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Financial Reporting Council issues £43m of penalties in drive to shed soft image
Split with longstanding client adds to pressure on Mike Ashley over governance
FRC demands information on sexual harassment and substance abuse
FRC had called for record penalty of £12.5m over botched reports
Revamped regulatory body will aim to restore confidence in quality of audit work
FRC findings add to cloud over sector after Patisserie Valerie and Carillion scandals
In practice, it allows asset values to be marked up and future profits to be factored in
Worker urges regulator to investigate how Big Four firm responded to complaints
Body in charge of sector gave Indian students an unfair advantage in its exam process
Accountant disputes ‘extravagant’ and ‘gargantuan’ penalty called for by UK regulator at hearing
Watchdog examines whistleblower complaint about obstruction on deficit estimate
Revamped governance code sparks debate on where shareholder duty should begin and end
Some privately admit that wholesale legislative reform is unavoidable
Penalties imposed by UK accountancy watchdog relate to 2009 acquisition of Britannia
UK accounting watchdog issues reprimand over 10 year old audit of Equity Syndicate Management
Move by Financial Reporting Council comes weeks after outsourcer collapsed into administration
New regulator will be more independent, with a much wider range of powers
Audit, Reporting and Governance Authority to have more stringent powers than FRC
Draft FRC code is lavish with clipboard-ticking ESG checks but misses the key point
BHS and Carillion prompt calls for more robust reviews of likely corporate failures
Criticised by officials as rotten and decrepit — change is urgently needed
Rob Kennedy told the Financial Reporting Council the bank slashed its provisions
Stephen Haddrill insists accountancy firms are expected to spot fraudulent activities
