ICAEW backs Brydon review but warns of ‘acting in haste’
The major reforms proposed in a review published by Sir Donald Brydon have been welcomed by the ICAEW, however it...
Audit
M&C Saatchi accounting errors total £11.6m
M&C Saatchi announced it will need to make adjustments of £11.6 million to its financial results, following an independent review...
ITV appoints PwC as auditors from 2021
Media giant ITV has announced that following the conclusion of a formal competitive tender process led by its Audit and...
New audit partner for MHA Henderson Loggie
MHA Henderson Loggie has announced the appointment of Diana Penny as its new audit partner, joining the Edinburgh team. She...
Audit quality still not reaching ‘necessary high standards’, says FRC
The Financial Reporting Council (FRC) has urged a “crack down” on audit firms which have failed to improve its quality...
Sports Direct appoints RSM UK as new auditor
Sports Direct has announced the appointment of RSM UK Group as its new auditor with immediate effect. It ends a...
Majority of public don’t trust current audit system, says Mazars
Just 17% of the public trusts the current audit system, according to a new study by accountancy firm Mazars. The...
Jessops owner preparing to call in administrators
Dragon’s Den star Peter Jones, owner of camera retailer Jessops, is planning to call in administrators in an attempt to...
FRC to investigate Thomas Cook auditor following collapse
The Financial Reporting Council (FRC) has announced it will be investigating Thomas Cook’s auditor EY, following its collapse last week...
FRC strengthens Going Concern audit standard
The Financial Reporting Council (FRC) has issued a revised going concern standard in response to recent enforcement cases and “well-publicised...
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