Regulators
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Jul- 2019 -11 July
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…
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Jun- 2019 -28 June
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…
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17 June
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…
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May- 2019 -30 May
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…
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24 May
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…
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3 May
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…
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Apr- 2019 -30 April
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…
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18 April
CMA recommends ‘shake-up’ of UK audit market
The Competition and Markets Authority (CMA) has published its final report with recommendations to address “serious competition problems” in the…
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15 April
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…
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8 April
BDO considers practice break-up
The UK’s fifth biggest advisory firm is considering splitting its audit business from the rest of its services following an…
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