Big Four vs Watchdog: Giants rack up over £154m in fines April 16, 2025 The accountancy regulator has handed over £154m in fines to the Big Four firms over the last five years for audit failures
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 [...]
Ex-BDO senior manager handed 20-year ban for falsifying documents November 14, 2024 The audit watchdog has banned a former senior manager of accountancy giant BDO for 20 years after she was found to have been creating false documents
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 [...]
Audit watchdog plans to ditch ‘environment’ focus in growth push November 11, 2024 The audit watchdog is planning to remove references to the “environment” and “society” from a code setting standards for City investors in a bid to simplify reporting processes and get behind the government’s push for growth, City AM can reveal. In a consultation document today, the Financial Reporting Council (FRC) will reveal plans to make a number [...]
Mike Ashley’s Frasers Group hires former HS2 and HMRC boss June 3, 2024 Mike Ashley's retail empire Frasers Group has joined the former chair of HS2 and CEO of HMRC to its board.
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”.
Former Financial Reporting Council employee ordered to pay regulator after employment case dismissed February 28, 2024 Mr R Hartigan took the FRC to the Employment Tribunal (ET) last year after he was dismissed in September 2022 because he made a single protected disclosure.
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.
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 [...]