Audit
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Dec- 2022 -8 December
FRC to introduce new support for small audit firms
The Financial Reporting Council (FRC) has announced new supervision measures which aim to support smaller audit firms seeking to grow…
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Nov- 2022 -24 November
FRC sets out good practice for audit scepticism
The Financial Reporting Council (FRC) has published a new report setting out examples of good practice to improve auditor scepticism…
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23 November
FRC to fine Deloitte £440k over 2018 audit
The Financial Reporting Council’s Audit Quality team has issued a notice of a proposed sanction on Deloitte, proposing a regulatory…
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Oct- 2022 -17 October
KPMG appointed auditor for Direct Line
Direct Line has announced the appointment of KPMG as the new auditor of the company for the financial year ending…
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14 October
Revolution Beauty CEO and exec chair stand down amid audit investigation
Revolution Beauty has announced that its executive chairman, Tom Allsworth, and chief executive, Adam Minto, have both voluntarily agreed to…
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13 October
Mazars resigns as British Steel auditor over fee dispute
Mazars has reportedly resigned as the auditor of British Steel over a disagreement regarding its fee to audit the company’s…
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Sep- 2022 -23 September
Revolution Beauty to undergo investigation into audit failures
Revolution Beauty has said it will undergo an audit investigation after its failure to complete its auditing quickly enough, as…
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23 September
Companies rack up £120m in unnecessary audits fees, Azets warns
Almost 8,000 UK companies have been left with “unnecessary” compliance costs estimated at over £120m, as the audit exemption threshold…
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14 September
Kreston Reeves appointed as Driver Group’s auditor
Driver Group plc, a consultancy service for construction and engineering industries, has announced that it has appointed Kreston Reeves LLP…
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12 September
Darktrace admits to £3.25m accounting error
The British-American information technology company that specialises in cyber-defence, Darktrace, reportedly failed to reveal that $3.8m (£3.25m) of its revenue…
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