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Regulators
Grant Thornton fined £3m by FRC
The Financial Reporting Council (FRC) has fined Grant Thornton UK £3m for “firm-wide failures” to ensure compliance with ethical standards…
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People Moves
Scott Jeffrey joins FRC’s Technical Advisory Group
Scott Jeffrey, audit partner in Johnston Carmichael’s Inverness team, has been appointed to the Financial Reporting Council’s (FRC) UK GAAP…
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Regulators
FRC sets new guidelines for ‘Big Four’ audits
The FRC has announced new guidelines for the audit practices of the UK’s ‘Big Four’ accountancy firms. The objectives of…
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Audit
Auditors implement new going concern measures during Covid-19
Audit firms have introduced a range of additional measures to enhance their evaluation of companies’ going concern assessments, since the…
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People Moves
MHA MacIntyre Hudson promotes VAT specialist to Partner
MHA MacIntyre Hudson has announced the promotion of VAT director Sue Rathmell to partner. Rathmell, who joined MHA in 2017…
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Administrations
PwC appointed as administrators to Harveys
Furniture retailer Harveys has collapsed into administration after the retailer’s parent company, Blue Group, called in PwC to financially restructure…
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Economy
Revised ONS data reveals greater GDP drop in Q1 2020
The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards…
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Accounting Firms
EY failed to check Wirecard’s Singaporean accounts for three years, reports claim
‘Big Four’ accountancy firm EY failed to request account information from a Singaporean bank reportedly used by German lender Wirecard…
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Regulators
FRC anncounes Disciplinary Tribunal hearing over Autonomy Corporation audits
The Financial Reporting Council (FRC) has announced a Disciplinary Tribunal hearing into Deloitte and ICAEW members Richard Knights and Nigel…
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Events
AAT face-to-face events cancelled until at least 30 September
All Association of Accounting Technicians (AAT) face-to-face events, which it had cancelled until 30 June, will now be cancelled until…
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