Financial Reporting Council

Wednesday, 5 February, 2020

Accounting scandals prompt shake-up at UK watchdog

FRC will expand its enforcement powers and speed up investigations

Friday, 24 January, 2020

UK’s big private companies brace for audit scrutiny

Move to hold unlisted businesses to the same standard as public companies

Friday, 10 January, 2020

KPMG LLP

Decision on KPMG’s audit of Carillion delayed

UK watchdog misses self-imposed deadline to complete its probe due to ‘complexity’ of case

Thursday, 9 January, 2020

Corporate governance

UK companies ‘paying lip service’ to governance

Financial Reporting Council says businesses focus on box-ticking not improving culture

Friday, 27 December, 2019

Accountancy

Big Four set aside £162m for fines and legal claims

FRC investigating 30 suspected failed audits as government plans more powerful regulator

Tuesday, 24 December, 2019

Accountancy

UK ministers under fire for vague audit reform pledge

Review author John Kingman says lack of legislation in Queen’s Speech is ‘disappointing’

Thursday, 19 December, 2019

Thomas Cook Group PLC

Accounting regulator extends probe into EY audit of Thomas Cook

FRC will now investigate Big Four firm’s audits in both 2017 and 2018

Tuesday, 17 December, 2019

Regulator tightens rules on audit independence

FRC ban on firms offering number of advisory services set to hit Big Four

Tuesday, 10 December, 2019

LombardMatthew Vincent

Grant Thornton audit failings must be made public

How can the regulator impose £650,000 fine but not name the public company involved?

Promoted Content

Tuesday, 10 December, 2019

Grant Thornton UK LLP

Grant Thornton fined £650,000 by FRC over inadequate audit

Accounting watchdog criticised for not naming company where errors were identified

Monday, 25 November, 2019

UK audit watchdog beefs up enforcement division

Financial Reporting Council hires white-collar crime specialist Jamie Symington

Tuesday, 19 November, 2019

KPMG LLP

SoftBank in talks to take over KPMG Mayfair club

Big Four firm to dispose of property after regulator raised client perks concerns

Thursday, 7 November, 2019

InterviewAccountancy

FRC chairman urges break-up of Big Four accountants

Simon Dingemans says separation of audit and consulting is ‘critical’

Tuesday, 15 October, 2019

Kingman hits out at drift in reform of UK accountancy

Head of review of industry disappointed shake-up of FRC not in Queen’s Speech in wake of scandals

Friday, 11 October, 2019

Autonomy Corp PLC

Deloitte was too close to Autonomy, regulators claim

FRC alleges former partner ‘consciously lost his objectivity’ as disciplinary tribunal begins

Tuesday, 8 October, 2019

FRC chairman steps up plans for stronger accounting watchdog

New regulator to have more powers to discipline audit firms and their directors

Tuesday, 1 October, 2019

LombardThomas Cook Group PLC

Shock headline: Thomas Cook auditor not to blame

Since the travel group went bust, EY has been criticised — but it did its job

Tuesday, 24 September, 2019

Thomas Cook Group PLC

Accounting regulator looks at Thomas Cook investigation

FRC considers ‘as matter of urgency’ launching probe and enforcement action

Tuesday, 30 July, 2019

UK financial regulation

UK watchdog triples fines on accountancy firms

Financial Reporting Council issues £43m of penalties in drive to shed soft image

Monday, 29 July, 2019

Frasers Group

Grant Thornton to quit as Sports Direct auditor

Split with longstanding client adds to pressure on Mike Ashley over governance

Wednesday, 24 July, 2019

Accountancy

Accountants ordered to disclose personal misconduct data

FRC demands information on sexual harassment and substance abuse

Wednesday, 24 July, 2019

KPMG LLP

KPMG fined £5m over breach in BNY Mellon audit

FRC had called for record penalty of £12.5m over botched reports

Thursday, 18 July, 2019

Accountancy

HMRC’s Thompson chosen to lead accounting watchdog

Revamped regulatory body will aim to restore confidence in quality of audit work

Wednesday, 10 July, 2019

Accountancy

Grant Thornton and PwC criticised for substandard audits

FRC findings add to cloud over sector after Patisserie Valerie and Carillion scandals

Tuesday, 9 July, 2019

LombardAccountancy

‘Fair value’ rule does little to boost audit standards

In practice, it allows asset values to be marked up and future profits to be factored in

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