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Financial Reporting Council (FRC)

  • EY slapped with fine over audit of Scottish water company

    April 14, 2025

    Big Four giant EY has been sanctioned £ 500,000 over its audit of a Scottish water company, less than a week after its other sanction

  • EY slapped with £6.5m fine over Thomas Cook audits

    April 10, 2025

    The watchdog has fined Big Four giant EY £6.5m for its audit of the collapsed airline Thomas Cook.

  • PwC fined £4.5m over audits of Gupta-linked bank Wyelands

    March 25, 2025

    Big Four firm PwC has been fined over £4.5m for its audits of Sanjeev Gupta's Wyelands Bank.

  • KPMG: Regulator probes Big Four firm over audit of Ladbrokes-owner Entain

    January 20, 2025

    The accountancy watchdog has kicked off an investigation into Big Four firm KPMG over its audit of gambling giant Entain

  • Carillion is ancient history. Seven years on, the audit profession has moved on

    January 15, 2025

    Seven years on, the audit industry has moved on from Carillion. It's legislation that needs to catch up, writes ICAEW CEO Alan Vallance.

  • Audit watchdog swaps City of London for Canary Wharf’s Harbour Exchange

    December 17, 2024

    The Financial Reporting Council (FRC) has revealed it's swapping its City office for Harbour Exchange in Canary Wharf

  • The rise of the regulators

    December 10, 2024

    Regulators have expanded massively over the last 50 years, in terms of headcount, expenditure and scope. This has created a risk aversion ratchet which is hampering growth and damaging democracy – there is another way, says James Vitali Over the past fifty years, a silent revolution has taken place in the British constitution. While central [...]

  • London Capital & Finance was a ‘Ponzi scheme’, judge rules

    November 14, 2024

    Former executives of the collapsed London Capital and Finance (LCF) participated in fraudulent conduct, ruled a High Court judge.

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