This 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...
View articleOne in ten businesses are failing to submit compulsory modern slavery statements Read More...
View articleBut according to one expert, the industry response could render the move "redundant" Read More...
View articleThe Financial Reporting Council’s release of its three-year plan has been welcomed by auditors and accountants, but some argue it highlights the “over...
View articleThe sanctions relate to the firm’s audit of Conviviality PLC between 2017 and 2018 Read More...
View articleStakeholders have expressed little support for the plans Read More...
View articleMinisters are currently assessing a series of proposals to strengthen UK audit Read More...
View articleFRC audit quality scores reflect "unacceptable" performances from some firms and reinforce need for government reforms Read More...
View articleWith many retailers still reeling from the impact of the lockdowns, the Financial Reporting Council (FRC) has proposed extending the application perio...
View articleRegulatory body has launched an investigation into Deloitte’s auditing practices for the years ending 2017 and 2018 Read More...
View articleFormer Deloitte partners failed to act with “professional scepticism” Read More...
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