Regulators
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Apr- 2019 -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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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…
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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…
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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…
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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…
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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,…
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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.…
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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…
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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…
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