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Affinia expands Midlands presence with Towcester acquisition

Affinia expands Midlands presence with Towcester acquisition

The Uncommon Practice appoints director to lead regional growth

The Uncommon Practice appoints director to lead regional growth

Talent shortages force accountancy firms to turn away clients

Talent shortages force accountancy firms to turn away clients

Topic Hub

Enforcement

Our coverage on Enforcement examines regulatory actions and disciplinary proceedings affecting UK accountancy firms and professionals. Accountancy Today reports on enforcement activities by bodies such as the Financial Reporting Council (FRC) and HM Revenue & Customs (HMRC), highlighting cases involving audit failures, breaches of professional standards, and non-compliance with tax obligations. We provide insights into recent sanctions, including fines and bans imposed on firms and individuals, and analyze the implications of these actions for audit quality, corporate governance, and professional accountability. This coverage supports accountants, partners, and compliance officers in understanding the evolving enforcement landscape and its impact on the accountancy profession.

Enforcement

Our coverage on Enforcement examines regulatory actions and disciplinary proceedings affecting UK accountancy firms and professionals. Accountancy Today reports on enforcement activities by bodies such as the Financial Reporting Council (FRC) and HM Revenue & Customs (HMRC), highlighting cases involving audit failures, breaches of professional standards, and non-compliance with tax obligations. We provide insights into recent sanctions, including fines and bans imposed on firms and individuals, and analyze the implications of these actions for audit quality, corporate governance, and professional accountability. This coverage supports accountants, partners, and compliance officers in understanding the evolving enforcement landscape and its impact on the accountancy profession.

FRC reveals ‘substantial’ increases in fines to tackle poor quality audits

The Financial Reporting Council (FRC) has issued its first Annual Enforcement Review which…

FRC proposes ‘more stringent’ ethical rules for auditors

The Financial Reporting Council (FRC) has issued a consultation proposing “important”…

KPMG US fined $50m for altering audits

The Securities and Exchange Commission (SEC) has charged KPMG with altering past audit work…

FCA and PRA fine Raphaels Bank £1.89m

Retail bank Raphaels, has received separate fines of £775,100 from the Financial Conduct…

The FRC sets out its transition pathway

The Financial Reporting Council (FRC) has published its ‘Plan and Budget’ for the coming…

AML legislation loopholes ‘must be addressed’, says Joint Committee

Loopholes in the new draft legislation against money laundering through the UK property…

FRC fines MSR Partners over Laura Ashley audit

The Financial Reporting Council (FRC) has fined MSR Partners over its statutory audit of…

HMRC raises millions from tax-dodging puppy farmers

More than £5m has been raised by an HMRC taskforce tackling dishonest dog breeders who were…

Taking care of the essentials for financial services

If you work in the financial services sector, you’ll already be well aware of the Financial…

FCA opens probe into Grant Thornton’s Interserve accounts

The Financial Reporting Council (FRC) has commenced an investigation into the audit by Grant…
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