Misconduct

FCA to tighten rules on bullying and harassment for finance firms

The Financial Conduct Authority (FCA) has confirmed that serious bullying, harassment and violence in financial firms will qualify as misconduct under its rules, as part of measures to strengthen trust in the sector. The regulator said the rules, which currently apply mainly to banks, would be extended on 1 September…

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Today’s news in brief – 28/2/2025

Global accounting network Crowe Global reported $5.8bn in revenues for 2024, a 10% increase from the previous year. Growth was particularly strong in Asia Pacific (16%), the Middle East (23%), and Europe (13%). The firm expanded into China, Indonesia, Martinique, and Kosovo while strengthening its core services through acquisitions. CEO…

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PCAOB imposes $2.75m fine on PwC Israel for exam misconduct

The Public Company Accounting Oversight Board (PCAOB) has imposed a $2.75m (£2.18m) fine on PwC Israel for violating its quality control standards, having engaged in training exam misconduct.  According to the US industry watchdog, the firm failed to detect or prevent improper answer sharing on tests for mandatory internal training…

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The Centre for Public Interest Audit appoints new director

The Centre for Public Interest Audit (CPIA), a new research and policy institute that aims to shape the future of public interest entity (PIE) audit in the UK, has announced the appointment of Dean Beale as its new executive director from 13 May 2025. Beale, who joins after a “distinguished”…

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Authorised Corporate Service Providers:  How the Accountancy Sector can support the fight against economic crime 

Following the introduction of the Economic Crime and Corporate Transparency Act to UK law, we at Companies House have been afforded enhanced powers to combat financial crime. Our priority is to increase corporate transparency and accountability, and accordingly, businesses will have to adapt to ensure they are compliant with this…

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RSM Ireland appoints six partners and directors

RSM Ireland has announced the appointment of three partners and three directors, further strengthening its audit, tax and consulting teams. Ronan Gilmartin has joined as an audit partner and will play a lead role in developing the firm’s services to its technology and media clients. Prior to joining RSM, Gilmartin…

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Pierce appoints Emma Wallace as forensic director

Pierce Business Advisory and Accountancy Group has announced the appointment of Emma Wallace as its new forensic director. Wallace’s addition enhances the team’s expertise, bringing her extensive experience in managing “complex” commercial disputes, regulatory matters, matrimonial disputes, both contentious and non-contentious business valuations, fraud and misconduct investigations, and business interruption…

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Today’s news in brief – 15/11/2024

Amanda Nightingale, a former BDO auditor, has been banned from accountancy for 20 years by the Financial Reporting Council (FRC) for severe misconduct. Between 2015 and 2019, she falsified signatures, created fake documents, and issued unauthorised audit reports. The FRC labelled her actions as “sustained dishonesty” that undermined trust in…

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Former BDO auditor banned for 20 years for faking documents

Amanda Nightingale, a former BDO auditor, has been given a 20-year ban by the Financial Reporting Council (FRC) in respect of her conduct in her role as the senior manager on a number of audits undertaken by BDO LLP between 2015 and 2019. As set out by the FRC in…

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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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