After a string of high profile audit failings, including the collapse of Carillion, the FRC has been under increasing pressure from the government and...
View articleThe conflict began when Arsenal stakeholder Lady Nina Bracewell-Smith filed a professional negligence claim against the Big Four and magic circle firm...
View articleThe FRC's new Corporate Governance Code promotes trust, transparency and integrity in business in the face of the recent call for audit reforms Read M...
View articleA US federal judge found that as auditor PwC was negligent and failed to detect £2bn fraud which spanned several years Read More...
View articleThe 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 articleAccountancy Age's Alia Shoaib provides a roundup of all the key new stories in the accountancy industry from the month of June Read More...
View articleThe investigation comes months after shareholders voted to remove Deloitte as auditor in an unusual rebellion, and will focus on the audit of cash and...
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 NAO report revealed that Carillion's insolvency will cost the taxpayer £148m while PwC will net £50m, a figure that has been questioned by MPs Rac...
View articleThe FRC has brought disciplinary action against Deloitte auditors over their failure to adequately challenge issues with Autonomy’s accounts, which le...
View articlePredictive technology is turning traditional audit work on its head so audit teams need to embrace these tools and hone their skills in it Read More...
View articleInquiry report is scathing of Carillion directors and auditors and calls for the audit market to be referred to the Competition and Markets Authority ...
View articleThe firm has launched a review into all audit work completed in the past 18 months and will conduct background checks of staff every two years, follow...
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 articlePwC said it plans to defend its position "vigorously" Read More...
View articleThe firm has taken the strategic decision to move away from tendering for FTSE 350 audit work until there is a "shift in the competitive landscape" Re...
View articleAuditor rankings reveal that 241 of FTSE 250 companies are audited by Big Four firms Read More...
View articleThe Justice Department said Deloitte failed to detect a multi-million-dollar fraud scheme that spanned six years Read More...
View articleIn a series of meetings the joint parliamentary committee grilled Carillion directors, pension regulators and KPMG and Deloitte auditors on accounting...
View articleIn a landmark ruling, a Dubai judge said the court will hear whether Deloitte Middle East was negligent as auditor of the Lebanese Canadian Bank Read ...
View articleAlthough it did not find evidence of overt gender bias, the report outlined “anomalies that need addressing” in the broadcaster’s pay structures Read ...
View articleLaw firm BarentsKrans has commenced legal proceedings against Steinhoff and its auditor Deloitte on behalf of aggrieved shareholders of the retail com...
View articleThe FRCs investigation will determine whether KPMG breached any relevant requirements, particularly the ethical and technical standards for auditors R...
View articleFormer PCAOB employees allegedly leaked confidential data to KPMG to help it pass audit inspections Read More...
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