Audit watchdog plans to ditch ‘environment’ focus in growth push Investing 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 [...]
FRC: Audit regulator’s review flags troubling performance by BDO and Mazars AUDIT The Financial Reporting Council (FRC) has published its Annual Review of Audit Quality, highlighting troubling performance from audit firms BDO and Mazars
Alliance Pharma sees profit and revenue spike amid ongoing uncertainty Pharma 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
Mazars: UK business reports third straight year of double-digit growth March 20, 2024 Mazars has reported that its UK business saw a third straight year of double-digit growth despite tough economic conditions and competition within the sector.
Government stuck in public services ‘doom loop’, top think tank warns October 30, 2023 The government is stuck in a “doom loop” with the UK’s public services “in a dire state”, a top think tank has warned. An annual report on UK public services has forecast that almost all services, other than child social care, could perform worse in 2027-2028 when compared to pre-pandemic levels. This is due to [...]
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.