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.
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.
PwC and EY handed multimillion-pound fines for London Capital & Finance audits May 7, 2024 Three firms, including PwC and Ernst & Young (EY), have been handed fines by the accounting watchdog for their audits of London Capital & Finance (LCF), a minibonds firm which took money from almost 12,000 investors before collapsing in 2019.
Man who bought private jet with bankrupt Thurrock Council money is sued for fraud March 8, 2024 Man accused of cheating the bankrupt Thurrock Council out of millions of pounds in order to buy luxury goods, is now being sued.
Accountancy watchdog launches probe into UK network firm of Baker Tilly International May 16, 2024 The accountancy watchdog has launched a probe into MacIntyre Hudson over an audit of a unnamed company financial statement
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
EY faces investigation over audit of Made.com before firm collapsed April 20, 2023 The UK’s audit watchdog has launched an investigation into EY’s audit of Made.com before the firm collapsed late last year. The online furniture business went into administration in November after rescue talks to find a buyer failed. The Financial Reporting Council announced today that it will start investigating EY’s audit of the firm’s accounts for [...]
Financial Reporting Council unveils plans to beef up enforcement in audit cases February 5, 2020 Audit watchdog the Financial Reporting Council (FRC) today announced plans to create a “more forceful regulator”. The FRC has been heavily criticised for the slow pace of its investigations into matters such as the audit of Hbos shortly before its collapse. It has also been criticised for its perceived toothlessness and its cosy relationship with [...]
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.
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