MHA and MHA Moore and Smalley announce strategic merger to bolster nationwide services
Mergers And Acquisitions

MHA and MHA Moore and Smalley announce strategic merger to bolster nationwi...

1y Accountancy Age

MHA and MHA Moore and Smalley announce strategic m...

Founded in 1892, MHA Moore and Smalley will merge with it's parent network in April 2024 Read More...

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FRC imposes £33.2 million fines on audit firms amid crackdown
Audit

FRC imposes £33.2 million fines on audit firms amid crackdown

1y Accountancy Age

FRC imposes £33.2 million fines on audit firms ami...

The Financial Reporting Council's record fines imposed on audit firms in 2023 demonstrate its unwavering commitment to enhancing audit quality. Read M...

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Case study: How Deloitte is leveraging 'DARTbot' within its audit processes
Technology

Case study: How Deloitte is leveraging 'DARTbot' within its audit processes

1y Accountancy Age

Case study: How Deloitte is leveraging 'DARTbot' w...

DARTbot ensures that professionals can focus on higher-value activities and deliver exceptional client service. Read More...

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Accountancy people moves: December2023
Company News

Accountancy people moves: December2023

1y Rachael Kennedy

Accountancy people moves: December2023

The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

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Big Four to focus on governance following regulatory pressure
Governance

Big Four to focus on governance following regulatory pressure

1y Rachael Kennedy

Big Four to focus on governance following regulato...

In the wake of a series of scandals and strategic missteps, the Big Four accounting and consulting firms – Deloitte, EY, KPMG, and PwC – a...

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FRC's competition efforts fall flat as Big Four continue to dominate
Accounting Firms

FRC's competition efforts fall flat as Big Four continue to dominate

1y Accountancy Age

FRC's competition efforts fall flat as Big Four co...

The Big Four audit firms earned 98% of FTSE 350 audit fees in 2022, despite efforts to increase competition within the market Read More...

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FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacceptable'
Accounting Standards

FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacc...

1y Accountancy Age

FRC says volume of Tier 2 and 3 audit firms requir...

38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...

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UK and Switzerland enhance ties with mutual recognition of audit qualifications
Audit

UK and Switzerland enhance ties with mutual recognition of audit qualificat...

1y Accountancy Age

UK and Switzerland enhance ties with mutual recogn...

This arrangement allows auditors who are professionally qualified and registered as statutory auditors in either the UK or Switzerland to apply for re...

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IAASB introduces new auditing standard for SMEs
Audit

IAASB introduces new auditing standard for SMEs

1y Accountancy Age

IAASB introduces new auditing standard for SMEs

Traditionally, smaller businesses have had to navigate auditing standards designed for larger, more complex entities. This new standard offers a more ...

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The collapse of Wilko: Role of EY and PwC
Audit

The collapse of Wilko: Role of EY and PwC

1y Accountancy Age

The collapse of Wilko: Role of EY and PwC

The involvement of EY and PwC in this case raises questions about their responsibility and oversight Read More...

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EY's innovative use of AI in detecting audit frauds sparks debate
Audit

EY's innovative use of AI in detecting audit frauds sparks debate

1y Accountancy Age

EY's innovative use of AI in detecting audit fraud...

EY has implemented artificial intelligence (AI) in its audit processes, leading to the detection of fraudulent activities. Out of the first 10 compani...

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Accountancy people moves: November 2023
Company News

Accountancy people moves: November 2023

1y Rachael King

Accountancy people moves: November 2023

KPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...

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Revolut considers auditor change amid UK banking license challenges
Audit

Revolut considers auditor change amid UK banking license challenges

1y Accountancy Age

Revolut considers auditor change amid UK banking l...

Fintech giant considers dropping BDO following audit report in order to obtain clean bill of health from PRA Read More...

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Climate risk analysis must be part of the audit process
CSR

Climate risk analysis must be part of the audit process

1y Accountancy Age

Climate risk analysis must be part of the audit pr...

Incorporating climate risks into audit processes is not only a regulatory requirement but also a business imperative Read More...

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Leveraging technology for effective AP audit trails
AP

Leveraging technology for effective AP audit trails

1y Accountancy Age

Leveraging technology for effective AP audit trail...

Building a comprehensive AP audit trail can be challenging due to several factors but leveraging technology can help accounting teams approach audit w...

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Navigating the minefield of M&A risks in the accounting sector
Mergers And Acquisitions

Navigating the minefield of M&A risks in the accounting sector

1y Accountancy Age

Navigating the minefield of M&A risks in the accou...

Discover how meticulous due diligence can make or break your M&A success, navigating the complexities of financial, operational, and legal landscape R...

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Rethinking ethics management after PwC junior auditors fined
Career

Rethinking ethics management after PwC junior auditors fined

1y Accountancy Age

Rethinking ethics management after PwC junior audi...

The PwC audit ethics breach serves as a stark reminder of the importance of ethical practices in accounting. This article explores the lessons account...

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Top 50+50 Accountancy Firms 2023: PwC maintain top spot
50+50

Top 50+50 Accountancy Firms 2023: PwC maintain top spot

1y Rebeca Clark

Top 50+50 Accountancy Firms 2023: PwC maintain top...

Celebrating excellence in the accounting profession, Accountancy Age's Top 50+50 2023 spotlights the top accountancy firms in the UK. Brought to...

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To split or not to split, that is the question
Audit

To split or not to split, that is the question

1y Accountancy Age

To split or not to split, that is the question

Looking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...

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Accountancy people moves: October 2023
Company News

Accountancy people moves: October 2023

1y Greg Noble

Accountancy people moves: October 2023

The ICAEW has announced the appointment of its forthcoming chief executive Read More...

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An accountant's guide to smart AP automation
AP

An accountant's guide to smart AP automation

1y Kloo

An accountant's guide to smart AP automation

AI is revolutionising AP through improving efficiency, precision, compliance, and real-time decision-making. Utilising advancements in AI is transform...

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KPMG handed record fine over audit failures in Carillion demise
Audit

KPMG handed record fine over audit failures in Carillion demise

1y Greg Noble

KPMG handed record fine over audit failures in Car...

KPMG was initially fined £30 million, but the penalty was subsequently decreased by 30% due to its cooperation throughout the five-year investigation ...

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FRC: Financial reporting quality 'vital' amid economic turbulence
Economy

FRC: Financial reporting quality 'vital' amid economic turbulence

2y Greg Noble

FRC: Financial reporting quality 'vital' amid econ...

Continuing econonmic uncertainty serves as a reminder to businesses that consistent, high-quality financial reporting is more important than ever, a F...

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Battle lines drawn on internal controls as FRC closes consultation on new Corporate Governance Code
Corporate Governance

Battle lines drawn on internal controls as FRC closes consultation on new C...

2y David Callaghan

Battle lines drawn on internal controls as FRC clo...

According to the Chartered IIA, internal audit should be placed at the forefront of a new Code Read More...

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Audit sector can tackle Big Four dominance through collaboration, experts say
Audit

Audit sector can tackle Big Four dominance through collaboration, experts s...

2y Dan Cave

Audit sector can tackle Big Four dominance through...

Fines, regulatory oversight and greater investigations are sparking worries that sector control by giants will continue Read More...

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Accountancy Blueprint: Gap analysis for regulatory compliance
Regulation

Accountancy Blueprint: Gap analysis for regulatory compliance

2y Accountancy Age

Accountancy Blueprint: Gap analysis for regulatory...

In a world where trust hinges on compliance, this blueprint is a compass to not only meet regulations but also strengthen a firm's reputation and succ...

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Audit profession must ‘face up’ to common issues causing accounts delays, experts say
Accounting Firms

Audit profession must ‘face up’ to common issues causing accounts delays, e...

2y Dan Cave

Audit profession must ‘face up’ to common issues c...

Superdry’s failure to publish its accounts in a timely fashion is the latest in a string of errors Read More...

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