Accounting watchdog: We must regulate so there is ‘a net benefit for UK PLC’ May 7, 2024 The head of the country’s accounting watchdog has said the agency must regulate in a manner that has “a net benefit for UK PLC”.
PwC Hong Kong denies claims about China Evergrande audits in anonymous letter April 16, 2024 PwC Hong Kong has denied claims set out in an anonymous letter circulating on Chinese social media about its audit work for property developer China Evergrande Group.
Grant Thornton fined by audit watchdog for failures with local authority pension fund April 8, 2024 The failures included two uncorrected material errors which appeared in the version of the pension fund’s audited financial statements
Mazars: UK business reports third straight year of double-digit growth March 20, 2024 Mazars has reported that its UK business saw a third straight year of double-digit growth despite tough economic conditions and competition within the sector.
Government stuck in public services ‘doom loop’, top think tank warns October 30, 2023 The government is stuck in a “doom loop” with the UK’s public services “in a dire state”, a top think tank has warned. An annual report on UK public services has forecast that almost all services, other than child social care, could perform worse in 2027-2028 when compared to pre-pandemic levels. This is due to [...]
MPs call on Rishi Sunak to stop delaying audit reform October 29, 2023 A group of MPs and peers have written to the Prime Minister to call on him to include the Audit Reform Bill in King Charles’ state opening of Parliament on Wednesday, November 7.
Labour pledge to overhaul audit and corporate governance regime September 25, 2023 The Labour Party has said it will pass long-awaited legislation on audit and corporate governance reforms if it wins the next general election.
UK audit watchdog picks former aviation regulator as new chief July 31, 2023 Richard Moriarty has been appointed chief executive of the audit regulator, the Financial Reporting Council (FRC), as it undergoes major reforms. Moriarty, who most recently served as chief executive of the Civil Aviation Authority for five years, will take up his role at the beginning of October. Sarah Rapson will take the role of acting [...]
Government price tag for making tax digital has ballooned, report warns June 12, 2023 The credibility of the government’s plans to allow people to file their tax bills digitally has been undermined by repeated delays and a bill that has increased about sixfold, the National Audit Office (NAO) has said. The official auditors said that the final bill is currently expected to be £1.3bn, an increase of more than [...]
New audit watchdog: FRC set to confirm CEO will move from London to Birmingham March 31, 2023 The CEO of the newly former audit watchdog will be based in Birmingham - a more than hour long train journey away from the country’s auditors, City A.M. understands.