FRC opens consultation on SECR Taxonomy
The FRC has today opened a consultation on the draft Streamlined Energy and Carbon Reporting (SECR) Taxonomy. The draft is...
Accounting Standards
FRC fines KPMG £3.5m for Client Assets Reports of BNY Mellon entities
The Financial Reporting Council (FRC) has fined KPMG £3.5m in relation to Client Assets Reports in respect of The Bank...
Deloitte fined £4.2m for Serco audit failings
The Financial Reporting Council (FRC) has fined Deloitte £4.2m in relation to the audit of the financial statements of Serco...
IASB consults on amendments to aid implementation of IFRS 17
The International Accounting Standards (IASB) board has proposed amendments to the insurance contracts Standard, IFRS 17, for public consultation. The...
KPMG US fined $50m for altering audits
The Securities and Exchange Commission (SEC) has charged KPMG with altering past audit work after it received stolen information about...
Charity chief executive ‘acted in self interest’ regulator finds
A Charity Commission inquiry into the Busoga Association has found “serious mismanagement and/or misconduct” by the trustees and CEO of...
Charity accounting must change to meet ‘new public expectations’
A panel set up to review the future development of charity reporting and accounting has published its final report making...
IASB proposes annual improvements to IFRS Standards
The International Accounting Standards Board (IASB) has published proposed narrow-scope amendments to four IFRS Standards as part of its maintenance...
FRC fines MSR Partners over Laura Ashley audit
The Financial Reporting Council (FRC) has fined MSR Partners over its statutory audit of Laura Ashley. MSR Partners LLP (formerly...
Women make up only a quarter of accountancy executive boards
Women make up just a quarter of the executive boards at accountancy firms, according to research from employee engagement experts...
LATEST HEADLINES
Employer handed £350,000 fine for workplace pension failures
The Pensions Regulator (TPR) has fined an unnamed company £350,000 for workplace pension failures. Employers are being warned by...
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