Regulation
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Mar- 2019 -19 March
FRC audit chief resigns
Mike Suffield, the acting executive director of the Financial Reporting Council (FRC), will step down from his role to join…
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18 March
Grant Thornton facing legal claim over Patisserie Valerie accounts
Accounting firm Grant Thornton may face a legal claim after KPMG discovered the consolidated accounts of embattled bakery chain Patisserie…
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15 March
ICAEW ‘encouraged’ by gov MTD announcement
Institute of Chartered Accountants in England and Wales (ICAEW) has said it is “encouraged” by the “ very light touch”…
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15 March
Disqualified restaurant operator gets second ban
A previously disqualified restaurant director has received a second ban for illegally running a restaurant. Jane Goodfellow, 56, from Yeovil,…
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14 March
NAO seeks consultation on audit code of practice update
The National Audit Office (NAO) is consulting on the code of practice for auditors of local public bodies in England.…
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13 March
OPBAS criticises professional bodies money laundering prevention
The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has said professional bodies are not doing enough to stop the…
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11 March
Financial Reporting Council to be replaced with new regulator
The Business Secretary Greg Clark today (11 March) announced a “new enhanced” regulator to transform the audit and accounting sector…
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4 March
Auditors told to be stricter with going concern scrutiny
The Financial Reporting Council (FRC) has proposed to increase the work required of auditors when assessing whether a business is…
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Feb- 2019 -26 February
CIPFA to remain as Charities SORP secretariat
The Chartered Institute of Public Finance and Accountancy, CIPFA, will continue to provide secretariat support for the Charities Statement of…
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25 February
KPMG faces £4m fine over Co-op Bank audit
KPMG is set to face a £4m fine from the Financial Reporting Council (FRC) over its auditing of the Co-operative…
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