Internal audit flagged it. The board ignored it. The FCA fined it.
Audit

Internal audit flagged it. The board ignored it. The FCA fined it.

3m nikita alexander

Internal audit flagged it. The board ignored it. T...

A new report from the Chartered IIA reveals that UK financial firms have faced £1.02bn in fines for internal control failures since 2021. With the new...

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The accounting error that wiped out £600m overnight
Accounting Standards

The accounting error that wiped out £600m overnight

8m nikita alexander

The accounting error that wiped out £600m overnigh...

The FCA's inquiry into WH Smith's significant accounting error over revenue recognition is a wake-up call for all UK finance leaders. This analysis ex...

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FCA fines Woodford and his company £46M
Corporate Finance

FCA fines Woodford and his company £46M

12m Accountancy Age

FCA fines Woodford and his company £46M

Neil Woodford and Woodford Investment Management have been fined £46 million by the FCA for failures in managing the Woodford Equity Income Fund, whic...

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Barclays fined £42m over serious failures in financial crime controls
Audit

Barclays fined £42m over serious failures in financial crime controls

1y Accountancy Age

Barclays fined £42m over serious failures in finan...

The Financial Conduct Authority (FCA) has fined Barclays a combined £42 million for serious failings in its financial crime risk management, citing tw...

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FCA and PRA propose reforms to ease SM&CR burden
Business Regulation

FCA and PRA propose reforms to ease SM&CR burden

1y Accountancy Age

FCA and PRA propose reforms to ease SM&CR burden

The FCA and PRA have launched a joint consultation proposing targeted reforms to the Senior Managers & Certification Regime, aiming to reduce regulato...

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FCA abandons plan to 'name and shame' more firms under investigation
Business Regulation

FCA abandons plan to 'name and shame' more firms under investigation

1y Accountancy Age

FCA abandons plan to 'name and shame' more firms u...

The Financial Conduct Authority (FCA) has abandoned its proposal to introduce a public interest test for disclosing investigations into regulated firm...

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