FRC publishes corporate reporting recommendations
The Financial Reporting (FRC) has published a paper discussing proposals for the future of corporate reporting. The proposals include: embracing...
Friday, November 27, 2020
Practice Regulation
Deloitte fined £1m over handling of Comet administration
‘Big Four’ accountancy firm Deloitte has been fined £925,000 for its handling of electrical goods retailer Comet’s administration in 2012. ...
Auditors ‘complicit’ in company failures, Thomas Cook inquiry says
The ‘Big Four’accountancy firms have been “complicit” in a number of high-profile business failures such as that of Thomas Cook,...
NECC leads push to identify money laundering activity
Some 42 businesses have been identified as having potential compliance failings in customer checks, record keeping and identifying risk, as...
CMA may exclude major firms from joint audit rule
The Competitions and Markets Authority (CMA) may exclude the sector’s biggest firms from a new rule which could require businesses...
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...
