FCA sets out business priorities for 2020/21
The Financial Conduct Authority (FCA) has set out its business priorities for the year ahead, with specific focus on the...
Thursday, April 9, 2020
Regulators
KPMG hit with £700k fine from UK accounting watchdog
The Financial Reporting Council (FRC) has fined ‘Big Four’ auditor KPMG £700,000 for failing to apply “sufficient professional scepticism ”in...
FRC publishes 2020/21 ‘strategy for reform’
The Financial Reporting Council (FRC) has published its strategy for 2020/21, following positive responses to its consultation. The FRC said...
Five arrested on suspicion of loan charge fraud
Four men and one woman have been arrested on suspicion of fraud in connection with promoting arrangements designed to get...
Insolvency Service bans London restaurateur over tax-avoidance
The boss of a restaurant in Burnt Oak, North West London, has been disqualified for seven years after “deliberately suppressing”...
FCA reveals data breach blunder
The Financial Conduct Authority (FCA) has revealed it published “confidential information" to its website in November last year. The regulator...
FRC assesses company and auditor responses to climate change
The Financial Reporting Council (FRC) has announced a “major” review of how companies and auditors assess and report on the...
FRC warns of impact of coronavirus on audits
The Financial Reporting Council (FRC) has reportedly warned of the potential impact the coronavirus will have on company audits. According...
FRC announces ‘major shakeup’ to oversight and supervisory functions
The Financial Reporting Council (FRC) has announced a “major shakeup” of its oversight and supervisory functions to “speed up the...
Sports Direct battles order to hand ‘private’ documents to FRC
Sportswear retailer Sports Direct is fighting an order to hand over “private” documents to the UK’s accounting watchdog. According to...
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