The 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 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 articleIn a damning email circulated to PwC partners, Kevin Ellis said Steve Denison spent only two hours on the audit and backdated his audit opinion Read M...
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 articleThe record fine comes after a two-year investigation into BHS’s 2014 audits, which PwC had signed off on just days before its sale for £1 Read More...
View articleThe firm admitted to two counts of misconduct and said that it "should have gone further" in challenging the scandal-ridden company's accounts Read Mo...
View articleThe FRC has brought disciplinary action against Deloitte auditors over their failure to adequately challenge issues with Autonomy’s accounts, which le...
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 articleThe agreement will create opportunities for professionals to work in other countries Read More...
View articleWe reveal who has made positions 6-10 on the Financial Power List 2018 Read More...
View articleAfter an extensive career in banking Bischoff became chairman of the FRC in 2014 Read More...
View articleThis year has seen the FRC cracking down on audit misconduct, handing out a series of record fines to the Big Four firms. Here are some of the biggest...
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 articlePwC and partner Nicholas Boden have been severely reprimanded and fined over admitted misconduct relating to RSM Tenon audit Read More...
View articleWhile BDO tops the list of total AIM clients, PwC triumphs when looking at the aggregate client market-cap Read More...
View articleIn response to changes in the audit environment, the profession contracted. There is now a gap between supply and demand, with the demand for audit sk...
View articleBetween the years 2012-2016, membership of UK & Ireland accounting bodies grew by 3.2% worldwide and 2.4% in the UK & Ireland, according to th...
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 FRC has conducted research into the audit quality of the top six firms, with PwC coming out on top 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 articleFormer RSM Tenon CEO Andy Raynor fined and reprimanded over its accounting, with both its former FD and auditor PwC facing complaints from the FRC Rea...
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...
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