Regulators
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Aug- 2022 -3 August
New funding for UK regulators to further access abroad
New funding for regulators and accountancy professional bodies is set to benefit UK professionals who are looking to work abroad…
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Jul- 2022 -28 July
FRC reports record financial sanctions of £46.5m in past year
The Financial Reporting Council (FRC) has announced its annual enforcement review which revealed it resolved a record number of cases…
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18 July
FRC urges audit firms to address exams cheating
The Financial Reporting Council (FRC) has sought assurances from both audit firms and professional bodies in the accounting industry regarding…
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May- 2022 -24 May
FRC confirms £3.3m fine for KPMG over Rolls-Royce audit
The Executive Counsel of the Financial Reporting Council (FRC) has issued a £3.3m fine to KPMG Audit plc (KPMG) and…
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Apr- 2022 -21 April
FRC fines Deloitte £2m over Mitie Group audit breach
The Financial Reporting Council (FRC) has issued a financial sanction of £2m against Deloitte LLP and its audit engagement partner,…
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7 April
FRC publishes three-year plan towards ARGA
The Financial Reporting Council (FRC) has published its three-year plan which sets out the FRC’s progress towards establishing the new…
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Feb- 2022 -9 February
FRC appoints four new non-executive directors to its board
The Financial Reporting Council (FRC) has announced it has appointed four new non-executive directors to its board. Angela Cha, Sir…
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Jan- 2022 -20 January
ICAEW regulatory board appoints new chair
The ICAEW Regulatory Board (IRB) has announced the appointment of Philip Nicol-Gent as its new chair. He will begin his…
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17 January
FRC to investigate PwC’s Babcock audits
The Financial Reporting Council (FRC) has commenced an investigation into the statutory audits by PricewaterhouseCoopers LLP (PwC) of Babcock International…
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7 January
FRC to investigate MacIntyre Hudson audits of MRG Finance
The Financial Reporting Council has commenced an investigation into MacIntyre Hudson’s audits of MRG Finance UK. The audits in question were…
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