Regulators
-
Mar- 2019 -28 March
Cost of FRC set to increase
The Financial Reporting Council (FRC) has announced it may increase its budget by 11% to £38.1m, compared to its expected…
Read More » -
20 March
FCA fines UBS £27.6m for transaction reporting failure
Investment banking company UBS has been fined by the Financial Conduct Authority (FCA) for not providing complete and accurate information…
Read More » -
19 March
FRC audit chief resigns
Mike Suffield, the acting executive director of the Financial Reporting Council (FRC), will step down from his role to join…
Read More » -
18 March
Grant Thornton facing legal claim over Patisserie Valerie accounts
Accounting firm Grant Thornton may face a legal claim after KPMG discovered the consolidated accounts of embattled bakery chain Patisserie…
Read More » -
15 March
Disqualified restaurant operator gets second ban
A previously disqualified restaurant director has received a second ban for illegally running a restaurant. Jane Goodfellow, 56, from Yeovil,…
Read More » -
14 March
NAO seeks consultation on audit code of practice update
The National Audit Office (NAO) is consulting on the code of practice for auditors of local public bodies in England.…
Read More » -
13 March
OPBAS criticises professional bodies money laundering prevention
The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has said professional bodies are not doing enough to stop the…
Read More » -
11 March
Financial Reporting Council to be replaced with new regulator
The Business Secretary Greg Clark today (11 March) announced a “new enhanced” regulator to transform the audit and accounting sector…
Read More » -
4 March
Auditors told to be stricter with going concern scrutiny
The Financial Reporting Council (FRC) has proposed to increase the work required of auditors when assessing whether a business is…
Read More »