Sir Jon Thompson: Ex-FRC and HS2 boss among ‘new high-calibre directors’ at Frasers February 26, 2024 The appointments come as Frasers has been embarking on a series of acquisitions and share purchases, with the most recent being Hornby last week.
Badenoch under pressure to revive sweeping audit reform February 12, 2024 Kemi Badenoch is under pressure from a top City group to revive a sweeping shake-up of audit rules after the government shelved many of its reform plans last year, City A.M. can reveal.
Accounting watchdog cuts red tape as ministers press regulators for UK growth January 22, 2024 The City’s accounting watchdog has confirmed a newly slimmed down rulebook for companies today as it looks to ease the red tape burden on firms and “support the growth and competitiveness” of the UK.
Schroders Greencoat to pay £700m for Toucan in back-door Thurrock Council refund January 19, 2024 Schroders Greencoat is expected to buy up insolvent solar energy firm Toucan Energy next week, reports suggest.
Financial Reporting Council fines against auditors nearly doubled in two years January 8, 2024 The Financial Reporting Council (FRC) levied record-level fines against auditors after it promised to become more "forceful”.
Grant Thornton axed from top flight of audit supervision after removing high-profile clients January 7, 2024 Accountancy firm Grant Thornton has been cut from the industry watchdog’s top tier of audit supervision after removing a number of high-profile clients.
Accountancy watchdog called on to raise threshold for enforcement action January 4, 2024 An accountancy chief has called on the Financial Reporting Council (FRC) to raise the threshold for enforcement action against auditors. Speaking to the Financial Times, Michael Izza, chief executive of the Institute of Chartered Accountants England and Wales said: “Prior to 2017, if the FRC brought a case against an auditor, the threshold test that [...]
FRC opens probe into a member over the bankrupted Thurrock Council January 3, 2024 The Financial Reporting Council (FRC) has launched an investigation into the conduct of "a member" in relation to the bankrupted Thurrock Council's accounts.
PwC cleared by watchdog after probe into audit of collapsed property firm Intu December 19, 2023 The accounting watchdog has dropped an investigation into PwC’s audit of property group Intu today and cleared the partners in charge after a year long probe into the Big Four firm's work on the firm.
Leading lawyer Rachel Kent appointed by Treasury to oversee City watchdog scrutiny December 18, 2023 "The financial services regulators have a significant impact on millions of consumers and firms and it is important that they are subject to effective scrutiny," Kent said.