August People Moves: A series of mid-market promotions
Accounting Firms

August People Moves: A series of mid-market promotions

2y Greg Noble

August People Moves: A series of mid-market promot...

This month saw restructuring and insolvency trade body R3 select a new chair for R3 Northern Ireland Read More...

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Cooper Parry expects competitive boost from acquisition of Haines Watts London
Accounting Firms

Cooper Parry expects competitive boost from acquisition of Haines Watts Lon...

2y Greg Noble

Cooper Parry expects competitive boost from acquis...

The expansion boosts Cooper Parry’s workforce to 1,150 employees and increases its turnover to £125 million Read More...

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Accountancy Age Top 50+50 2023 - submissions now open!
50+50

Accountancy Age Top 50+50 2023 - submissions now open!

2y Sam Alberti

Accountancy Age Top 50+50 2023 - submissions now o...

Firms are now invited to submit for the 2023 ranking list Read More...

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Audit reform omission shows it is ‘not a priority’ for government
Audit

Audit reform omission shows it is ‘not a priority’ for government

2y Greg Noble

Audit reform omission shows it is ‘not a priority’...

Ministers had committed to overhauling the audit and corporate governance systems in response to scandals at companies like retailer BHS in 2016 and P...

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Battle lines drawn over auditors’ role in combating fraud
Audit

Battle lines drawn over auditors’ role in combating fraud

2y Lawrie Holmes

Battle lines drawn over auditors’ role in combatin...

Improvements in the corporate governance code and a new regulator could provide the impetus for auditors to take a bigger role in fraud detection, tho...

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Audit scandals rendering profession ‘unattractive’ to newcomers
Accounting Firms

Audit scandals rendering profession ‘unattractive’ to newcomers

2y Greg Noble

Audit scandals rendering profession ‘unattractive’...

The FRC has overseen a major uptick in audit enforcement activity recently, with the regulator issuing fines of £33.3m in 2022, a 77% increase from th...

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NAO to probe FCA over its effectiveness
Regulatory Bodies

NAO to probe FCA over its effectiveness

2y Greg Noble

NAO to probe FCA over its effectiveness

The review is understood to include examining the FCA’s governance, strategy, and culture and well as its approach to regulating diverse types of firm...

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Data volumes and quality 'crucial' to AI success in accounting firms
Accounting Software

Data volumes and quality 'crucial' to AI success in accounting firms

2y Rob Griffin

Data volumes and quality 'crucial' to AI success i...

Clear data strategies must be put in place, insists Moore Kingston Smith’s Becky Shields Read More...

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Audit teams must collaborate to weather economic storm, experts say
Audit

Audit teams must collaborate to weather economic storm, experts say

2y Greg Noble

Audit teams must collaborate to weather economic s...

33% of organisations have incorporated auditing measures to enhance resiliency against macroeconomic uncertainty into their regular audit practices Re...

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KPMG and PwC sanctioned by FRC for Eddie Stobart audits
Accounting Firms

KPMG and PwC sanctioned by FRC for Eddie Stobart audits

2y Greg Noble

KPMG and PwC sanctioned by FRC for Eddie Stobart a...

After cooperating with the inquiry, the firms and partners received a reduction in fines Read More...

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The crucial role of auditors and accountants in the climate change fight
Audit

The crucial role of auditors and accountants in the climate change fight

2y Simon Konsta , Disputes partner, DAC Beachcroft

The crucial role of auditors and accountants in th...

With climate litigation on the rise, boardroom behaviour must adapt - accountants and auditors are central to this Read More...

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May People Moves: Mid-market firms shuffle accountancy talent
Practice

May People Moves: Mid-market firms shuffle accountancy talent

2y Greg Noble

May People Moves: Mid-market firms shuffle account...

In May, we unpack the wave of activity in several mid-market firms, as well as the latest moves across regulators and trade bodies Read More...

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FRC minimum standard for audit committees ‘a step in the right direction’
Audit

FRC minimum standard for audit committees ‘a step in the right direction’

2y Greg Noble

FRC minimum standard for audit committees ‘a step ...

But it may not be the solution to building consistently high-quality audits Read More...

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HMRC R&D raid poses “significant risk” to accountants
HMRC

HMRC R&D raid poses “significant risk” to accountants

2y Sam Alberti

HMRC R&D raid poses “significant risk” to accounta...

HMRC investigations into R&D claims will have risen by 900% in the past four years, research suggests Read More...

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FRC to investigate Deloitte’s audit of Joules
Audit

FRC to investigate Deloitte’s audit of Joules

2y Greg Noble

FRC to investigate Deloitte’s audit of Joules

The investigation comes six months after Deloitte were hit with a £1.25m fine Read More...

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Professional scepticism requires ‘right’ culture
Accounting Firms

Professional scepticism requires ‘right’ culture

2y Greg Noble

Professional scepticism requires ‘right’ culture

Hill says the main issue regarding professional scepticism is human behaviour, particularly when working towards tight deadlines and budgets Read More...

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April People Moves: Big Four firm announces new head of ESG
Accounting Firms

April People Moves: Big Four firm announces new head of ESG

2y Greg Noble

April People Moves: Big Four firm announces new he...

This month saw a flurry of appointments and promotions from the industries mid-tier firms Read More...

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KPMG sanctioned for ‘rudimentary’ failings over The Works audit
Audit

KPMG sanctioned for ‘rudimentary’ failings over The Works audit

2y Greg Noble

KPMG sanctioned for ‘rudimentary’ failings over Th...

The FRC has said the admitted failings were "rudimentary and should not have occurred" Read More...

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ChatGPT less than 50% accurate in accounting exams, study finds
Technology

ChatGPT less than 50% accurate in accounting exams, study finds

2y Sam Alberti

ChatGPT less than 50% accurate in accounting exams...

Accounting students found to be considerably more capable across the board Read More...

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FRC initiates investigation into EY's audit of Made.com
Accounting Firms

FRC initiates investigation into EY's audit of Made.com

2y Greg Noble

FRC initiates investigation into EY's audit of Mad...

This is the second investigation the FRC has commenced into audits by EY this week Read More...

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EY split timeline: The abandoned break-up plan
Audit

EY split timeline: The abandoned break-up plan

2y Sam Alberti

EY split timeline: The abandoned break-up plan

After years of deliberations and millions of dollars spent, EY has officially pulled the plug on its greatly anticipated break-up plan Read More...

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Streets expands with Eadie Young merger
Accounting Firms

Streets expands with Eadie Young merger

2y Accountancy Age

Streets expands with Eadie Young merger

Top 50 UK accountancy practice, Streets Chartered Accountants, merges with Eadie Young to enhance services Read More...

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Changes abound – adapting to the new audit landscape
Audit

Changes abound – adapting to the new audit landscape

2y Phil Crooks

Changes abound – adapting to the new audit landsca...

Phil Crooks, managing director at Berkeley Research Group, outlines the key changes to the audit landscape in 2023. Read More...

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Carillion scandal highlights lack of ‘real competitors’ in UK audit
Audit

Carillion scandal highlights lack of ‘real competitors’ in UK audit

2y Sam Alberti

Carillion scandal highlights lack of ‘real competi...

KPMG's settlement of the £1.3bn legal claim highlights longstanding weaknesses in the audit sector, experts say Read More...

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Mazars: ‘Accounting issue’ to blame for local authority audit delays
Audit

Mazars: ‘Accounting issue’ to blame for local authority audit delays

2y Sam Alberti

Mazars: ‘Accounting issue’ to blame for local auth...

Challenges with the valuation of infrastructure assets have proven to be a key barrier for audit firms Read More...

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FRC chief to stand down amid “pivotal” time for audit reform
Audit

FRC chief to stand down amid “pivotal” time for audit reform

2y Sam Alberti

FRC chief to stand down amid “pivotal” time for au...

Sir Jon Thompson will begin leading the HS2 project with immediate effect Read More...

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Tech update: QuickBooks and iwoca join forces
Technology

Tech update: QuickBooks and iwoca join forces

2y Sam Alberti

Tech update: QuickBooks and iwoca join forces

The partnership has produced a first of its kind B2B buy now, pay later solution Read More...

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