Efforts to ease cross-border mobility for auditors between the US and UK have hit a roadblock, with longstanding negotiations over mutual recognition ...
View articleThe Financial Reporting Council (FRC) has fined PwC £2.9 million and issued a severe reprimand over “serious failings” in its 2019 audit of Wyelands B...
View articleThe UK’s Financial Reporting Council (FRC) has launched an investigation into accountancy firm MHA over its audit of failed construction giant ISG, ad...
View articleContinuing econonmic uncertainty serves as a reminder to businesses that consistent, high-quality financial reporting is more important than ever, a F...
View articleAccording to the Chartered IIA, internal audit should be placed at the forefront of a new Code Read More...
View articleFines, regulatory oversight and greater investigations are sparking worries that sector control by giants will continue Read More...
View articleAfter cooperating with the inquiry, the firms and partners received a reduction in fines Read More...
View articleThe proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...
View articleBut it may not be the solution to building consistently high-quality audits Read More...
View articleThe FRC has said the admitted failings were "rudimentary and should not have occurred" Read More...
View articleThis is the second investigation the FRC has commenced into audits by EY this week Read More...
View articleSir Jon Thompson will begin leading the HS2 project with immediate effect Read More...
View articleThe FRC wants to help firms understand what ESG information stakeholders really want Read More...
View articleThe accountancy industry has been hit by several exam cheating cases over the last few years Read More...
View articleThe Big Four firm was found guilty of breaches in relation to cash and the audit of supplier rebates Read More...
View articleThe audit regulator announced new supervisory measures to help smaller audit firms grab market share Read More...
View articleThe Financial Reporting Council (FRC) has unveiled plans to stimulate competition and resilience in the UK audit market, with a view to remedying the ...
View articleBoth companies and their auditors must improve on cash flow statements, the regulator said Read More...
View articlePreparers of non-financial reports must consider materiality and how it serves the primary users of the statements, panelists at an FRC event said Rea...
View articleAuditors have been feeling the heat recently after a series of high-profile failures, but what lies ahead and are they solely to blame? Read More...
View articleThe accounting regulator also handed partner Richard Hughes a £42,000 fine Read More...
View articleThe FRC regulator’s audit quality scores show a slight improvement despite “unacceptable” reviews from Mazars and BDO Read More...
View articleThe FRC intervention to prevent cheating in the UK follows huge fines issued to firms in the US, Australia, and Canada Read More...
View articleThe judgement concludes more than five years of probes into the audit firm’s accounts Read More...
View articleThe first update to the UK Corporate Governance Code in four years will see the creation of a stronger framework for reporting on internal controls an...
View articleThe FRC and major audit firms have criticised the UK government’s watered-down proposals Read More...
View articleThe big four auditor is being penalised for “conspiracy to corrupt and a failure to prevent bribery” Read More...
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