Institutes retain regulatory powers over auditors
Accounting Standards

Institutes retain regulatory powers over auditors

11y Chris Warmoll , Writer

Institutes retain regulatory powers over auditors

Government also confirms that it has no intention to make statutory provision to regulate accountants Read More...

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Fraudster Woodbridge banned from profession for 10 years
People Business

Fraudster Woodbridge banned from profession for 10 years

11y Chris Warmoll , Writer

Fraudster Woodbridge banned from profession for 10...

Punishment meted out to former Torex accountant Mark Woodridge, following a disciplinary hearing led by FRC Read More...

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IFRS Foundation launches review into its governance
Accounting Standards

IFRS Foundation launches review into its governance

11y Richard Crump , Writer

IFRS Foundation launches review into its governanc...

Global accounting standard setter set to review its governance, financing and effectiveness Read More...

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Finance and life insurance experts join FRC board
People Business

Finance and life insurance experts join FRC board

11y Richard Crump , Writer

Finance and life insurance experts join FRC board

Former bosses of BUPA and Swiss Re appointed to accounting watchdog board Read More...

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Ex-Aero Inventory FD struck off and fined by FRC
People Business

Ex-Aero Inventory FD struck off and fined by FRC

11y Chris Warmoll , Writer

Ex-Aero Inventory FD struck off and fined by FRC

FRC bans former Aero Inventory finance director Hugh Bevan from practicing for three years and slaps him with a £170,000 fine Read More...

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Tax failings and missing cash see accountants disqualified as directors
Business Regulation

Tax failings and missing cash see accountants disqualified as directors

11y Kevin Reed , Writer

Tax failings and missing cash see accountants disq...

Two advisers are heavily reprimanded by the Insolvency Service: One for failing to manage his firm's tax affairs; another for misappropriating funds R...

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FRC makes way as IASB refreshes advisory forum members
Accounting Standards

FRC makes way as IASB refreshes advisory forum members

11y Chris Warmoll , Writer

FRC makes way as IASB refreshes advisory forum mem...

IASB refreshes ASAF membership with the FRC among those making way for new entrants Read More...

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Haddrill appointed new chair of global RICS Regulatory Board
People Business

Haddrill appointed new chair of global RICS Regulatory Board

11y Chris Warmoll , Writer

Haddrill appointed new chair of global RICS Regula...

The RICS regulatory board oversees the regulatory framework for more than 120,000 chartered surveyors, globally Read More...

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FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset rules
Accounting Firms

FRC to probe KPMG over role in BNY Mellon compliance with FSA client asset ...

11y Chris Warmoll , Writer

FRC to probe KPMG over role in BNY Mellon complian...

The probe concerns the bank's London branch and BNY Mellon International and relates to KPMG's role in reporting to the FSA on BNY Mellon's compliance...

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Jailed Torex fraudster to face FRC tribunal
People Business

Jailed Torex fraudster to face FRC tribunal

11y Chris Warmoll , Writer

Jailed Torex fraudster to face FRC tribunal

Mark Woodbridge, jailed for three years and ten months, was the former group financial accountant of Torex Retail Read More...

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Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadline
Accounting Standards

Nearly half of financial institutions at risk of missing 2018 IFRS 9 deadli...

11y Chris Warmoll , Writer

Nearly half of financial institutions at risk of m...

Despite the fact that full compliance with new IFRS 9 rules is estimated to take between two and three years to complete, majority have only just sta...

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FRC files complaint against former iSoft execs
Regulatory Bodies

FRC files complaint against former iSoft execs

11y Richard Crump , Writer

FRC files complaint against former iSoft execs

Watchdog files formal complaint against former management team at iSoft, almost ten years after ‘accounting irregularities' were discovered at softwar...

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Tesco accounting scandal prompts FRC to scrutinise retail sector audits
Audit

Tesco accounting scandal prompts FRC to scrutinise retail sector audits

11y Richard Crump , Writer

Tesco accounting scandal prompts FRC to scrutinise...

FRC plans to make the retail sector a priority sector for audit inspections this year; finds overall audit quality has improved Read More...

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FRC scraps probe into BDO's role as Healthcare Locums auditor
Accounting Firms

FRC scraps probe into BDO's role as Healthcare Locums auditor

11y Richard Crump , Writer

FRC scraps probe into BDO's role as Healthcare Loc...

Accounting watchdog closes investigation into BDO's role in signing off the accounts of Healthcare Locums Read More...

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IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Customers
Accounting Standards

IASB calls for one year deferment on IFRS 15 Revenue from Contracts with Cu...

11y Chris Warmoll , Writer

IASB calls for one year deferment on IFRS 15 Reven...

The international accounting standards setter says main reason for the proposed deferral is the IASB is planning to issue an exposure draft of targete...

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Deloitte sees record FRC fine of £14m over MG Rover role slashed to £3m
Accounting Firms

Deloitte sees record FRC fine of £14m over MG Rover role slashed to £3m

11y Chris Warmoll , Writer

Deloitte sees record FRC fine of £14m over MG Rove...

Record find levied against Deloitte by FRC over role at MG Rover slashed by £11m Read More...

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FRC slaps formal complaint on disgraced Torex accountant Mark Woodbridge
People Business

FRC slaps formal complaint on disgraced Torex accountant Mark Woodbridge

11y Chris Warmoll , Writer

FRC slaps formal complaint on disgraced Torex acco...

An independent disciplinary tribunal will now be appointed to hear the formal complaint Read More...

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'Why would I want to do that?': David Childs on first hearing of FRC role
Legal

'Why would I want to do that?': David Childs on first hearing of FRC role

11y Legal Week

'Why would I want to do that?': David Childs on fi...

In his first interview since joining the UK's accountancy watchdog in May last year, Clifford Chance’s former managing partner David Childs tells Lega...

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Kubik among first sanctions to be publicised by Insolvency Service
Business Recovery

Kubik among first sanctions to be publicised by Insolvency Service

11y Richard Crump , Writer

Kubik among first sanctions to be publicised by In...

Insolvency Service starts publicising sanctions against IPs with Kubik, Hatch and Paylor first to be highlighted by the government body Read More...

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ICAEW must ‘act quickly’ over public interest guidance failings
Accounting Standards

ICAEW must ‘act quickly’ over public interest guidance failings

11y Richard Crump , Writer

ICAEW must ‘act quickly’ over public interest guid...

FRC says it will work with ICAEW to resolve 'fundamental' question around how accountants should act in the public interest Read More...

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End game looms for Deloitte's MG Rover £14m spat with the FRC
Accounting Firms

End game looms for Deloitte's MG Rover £14m spat with the FRC

11y Chris Warmoll , Writer

End game looms for Deloitte's MG Rover £14m spat w...

Deloitte cleared of majority of charges over its work at MG Rover Read More...

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FRC urges deeper engagement with stewardship code
Audit

FRC urges deeper engagement with stewardship code

12y Chris Warmoll , Writer

FRC urges deeper engagement with stewardship code

FRC expresses disappointment that "too many signatories fail to follow-through on their commitment to the code" Read More...

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Aero FD and Deloitte set for tribunal after FRC issue formal complaint
Accounting Firms

Aero FD and Deloitte set for tribunal after FRC issue formal complaint

12y Chris Warmoll , Writer

Aero FD and Deloitte set for tribunal after FRC is...

Hugh Bevan, John Clennett and Deloitte to face Aero tribunal Read More...

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Geoffrey Green to replace Fleck as FRRP chair
Corporate Governance

Geoffrey Green to replace Fleck as FRRP chair

12y Richard Crump , Writer

Geoffrey Green to replace Fleck as FRRP chair

Former senior partner of global law firm Ashurst to join body responsible for reviewing company accounts Read More...

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PwC probed as audit partner lined up for ICAEW presidency
Accounting Standards

PwC probed as audit partner lined up for ICAEW presidency

12y Richard Crump , Writer

PwC probed as audit partner lined up for ICAEW pre...

Incoming ICAEW president Andrew Ratcliffe responsible for signing off Barclays' accounts during period under investigation by FRC Read More...

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Scottish Police Authority audit quality panned
Audit

Scottish Police Authority audit quality panned

12y Chris Warmoll , Writer

Scottish Police Authority audit quality panned

Unqualified 2013/14 accounts criticised while attention drawn to the poor quality of several aspects of the SPA's accounting records Read More...

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FRC launches probe into Tesco's audit and accounting scandal
Accounting Firms

FRC launches probe into Tesco's audit and accounting scandal

12y Chris Warmoll , Writer

FRC launches probe into Tesco's audit and accounti...

FRC launches investigation into preparation, approval and audit of Tesco's accounts Read More...

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