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...
Saturday, July 4, 2020
Audit
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...
BDO climbs to the top of UK audit market
BDO has become the second-largest auditor in the UK, having gained 35 listed clients in the 12 months to May,...
Deloitte to resign as Lookers auditors
Deloitte is reportedly set to resign from its position as auditor for the car dealership Lookers. In its latest trading...
FRC to investigate KPMG and PwC over audits of Eddie Stobart Logistics
The Financial Reporting Council (FRC) has commenced two investigations into the audits of Eddie Stobart Logistics plc for the years...
Carillion preps for KPMG lawsuit
Carillion has accelerated its efforts to bring a civil lawsuit against KPMG, preparing to mount a negligence claim over previous...
Early warning systems must be enhanced to improve audit quality, says FRC
Tools for flagging signs of poor quality audits should be used more effectively so timely corrective action can be taken,...
Audit profits at Grant Thornton slashed by 90%
Grant Thornton announced it has seen a return to revenue and profit growth towards the end of last year, despite...
FRC guidance for companies and auditors during Covid-19 virus outbreak
The Financial Conduct Authority (FCA), Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) have today (26 March) announced a...
FCA asks companies to delay preliminary financial accounts
The Financial Conduct Authority (FCA) has requested companies which were due to issue its preliminary trading updates in the next...
