Inquiry

Today’s news in brief – 16/4/2025

The Financial Reporting Council (FRC) has launched an investigation into EY’s audits of Post Office Limited for the years 2015 to 2018. The decision was made in March 2025 following the conclusion of the Post Office Horizon IT Inquiry public hearings. Although the Horizon scandal itself is not the subject…

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FRC to investigate EY’s Post Office audits from 2015 to 2018

The FRC has announced the opening of an investigation into the EY statutory audits of Post Office Limited for the financial years 2015, 2016, 2017 and 2018.  The investigation will be focused specifically on the role of statutory auditors in meeting the auditing standards that pertained at the time, and…

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Today’s news in brief – 8/4/2025

Xeinadin has expanded its southern UK presence by acquiring JCS Accountants in Surrey and Mudd Partners LLP in Essex. The move enables deeper collaboration across offices, especially in audit and digital services. JCS, founded in 1927, brings nearly 100 years of experience serving charities and family businesses. Mudd has rebranded…

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Today’s news in brief – 18/3/2025

Xeinadin has acquired Raffingers, a top 100 London-based accountancy firm, in its largest acquisition to date. This move adds 70 team members and follows recent acquisitions of Landmark Accountants and CB Reid. Raffingers specializes in recruitment, charity, property, and construction sectors, offering services like COP8 and COP9 HMRC enquiries, corporate…

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FRC launches investigation into ISG Limited audit by MacIntyre Hudson

The Financial Reporting Council (FRC) has opened an investigation into the audit of ISG Limited’s consolidated financial statements for the year ending 31 December 2022, conducted by MacIntyre Hudson LLP.   The decision to initiate the investigation was made by the FRC’s Conduct Committee during a meeting on 21 January 2025. …

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FRC opens investigation into unnamed audits conducted by EY

The Financial Reporting Council (FRC) has opened an investigation into EY’s audits of the consolidated financial statements of a public interest entity (PIE) and a related non-PIE entity for the year ended 31 December 2021 and 2022.  News of the investigation follows a decision made by the FRC’s conduct committee…

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Financial leaders AI plans ‘mismatched’, Forvis Mazars says

Confidence among UK financial services business leaders’ readiness for Artificial Intelligence (AI) and their actual plans for effective implementation is mismatched, according to a new report by Forvis Mazars.  Forvis Mazars’ survey of over 50 UK financial services C-suite executives from businesses with a turnover of at least £500m found…

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PKF Littlejohn named liquidator of Big Help Project Limited

PKF Littlejohn Advisory has been appointed as the liquidator of Liverpool-based Big Help Project Limited, an entity associated with the Big Help Project charity.  Owned by one of the charity trustees, a former Labour councillor, the charity is currently being investigated as to whether potential misconduct or mismanagement was to…

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Evelyn Partners appoints new partner to R&D tax team

Evelyn Partners has announced the appointment of Jennifer Tragner as a partner in its R&D (research and development) tax team in the Bristol office.  Tragner has almost 20 years of experience advising clients in R&D tax incentives and joins Evelyn Partners from ForrestBrown where she was a director and head…

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HMRC customer service falls to ‘all-time low’, gov report finds

Customer service levels at HMRC have fallen to an all-time low, a report by the Public Accounts Committee (PAC) has found.  The report, published today (28 February), “expressed its disappointment” as service levels at the tax authority continued a five-year decline, with written evidence to the PAC’s inquiry about HMRC’s…

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