Financial Reporting Council
Former KPMG executive eyes sale of new firm
A £1bn valuation for Sumer could cap a boom in deals in the accounting sector
Deloitte investigated over Glencore audits following SFO probe
The investigation follows probes into misconduct at the commodities giant
1 min read
Deloitte and Azets probed over collapsed fintech Stenn
Trade finance firm Stenn went bust in 2024 after a lender identified suspicious transactions
1 min read
KPMG fined over Carr’s Group audit
Accounting watchdog slaps Big Four beancounter and partner with sanctions
2 min read
New audit watchdog set to go after non-accountant directors
Government to press ahead with plan to hold top staff at firms accountable as Arga finally gets nearer
3 min read
PwC fined £4.5m over Wyelands Bank audit
Big Four firm and partner sanctioned by audit regulator for not understanding the extent of Wyelands’ ties to the Gupta Family Group Alliance
2 min read
PwC cleared in Intu Properties audit probe
Regulator drops investigation into PwC’s audits of property firm Intu
1 min read
Audit watchdog must help UK economy grow, government says
Audit watchdog instructed to help boost UK’s competitiveness as part of government’s growth push
2 min read
Anxious, underpaid and scared of bosses: FRC staff reveal life at the audit watchdog
Forty-nine FRC staff said they had seen someone else being bullied or treated unfairly at the regulator in the previous 12 months
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
KPMG fined £14m and ex-partner faces 15-year ban over forging documents in Carillion probe
Ex-KPMG staff found to have forged documents to mislead probe into Carillion audit
KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe
The audit firm and former staff were found to have misled inspectors from the FRC
Audit watchdog launches probes over Gupta-linked audits
Audits of Sanjeev Gupta-linked companies probed by watchdog
Ex-KPMG partner accused of lying about his role in Carillion audit forgeries
Peter Meehan denies being involved in the alleged forgery plot
How KPMG’s tough week unfolded at Carillion tribunal
KPMG and its ex-staff are accused of forging documents to mislead their regulator
8 min read
Audit regulator doubles lawyer staff in bid to ‘speed up’ City investigations
Legal staff jump from 15 to 27 as the regulator looks to a beefed up future
3 min read
Tougher audit standards fall short on fraud, shareholder group says
Pirc criticised the 'defeatist' text for giving excuses to auditors who miss fraud
3 min read
Here’s why the audit watchdog hit Deloitte with a record £21m fine for Autonomy audit
'If Deloitte had required Autonomy to present the truth surrounding its pure hardware sales to the market, there would have been a significant effect on the market'
3 min read