Accounting Standards
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Jul- 2022 -25 July
100% of Grant Thornton’s audits deemed ‘good’, FRC finds
The Financial Reporting Council (FRC) has found that 100% of Grant Thornton’s audits which were inspected were deemed as “good”…
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22 July
Deloitte audits need little improvement, FRC finds
The FRC has found that Deloitte required only few improvements in the way it carried out its audits as part…
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20 July
Mazars and BDO audits deemed ‘unacceptable’ by FRC
The Financial Reporting Council (FRC) has dubbed the audits of challenger firms Mazars and BDO “unacceptable” in its annual inspection…
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11 July
Gov resignations could impact audit reform, Theta Global warns
The resignation of the UK’s city minister John Glen could cast doubt over the future of audit reform, the co-founder…
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7 July
FCA appoints six new directors
The Financial Conduct Authority (FCA) has appointed six new directors as it expands its headcount to meet a “growing” remit…
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6 July
ACCA report warns of challenges for internal control within organisations
A new report from the Association of Chartered Certified Accountants (ACCA) has revealed the purpose and effectiveness of internal control…
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Jun- 2022 -23 June
FRC issues consultation on audit quality indicators
The Financial Reporting Council (FRC) has issued a consultation on publishing audit quality indicators (AQIs) for the largest UK audit…
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21 June
ACCA and Innovate Finance unveil new collaboration
The Association of Chartered Certified Accountants (ACCA) and Innovate Finance have reached an agreement to combine their networks and collaborate…
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6 June
New chairs appointed to FCA panels
The Financial Conduct Authority (FCA) has appointed Helen Charlton as the new chair of the Financial Services Consumer Panel, and…
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May- 2022 -20 May
FCA strengthens consumer protection with new powers
The Financial Conduct Authority (FCA) has said it will use new powers to “more swiftly” cancel or change what regulated…
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