Regulators

FRC tells audit bosses to report private equity plans

FRC has asked audit bosses to tell the accounting regulator of any plans to sell stakes of their business to…

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FRC launches discussion paper on future of UK digital reporting

The Financial Reporting Council has announced the launch of a comprehensive discussion paper on the future of digital reporting in…

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FRC fines MHA £150k over MRG audit failures

The executive counsel of the Financial Reporting Council (FRC) has fined MacIntyre Hudson LLP (MHA) and a former partner and…

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FCA sets out business plan for the year ahead

In its business plan for 2024-25, the FCA has set out a programme of work for the final year of…

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FCA fines IFM £898k for ‘poor advice’ on DB pension schemes

The FCA has fined Inspirational Financial Management Ltd (IFM) £897,840 for poorly advising people to transfer out of defined benefit…

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FCA needs to ‘manage risk’ to meet commitments, NAO warns

The Financial Conduct Authority (FCA) is making significant changes in response to its new responsibilities and past regulatory failures, but…

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FRC announces areas of supervisory focus for 2024/25

The priority sectors are construction and materials, food producers, gas, water and multi-utilities, industrial metals and mining and retail. These…

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Value of fines issued by FRC up 29% in the past year

The value of fines issued by the FRC against auditors has risen by 29% in the past year, from £21m…

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UK and NZ audit bodies agree mutual recognition of audit qualifications

The UK and New Zealand have signed a first of its kind agreement to recognise audit qualifications in both the…

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UK insolvency firms to face formal regulation

Insolvency firms face being formally regulated for the first time as ministers seek to establish a new watchdog within the…

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