FRC
EY fined nearly £5m over Thomas Cook audits
The collapse of travel company Thomas Cook in 2019 left thousands of holidaymakers stranded
2 min read
Accounting watchdog probes BDO’s audit of Home REIT
Mid-market auditor investigated over sheltered housing investor’s accounts
1 min read
BP’s U-turn shows we must rethink investor stewardship
The primary driver of good stewardship should be market forces, not regulation
4 min read
KPMG investigated over Entain audit
Big Four accountancy firm probed over gambling company audit
1 min read
‘Muppets and miscreants’ don’t speak for auditors, FRC boss says
The head of the audit watchdog wants to restore the profession’s reputation after a series of crises
2 min read
Audit watchdog frees up corporate governance code in bid to keep UK on top
City leaders welcome flexibility in new rules
3 min read
Accountancy body head says up threshold for fines to secure new talent
'If you want good people to come in, if you want good firms, you’ve got to give them a profession where they feel their view is valued'
3 min read
PwC cleared in Intu Properties audit probe
Regulator drops investigation into PwC’s audits of property firm Intu
1 min read
City chiefs: Audit regulator must boost competitiveness
Capital Markets Industry Taskforce piles on the pressure for regulatory change ahead of Chancellor’s speech
3 min read
Keith Skeoch: Reform the audit sector before another blow-up
The 66-year-old former Standard Life Aberdeen CEO could have retired when he quit the audit watchdog. He instead chose to return to the City
6 min read
KPMG fined record £30m over Carillion auditing scandal
KPMG UK hit with record fine over ‘exceptional’ failures in audits of Carillion
2 min read
Audit watchdog names new CEO as Sir Jon Thompson heads to HS2
Seasoned regulator Richard Moriarty to take charge at a pivotal period for the FRC
Watchdog calls out BDO and Mazars over poor progress on audit quality
'There are still significant areas of work that need to be addressed' according to the FRC
KPMG and PwC fined by regulator over Eddie Stobart audits
Big Four firms reprimanded over work for trucking company Eddie Stobart
Pay junior auditors more if you want to attract staff, watchdog’s chair says
Audit salaries are lagging other City professions that have seen wages at the lower ranks spiral
KPMG’s global ESG boss backs tougher climate audit rules
John McCalla-Leacy tells FN he welcomes stricter oversight from the FRC on green reporting
3 min read
FRC chief executive set for exit to lead HS2
Sir Jon Thompson will continue as chief executive of the FRC on a part-time basis until the end of his six months’ notice period
2 min read
Audit regulator unfairly dismissed ‘exhausted and stressed’ employee, tribunal finds
The FRC treated a stressed manager unfairly, an employment hearing has decided
3 min read
Audit regulator tightens rules with new register
The public-interest entities auditor register will determine who can audit the financial statements of large listed companies or financial institutions
3 min read
PwC fined £2.5m over BT fraud audit failures
One of the firm’s former audit partners was fined £60,000
1 min read
