Scandal-mired FIFA proposes improved governance goals
Audit

Scandal-mired FIFA proposes improved governance goals

11y Chris Warmoll , Writer

Scandal-mired FIFA proposes improved governance go...

The proposals will be voted on at the FIFA congress in February Read More...

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Deloitte ditched as Balfour Beatty and SEGRO pick new auditors
Accounting Firms

Deloitte ditched as Balfour Beatty and SEGRO pick new auditors

11y Kevin Reed , Writer

Deloitte ditched as Balfour Beatty and SEGRO pick ...

PwC and KPMG pick up SEGRO and Balfour Beatty audits respectively, from incumbent Deloitte Read More...

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Extended auditor reports restoring trust in audit in post-HBOS world
Accounting Firms

Extended auditor reports restoring trust in audit in post-HBOS world

11y Chris Warmoll , Writer

Extended auditor reports restoring trust in audit ...

Eight years after the failure of HBOS, the discipline of audit - and its real value to investors - continues to fuel debate, finds Chris Warmoll Read ...

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Has the value of audit to investors improved post-HBOS?
Audit

Has the value of audit to investors improved post-HBOS?

11y Richard Crump , Writer

Has the value of audit to investors improved post-...

Audit is no longer described as a 'black box' by investors but, post HBOS, the value it delivers still requires greater clarity, writes Richard Crump ...

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Corruption rife among accountants, says survey of profession
Accounting Firms

Corruption rife among accountants, says survey of profession

11y Chris Warmoll , Writer

Corruption rife among accountants, says survey of ...

Nearly two thirds of accountants don't believe employees are protected from victimisation if they report the wrongdoing of a client Read More...

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Audit committee chairs survey shows professional scepticism needs boosting
Audit

Audit committee chairs survey shows professional scepticism needs boosting

11y Chris Warmoll , Writer

Audit committee chairs survey shows professional s...

The lowest overall scores were for questions on professional scepticism and the auditor's response to regulatory oversight Read More...

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HBOS and KPMG tensions exposed by report
Accounting Firms

HBOS and KPMG tensions exposed by report

11y Chris Warmoll , Writer

HBOS and KPMG tensions exposed by report

Despite sounding the klaxon, much of KPMG's warnings went unheeded by HBOS management Read More...

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Friday Afternoon Live: KPMG and HBOS; Kids Company
Audit

Friday Afternoon Live: KPMG and HBOS; Kids Company

11y Kevin Reed , Writer

Friday Afternoon Live: KPMG and HBOS; Kids Company

Editor Kevin Reed discusses how KPMG is portrayed in the report into HBOS's failure; and advisers' role at Kids Company Read More...

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MP calls for renewed investigation into KPMG’s role in HBOS collapse
Accounting Firms

MP calls for renewed investigation into KPMG’s role in HBOS collapse

11y Richard Crump , Writer

MP calls for renewed investigation into KPMG’s rol...

FRC should reconsider decision not to investigate KPMG's role as HBOS auditors prior to bank's collapse Read More...

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EY's US outfit liable for huge fine over Madoff Ponzi audit
Accounting Firms

EY's US outfit liable for huge fine over Madoff Ponzi audit

11y Chris Warmoll , Writer

EY's US outfit liable for huge fine over Madoff Po...

FutureSelect sued EY in 2010 over faulty audits of a Madoff-linked feeder fund, and is now entitled to a slice of the $112m it lost Read More...

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Audit - too narrow a tool for effective financial oversight of Kids Company
Audit

Audit - too narrow a tool for effective financial oversight of Kids Company

11y Chris Warmoll , Writer

Audit - too narrow a tool for effective financial ...

Firms' narrow interpretation of their albeit narrow briefs prove a source of genuine frustration to the committee's politicians Read More...

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Politicians lambast accounting firms over Kids Company collapse
Audit

Politicians lambast accounting firms over Kids Company collapse

11y Chris Warmoll , Writer

Politicians lambast accounting firms over Kids Com...

Bernard Jenkin MP, brands the failure "a collective passing of the buck which I am rather uncomfortable with." Read More...

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Scott-Moncrieff promotes Allison Gibson to partner
Audit

Scott-Moncrieff promotes Allison Gibson to partner

11y Richard Crump , Writer

Scott-Moncrieff promotes Allison Gibson to partner

Commercial and charity audit specialist moves to partner role Read More...

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EY appoints partner to lead UK assurance data & analytics practice
Accounting Firms

EY appoints partner to lead UK assurance data & analytics practice

11y Richard Crump , Writer

EY appoints partner to lead UK assurance data &...

Partner Gareth James joins EY from Deloitte to head-up its data & analytics practice within its UK and Ireland assurance business Read More...

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ICAEW granted local audit regulatory powers
Accounting Standards

ICAEW granted local audit regulatory powers

11y Richard Crump , Writer

ICAEW granted local audit regulatory powers

New powers mean ICAEW is now a regulator of firms that wish to undertake local audits for organisations such as councils and health bodies in England ...

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Deloitte powers up for National Grid audit
Accounting Firms

Deloitte powers up for National Grid audit

11y Chris Warmoll , Writer

Deloitte powers up for National Grid audit

PwC, which has held the £13.6m audit since 2002, will continue in role until year ending 31 March 2017 Read More...

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FRC strengthens client asset assurance to FCA
Accounting Standards

FRC strengthens client asset assurance to FCA

11y Chris Warmoll , Writer

FRC strengthens client asset assurance to FCA

New audit standard for assurance on client assets being presented to the FCA Read More...

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Deloitte in audit driving seat at Go Ahead
Audit

Deloitte in audit driving seat at Go Ahead

11y Chris Warmoll , Writer

Deloitte in audit driving seat at Go Ahead

Non-audit fees paid to other providers during the financial year amassed to £1.5m Read More...

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EU's plan gives opportunity to restore audit confidence
Accounting Standards

EU's plan gives opportunity to restore audit confidence

11y Chris Warmoll , Writer

EU's plan gives opportunity to restore audit confi...

Haddrill says the new legislation gives the profession the opportunity to "make sure the public can have confidence in the regulatory regime Read More...

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KPMG leads AIM audit market while BDO dominate oil & gas
Accounting Firms

KPMG leads AIM audit market while BDO dominate oil & gas

11y Chris Warmoll , Writer

KPMG leads AIM audit market while BDO dominate oil...

An energetic performance by BDO sees it top the oil and gas sector, but Grant Thornton nabs first place on the client market cap stakes Read More...

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EY welcomes ‘10 plus 10 regime' as BIS publishes EU ADR consultation
Audit

EY welcomes ‘10 plus 10 regime' as BIS publishes EU ADR consultation

11y Chris Warmoll , Writer

EY welcomes ‘10 plus 10 regime' as BIS publishes E...

The ‘10 plus 10 regime' will empower UK companies to retain incumbent auditor for 20 years, provided they tender by the 10th year Read More...

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Auditors to be hit with increased FRC levy demands as government funding ends
Accounting Standards

Auditors to be hit with increased FRC levy demands as government funding en...

11y Chris Warmoll , Writer

Auditors to be hit with increased FRC levy demands...

FRC will need to tap audit profession for funds necessary to support its expanded audit responsibilities under new EU rules Read More...

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PwC wrestles Virgin Money audit from KPMG
Audit

PwC wrestles Virgin Money audit from KPMG

11y Chris Warmoll , Writer

PwC wrestles Virgin Money audit from KPMG

The change ends KPMG's 11-year reign Read More...

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PwC and Cattles settle long running legal spat
Audit

PwC and Cattles settle long running legal spat

11y Chris Warmoll , Writer

PwC and Cattles settle long running legal spat

A claim was formally lodged in 2013 at the High Court of London against PwC for its audit work at Cattles in 2006 and 2007 Read More...

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FRC announces new committee appointments
Audit

FRC announces new committee appointments

11y Chris Warmoll , Writer

FRC announces new committee appointments

Keith Barton and Allister Wilson have now stepped down from the C&S Committee, the Actuarial Council and the Audit and Assurance Council Read More...

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Grafton Group ends 22-year audit relationship with KMPG
Audit

Grafton Group ends 22-year audit relationship with KMPG

11y Chris Warmoll , Writer

Grafton Group ends 22-year audit relationship with...

PwC will take up the Grafton appointment for the financial year ending 31 December 2016 and Mondi in 2017 Read More...

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Tesco reports 55% profit slump amid hint of SFO deal
Audit

Tesco reports 55% profit slump amid hint of SFO deal

11y Chris Warmoll , Writer

Tesco reports 55% profit slump amid hint of SFO de...

Tesco is hopeful of securing a deferred prosecution agreement (DPA) with the SFO Read More...

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