PwC fined a record £5.1m by the FRC over RSM Tenon audit
Audit

PwC fined a record £5.1m by the FRC over RSM Tenon audit

9y Accountancy Age

PwC fined a record £5.1m by the FRC over RSM Tenon...

PwC and partner Nicholas Boden have been severely reprimanded and fined over admitted misconduct relating to RSM Tenon audit Read More...

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KPMG fined £4.8m over Miller Energy audit
Audit

KPMG fined £4.8m over Miller Energy audit

9y Accountancy Age

KPMG fined £4.8m over Miller Energy audit

KPMG issued an unqualified report of Miller Energy’s financial statements, despite the fact that the company grossly overstated the value of certain a...

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Toshiba narrowly escapes delisting as PwC finally signs off on accounts
Audit

Toshiba narrowly escapes delisting as PwC finally signs off on accounts

9y Accountancy Age

Toshiba narrowly escapes delisting as PwC finally ...

PwC has signed off on Toshiba’s accounts, ending a period of uncertainty during which the auditor withheld its opinion on the tech giant’s financial s...

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Brave new world: how auditor responsibilities are changing
Audit

Brave new world: how auditor responsibilities are changing

9y Accountancy Age

Brave new world: how auditor responsibilities are ...

Fayez Choudhury, CEO of IFAC, looks at the updated Code of Ethics for Professional Accountants, NOCLAR, and how auditor responsibilities are changing ...

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PwC fined $1m over Merrill Lynch audit
Accounting Firms

PwC fined $1m over Merrill Lynch audit

9y Accountancy Age

PwC fined $1m over Merrill Lynch audit

The US-based watchdog levied this fine following PwC’s failure to observe rules relating to customer protection when auditing Merrill-Lynch Read More...

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BDO overtakes KPMG to take top spot in AIM auditor rankings
Accounting Firms

BDO overtakes KPMG to take top spot in AIM auditor rankings

9y Accountancy Age

BDO overtakes KPMG to take top spot in AIM auditor...

While BDO tops the list of total AIM clients, PwC triumphs when looking at the aggregate client market-cap Read More...

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Wetherspoons to replace PwC as auditor
Audit

Wetherspoons to replace PwC as auditor

9y Accountancy Age

Wetherspoons to replace PwC as auditor

J D Wetherspoon will replace PwC as its auditor, terminating a 34 year relationship Read More...

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Demand for audit skills exceeding supply
Audit

Demand for audit skills exceeding supply

9y Accountancy Age

Demand for audit skills exceeding supply

In response to changes in the audit environment, the profession contracted. There is now a gap between supply and demand, with the demand for audit sk...

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Ukraine central bank removes PwC’s bank auditing rights
Audit

Ukraine central bank removes PwC’s bank auditing rights

9y Accountancy Age

Ukraine central bank removes PwC’s bank auditing r...

The National Bank of Ukraine came to this decision following PwC's failure to identify improper activities of PrivatBank Read More...

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NAO takes over from EY as BBC auditor
Audit

NAO takes over from EY as BBC auditor

9y Accountancy Age

NAO takes over from EY as BBC auditor

In its annual report the BBC has confirmed that the National Audit Office (NAO) will become their external auditors for the financial year 2017-2018, ...

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EY hired by Carillion to review finances
Accounting Firms

EY hired by Carillion to review finances

9y Accountancy Age

EY hired by Carillion to review finances

This strategic review comes a week after the troubled construction group revealed it was battling with rising debt, deteriorating cash flows and write...

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Which top firms need to improve audit practice?
Accounting Firms

Which top firms need to improve audit practice?

9y Accountancy Age

Which top firms need to improve audit practice?

The FRC has conducted research into the audit quality of the top six firms, with PwC coming out on top Read More...

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Audit quality of FTSE 350 companies is improving
Audit

Audit quality of FTSE 350 companies is improving

9y Accountancy Age

Audit quality of FTSE 350 companies is improving

Reports showed that 81% of FTSE 350 audits reviewed in 2016-17 required only limited improvements, up from 77% in 2015-16 and 70% in 2014-15 Read More...

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What’s driving change in the audit environment?
Audit

What’s driving change in the audit environment?

9y Accountancy Age

What’s driving change in the audit environment?

How have the use of technology and changing views of regulators been driving change in the audit industry? Read More...

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FRC closes investigation into PwC over Tesco accounts
Accounting Firms

FRC closes investigation into PwC over Tesco accounts

9y Accountancy Age

FRC closes investigation into PwC over Tesco accou...

The Financial Reporting Council has announced the closure of an investigation into PwC’s auditing and accounting of Tesco Read More...

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Making the move from internal auditing to cyber security
Audit

Making the move from internal auditing to cyber security

10y Accountancy Age

Making the move from internal auditing to cyber se...

Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can ma...

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The future of the audit industry: From masses of data, to meaning
Audit

The future of the audit industry: From masses of data, to meaning

10y Accountancy Age

The future of the audit industry: From masses of d...

Unstructured, broader, real-time data - and who wants to use that information - is having a massive impact on the direction of travel for the audit pr...

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Advisory services push KPMG International to 8% growth
Accounting Firms

Advisory services push KPMG International to 8% growth

10y Stephanie Wix , Writer

Advisory services push KPMG International to 8% gr...

Revenues up by 8% for KPMG International, as advisory services drove it to the £20bn mark Read More...

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PwC scoops Rolls-Royce audit as tender results pile up
Accounting Firms

PwC scoops Rolls-Royce audit as tender results pile up

10y Stephanie Wix , Writer

PwC scoops Rolls-Royce audit as tender results pil...

KPMG loses 26-year audit of Rolls-Royce to PwC, as other listed businesses announced tender results Read More...

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EY scoops Schroders audit from PwC
Audit

EY scoops Schroders audit from PwC

10y Stephanie Wix , Writer

EY scoops Schroders audit from PwC

EY has been proposed as the auditors of Schroders after a “competitive” tender process Read More...

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MP calls for co-op accounting red tape removal
Accounting Standards

MP calls for co-op accounting red tape removal

10y Kevin Reed , Writer

MP calls for co-op accounting red tape removal

MP calls for accounting and auditing red tape to be removed, putting them on par with other organisations Read More...

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BDO appointed new auditor of Game Digital as Deloitte ditched
Audit

BDO appointed new auditor of Game Digital as Deloitte ditched

10y Stephanie Wix , Writer

BDO appointed new auditor of Game Digital as Deloi...

BDO has scooped the audit role from Deloitte who were the previous auditors for Game Digital Read More...

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BDO's 'agility' makes it well placed to succeed - Eagland
Accounting Firms

BDO's 'agility' makes it well placed to succeed - Eagland

10y Kevin Reed , Writer

BDO's 'agility' makes it well placed to succeed - ...

BDO’s investments in digital, its international network and culture meant it was “perfectly placed” to succeed, according to new managing partner Paul...

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KPMG named top listed company auditor
Accounting Firms

KPMG named top listed company auditor

10y Richard Crump , Writer

KPMG named top listed company auditor

KPMG has retained its position as the listed company auditor, according to the latest Adviser Rankings. Read More...

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Audit Reform: A talent tightrope
Audit

Audit Reform: A talent tightrope

10y James Roberts

Audit Reform: A talent tightrope

While everyone values audit quality highly we must be be careful that we don’t let it deter talent. We need to guard against its commoditisation and t...

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PwC must face MF Global lawsuit over accounting advice
Accounting Firms

PwC must face MF Global lawsuit over accounting advice

10y Richard Crump , Writer

PwC must face MF Global lawsuit over accounting ad...

PwC must face $1bn lawsuit over claims it provided bad accounting advice which contributed to the 2011 collapse of MF Global Read More...

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Audit Reform: The Re-tender Roundabout
Audit

Audit Reform: The Re-tender Roundabout

10y James Roberts

Audit Reform: The Re-tender Roundabout

BDO senior audit partner James Roberts looks at how reform of the large company audit market has affected tendering activity among audit firms Read Mo...

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