomed by auditors and accountants, but some argue it highlights the “over...
View articleThe sanctions relate to the firm’s audit of Conviviality PLC between 2017 and 2018 Read More...
View articleStakeholders have expressed little support for the plans Read More...
View articleMinisters are currently assessing a series of proposals to strengthen UK audit Read More...
View articleFRC audit quality scores reflect "unacceptable" performances from some firms and reinforce need for government reforms Read More...
View articleWith many retailers still reeling from the impact of the lockdowns, the Financial Reporting Council (FRC) has proposed extending the application perio...
View articleRegulatory body has launched an investigation into Deloitte’s auditing practices for the years ending 2017 and 2018 Read More...
View articleFormer Deloitte partners failed to act with “professional scepticism” Read More...
View articleThe FRC has fined KPMG UK £700,000 and reprimanded KPMG UK’s former senior partner for Manchester, Nicola Quayle for a “failure to apply sufficient pr...
View articleSpeaking exclusively to Accountancy Age in the first of a two-part series, Sir Donald Brydon - author of the report into the effectiveness and quality...
View articleSigns that the UK’s audit industry would reform had slowed in the New Year, but with Brexit almost over the line and an impending cabinet reshuffle, w...
View articleSir Donald Brydon’s report into the quality and effectiveness of audit was published at the end of 2019, and in it, Brydon tackles the issues of the a...
View articleAs the value of fines on audit firms issued by the FRC increases, experts reflect on why the regulator’s approach has changed and how this has impacte...
View articleThe UK’s audit and accountancy watchdog has announced it will expand its investigation into EY’s auditing of Thomas Cook’s financial statements to inc...
View articleThe FRC has issued revised ethical and auditing standards in an effort to strengthen auditor independence and ban conflicts of interest. Read More...
View articleAccountancy Age’s Decade Survey is now open for anyone within accounting and adjacent industries. Read More...
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