Deloitte partner fined £120,000 by FRC over Serco ‘misconduct’
The Financial Reporting Council (FRC) has fined a Deloitte partner £120,000 over “misconduct”. The regulator published the settlement agreement in...
Accounting Standards
FRC sets Deloitte Autonomy tribunal for October
A hearing of the Disciplinary Tribunal of the Financial Reporting Council (FRC) has been set for 10 October in relation...
One in 12 accountants don’t complete enough CPD units, IFA says
According to analysis by the Institute of Financial Accountants (IFA), an estimated one in 12 accountants don’t complete enough relevant...
Charity Commission ‘concerned’ by quality of charity accounts
A new study published by the Charity Commission has found that only half of charity accounts reviewed met the regulator’s...
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...
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...
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