Audit
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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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Aug- 2022 -23 August
Deloitte to hire over 6,000 new auditor & assurance professionals
Deloitte has announced it is set to hire more than 6,000 new people into the firm’s UK audit and assurance…
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19 August
FRC publishes regulations for new PIE Auditor Register
The Financial Reporting Council (FRC) has published the regulations for the upcoming PIE Auditor Register, following the Government’s response to…
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8 August
FRC fines PwC £1.75m over BT audit fraud discovery
The Financial Reporting Council (FRC) had fined auditor PricewaterhouseCoopers (PwC) £1.75m and audit partner Richard Hughes after it failed to…
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Jul- 2022 -22 July
FRC welcomes KPMG’s good practice, identifies areas of improvement
The FRC has welcomed KPMG’s good practice but identified areas of improvement as it released its audit inspection report of…
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Jun- 2022 -17 June
‘More needed’ to improve local authority reporting, says ICAEW
ICAEW’s response to a CIPFA LASAAC consultation has called for the local audit system leader to take a “whole system…
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May- 2022 -11 May
Chartered IIA welcomes draft audit reform commitment in Queen’s Speech
The Chartered IIA has “welcomed the commitment” to draft audit reform bill in Queen’s Speech but calls on Government to…
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