Audit
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Apr- 2022 -21 April
FRC fines Deloitte £2m over Mitie Group audit breach
The Financial Reporting Council (FRC) has issued a financial sanction of £2m against Deloitte LLP and its audit engagement partner,…
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13 April
FRC unveils new audit firm governance code
The Financial Reporting Council (FRC) has published a new audit firm governance code for the big four audit firms and…
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7 April
FRC publishes three-year plan towards ARGA
The Financial Reporting Council (FRC) has published its three-year plan which sets out the FRC’s progress towards establishing the new…
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Mar- 2022 -16 March
CIIA pens letter to PM urging audit reform
The Chartered Institute of Internal Auditors (CIIA) has penned a letter to the prime minister to highlight the concerns regarding…
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8 March
FRC fines KPMG £1.25m over Revolution Bars audit
The executive counsel of the Financial Reporting Council (FRC) has fined KPMG LLP £1.25m and imposed further sanctions against it…
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Jan- 2022 -27 January
ACCs ‘particularly alert’ to auditor tendering process, FRC finds
Audit committee chairs (ACCs) are “particularly alert” to quality during the auditor tendering process, with mandatory tendering being seen as…
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17 January
FRC to investigate PwC’s Babcock audits
The Financial Reporting Council (FRC) has commenced an investigation into the statutory audits by PricewaterhouseCoopers LLP (PwC) of Babcock International…
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11 January
Fintel appoints EY as new auditor
Financial services company Fintel has announced the appointment of EY as its new independent auditor with immediate effect. The board…
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7 January
FRC to investigate MacIntyre Hudson audits of MRG Finance
The Financial Reporting Council has commenced an investigation into MacIntyre Hudson’s audits of MRG Finance UK. The audits in question were…
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4 January
PCF appoints MacIntyre Hudson as new auditor
PCF bank has revealed that MacIntyre Hudson has been appointed as the newest auditor for the group. The appointment follows…
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