AAnswers podcast: Financial scandals in 2018 and beyond
Audit

AAnswers podcast: Financial scandals in 2018 and beyond

8y Accountancy Age

AAnswers podcast: Financial scandals in 2018 and b...

With our new podcast series, AAnswers, we respond to the big questions of our time, future-proofing the knowledge you need to succeed moving forwards ...

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Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor
Audit

Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor

8y Accountancy Age

Patisserie Valerie chooses RSM to succeed Grant Th...

RSM will audit Patisserie Valerie's accounts as the fraud scandal continues to unfold Read More...

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The Sports Direct privilege decision is a major erosion of fundamental rights
Audit

The Sports Direct privilege decision is a major erosion of fundamental righ...

8y Hickman and Rose

The Sports Direct privilege decision is a major er...

The High Court in Sports Direct has ruled that the fundamental protections afforded by legal privilege can be sidestepped by the FRC in the course of ...

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Is letting investors choose auditors the key to reform?
Audit

Is letting investors choose auditors the key to reform?

8y Beth McLoughlin

Is letting investors choose auditors the key to re...

At the ICAEW Information for Better Markets conference, some new suggestions were added to the ideas on the table for reforming the sector Read More...

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The CMA recommendations for audit reform are finally published
Audit

The CMA recommendations for audit reform are finally published

8y Beth McLoughlin

The CMA recommendations for audit reform are final...

Legislation proposed to impose joint audit and separate audit from consulting services, among other measures Read More...

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Audit: what it was, what it is, and what it shall never be
Audit

Audit: what it was, what it is, and what it shall never be

8y Andrew Oury

Audit: what it was, what it is, and what it shall ...

As we near the end of 2018, another year wrought with audit scandals, what do we know about the state of this age old practice? Read More...

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PwC starts roundtable discussions on future of audit
Audit

PwC starts roundtable discussions on future of audit

8y Beth McLoughlin

PwC starts roundtable discussions on future of aud...

The company has set up a web page and will produce a white paper with suggestions on how the audit sector can move forward Read More...

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KPMG, Deloitte and the audit dilemma
Audit

KPMG, Deloitte and the audit dilemma

8y Emanuela Hawker , Reporter

KPMG, Deloitte and the audit dilemma

Following KPMG and Deloitte’s proposal to stop providing non-audit services to audit clients, the industry considers whether this move will be benefic...

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Grant Thornton respond to CMA review
Audit

Grant Thornton respond to CMA review

8y Emanuela Hawker , Reporter

Grant Thornton respond to CMA review

What does Grant Thornton make of CMA’s reviewing of the auditing process and the powers of the Big Four? Read More...

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What is the future of audit?
Audit

What is the future of audit?

8y Beth McLoughlin

What is the future of audit?

As the CMA prepares to release its study on the market for statutory audit, we look at the options for change which are getting more support from prof...

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Why the Big Four give audits a bad name
Audit

Why the Big Four give audits a bad name

8y Stephen Broderick

Why the Big Four give audits a bad name

According to Stephen Broderick, global CEO of FirmDecisions, the role of the profession in scandals such as Carillion has led many to question the soc...

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IAASB announces proposed ISA 315 changes
Audit

IAASB announces proposed ISA 315 changes

8y Emanuela Hawker , Reporter

IAASB announces proposed ISA 315 changes

IAASB has recently released their largely supported consultation proposals on ISA 315 Read More...

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Was lack of visibility to blame for Patisserie Valerie fraud?
Audit

Was lack of visibility to blame for Patisserie Valerie fraud?

8y Accountancy Age

Was lack of visibility to blame for Patisserie Val...

With nearly 3,000 jobs at stake, Accountancy Age speaks to Mario Spanicciati, chief strategy officer at BlackLine about what was to blame for the frau...

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Audit sector under immediate review by CMA
Audit

Audit sector under immediate review by CMA

8y Emanuela Hawker , Reporter

Audit sector under immediate review by CMA

In the light of continuing audit controversies, CMA will be conducting a market study that will cover three key areas Read More...

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FRC shout for independence, viability and higher quality in the UK audit market
Audit

FRC shout for independence, viability and higher quality in the UK audit ma...

8y Accountancy Age

FRC shout for independence, viability and higher q...

FRC's deputy director of audit policy Mark Babington on why the audit industry needs an overhaul and what the group plans to do to improve it Read Mor...

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Fined by FRC: Grant Thornton next in the firing line
Audit

Fined by FRC: Grant Thornton next in the firing line

8y Emanuela Hawker , Reporter

Fined by FRC: Grant Thornton next in the firing li...

Doubts about the FRC’s efficiency continue to plague the watchdog body Read More...

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FRC competence review leaves watchdog on tenterhooks
Audit

FRC competence review leaves watchdog on tenterhooks

8y Accountancy Age

FRC competence review leaves watchdog on tenterhoo...

The Financial Reporting Council faced serious criticism from shareholders, accountants, and fund managers following the accounting scandals of the las...

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KPMG fined and reprimanded over Ted Baker audits
Audit

KPMG fined and reprimanded over Ted Baker audits

8y Accountancy Age

KPMG fined and reprimanded over Ted Baker audits

The offenders admitted breaching ethical standards and losing independence in the audits Read More...

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The global fight against fraud and corruption: what role does the accountant play?
Audit

The global fight against fraud and corruption: what role does the accountan...

8y Accountancy Age

The global fight against fraud and corruption: wha...

Accountancy Age discusses how the profession can help in the global fight against fraud and corruption with Russell Guthrie, CFO at the International ...

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FRC strikes out at PwC's BHS audit quality following leaked report
Audit

FRC strikes out at PwC's BHS audit quality following leaked report

8y Accountancy Age

FRC strikes out at PwC's BHS audit quality followi...

The Financial Reporting Council has called PwC's audits of the collapsed BHS "inaccurate, and misleading" Read More...

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Monthly news roundup with Lucy Skoulding
Audit

Monthly news roundup with Lucy Skoulding

8y Accountancy Age

Monthly news roundup with Lucy Skoulding

Accountancy Age's Lucy Skoulding provides a roundup of all the key new stories in the accountancy industry from the month of July Read More...

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FRC data on Big Four audits may highlight need for industry overhaul
Audit

FRC data on Big Four audits may highlight need for industry overhaul

8y Accountancy Age

FRC data on Big Four audits may highlight need for...

New FRC data shows that audit fees across EY, Deloitte, KPMG, and PwC rose by nearly 6 percent in 2016/17 compared with a 2.7 percent rise the previou...

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Ex-KPMG auditor faces six charges over Gupta wedding scandal
Audit

Ex-KPMG auditor faces six charges over Gupta wedding scandal

8y Accountancy Age

Ex-KPMG auditor faces six charges over Gupta weddi...

Jacques Wessels will be charged for inappropriate conduct and tax evasion after working on the books of businesses owned by the Gupta family Read More...

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BDO maintains lead in AIM auditor rankings
Audit

BDO maintains lead in AIM auditor rankings

8y Accountancy Age

BDO maintains lead in AIM auditor rankings

BDO has continued its leading streak in auditing more Alternative Investment Market (AIM) companies than any other firm Read More...

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Another accounting error for BT Group as £500m pension deficit mistake revealed
Audit

Another accounting error for BT Group as £500m pension deficit mistake reve...

8y Accountancy Age

Another accounting error for BT Group as £500m pen...

Willis Towers Watson’s miscalculation of the group’s pension deficit follows the recent accounting scandal which knocked £8bn off its stock market val...

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FRC finds audit failures in UK pension scheme reporting
Audit

FRC finds audit failures in UK pension scheme reporting

8y Accountancy Age

FRC finds audit failures in UK pension scheme repo...

Nearly half of the audit work for pensions valuations inspected by the watchdog this year was found to have problems Read More...

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KPMG South Africa hit hard as more clients sever ties following audit scandals
Audit

KPMG South Africa hit hard as more clients sever ties following audit scand...

8y Accountancy Age

KPMG South Africa hit hard as more clients sever t...

Mining company Gold Fields and mutual savings bank Finbond are the latest blow to the Big Four firm's audit clients Read More...

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