Chartered IIA report highlights top risks in industry
The Chartered Institute of Internal Auditors has released its annual Risk in Focus 2021 report, which tracks the risks facing...
Tuesday, September 22, 2020
Audit
Half of internal audit teams affected by Covid-19 redeployment
Redeployment during the coronavirus lockdown has affected 46% of UK internal audit teams, according to the latest Internal Audit in...
Chartered IIA calls on the government to ‘urgently’ accelerate UK audit reform
The Chartered Institute of Internal Auditors (Chartered IIA) has called on the UK Government to “move faster” in bringing forward...
Deloitte first Big Four firm to confirm audit split
Deloitte has announced its plans to establish an independent audit governance board (AGB), effective from January 2021, with the responsibility...
PwC declines role as Petropavlovsk auditor
Big Four accountancy firm PwC has declined its appointment as auditors of Russian gold mining company Petropavlovsk over concerns of...
FTSE 100 audit fees reach new high
Fees paid to auditors by FTSE 100 companies reached £911m in 2019, up from the £892m reported in 2018, according...
Lookers expands accounting probe
Lookers and its auditor, Deloitte, have announced they are extending the scope of its 2019 audit. The move follows a...
FRP seeks legal action over GT audit of Patisserie Valerie
Accountancy firm Grant Thornton is facing potential legal action over its handling of embattled café chain Patisserie Valerie’s accounts, reports...
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...
Grant Thornton finds £19m overstatement in Lookers accounts
Lookers has confirmed that it must make an adjustment of £19m in order to “correct overstatements in profitability” over the...
