FRC considers investigation into Thomas Cook collapse
The Financial Reporting Council (FRC) has revealed it is weighing up an investigation into the Thomas Cook collapse. An FRC...
Regulators
Charity SORP sets out plans for accounting framework
The Charities SORP-making body has set out plans for changes to the charity accounting framework. The Statement of Recommended Practice...
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 the...
Former GSK CFO named preferred chair of FRC
Following an open competition, Simon Dingemansm - former CFO of GlaxoSmithKline (GSK) has been named as the government’s preferred candidate...
Mark Armour retires from board of FRC
On reaching the conclusion of his term of office this month, Mark Armour will step down from the board of...
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...
FCA and PRA fine Raphaels Bank £1.89m
Retail bank Raphaels, has received separate fines of £775,100 from the Financial Conduct Authority and £1,112,152 from Prudential Regulation Authority...
The FRC sets out its transition pathway
The Financial Reporting Council (FRC) has published its ‘Plan and Budget’ for the coming year, with a commitment to push...
Grant Thornton under scrutiny for Sports Direct audit
Grant Thornton is facing scrutiny from the Financial Reporting Council (FRC) its Sports Direct accounts. According to The Times, the...
KPMG ‘severely reprimanded’ for audit
KPMG has been “severely reprimanded” by the Financial Reporting Council (FRC), resulting in a £6m fine. The accountancy firm has...
LATEST HEADLINES
Grant Thornton reduces UK partner numbers
Mid-tier accountancy firm Grant Thornton has confirmed it has parted ways with a “small number” of partners as part...
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