How the accounting watchdog is looking to unleash the City November 11, 2024 As Richard Moriarty gripped the sides of a podium and spoke freely from a sheet of bullet points at the London Stock Exchange in September, a warmth was stirring among certain City executives in the room. The tie-less career regulator, boss of the audit watchdog, the Financial Reporting Council, laid out his plans to shake [...]
Calls for audit reform grow after ISG found to owe £1bn November 3, 2024 Construction giant ISG collapsed with debts over a billion pounds, newly published filings have shown, prompting fresh calls for audit reform. ISG, which specialised in delivering government contracts projects like London’s velodrome, went bust in September after attempts to secure a rescue deal failed. The demise of ISG was the largest and most significant collapse [...]
Smaller firms eye chunk of Big Four’s audit work with uptick in clients September 30, 2024 Non-Big Four firms have experienced an uptick on audit work across FTSE 250 and all main market clients, as competition with the audit giants continues
FRC: Audit regulator’s review flags troubling performance by BDO and Mazars July 30, 2024 The Financial Reporting Council (FRC) has published its Annual Review of Audit Quality, highlighting troubling performance from audit firms BDO and Mazars
Grant Thornton moots deal with private equity firms July 7, 2024 Grant Thornton UK has been testing the waters over a potential deal with a number of private equity groups that would see them buy into the business.
Alliance Pharma sees profit and revenue spike amid ongoing uncertainty June 19, 2024 Alliance Pharma has hailed its strong second half performance for helping it to record sales and additional profit expansion in its preliminary results despite the healthcare group having delayed its audited results three times this year.
Crowe UK hit with £144,000 sanction for Aseana audit failings May 14, 2024 Accountancy firm Crowe UK has been hit with sanctions by the watchdog over its audit of London-listed Aseana Properties
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