17 July, 2017

Halfords faces opposition to reappointment of auditor

Halfords, the car carts and bicycle retailer, faces opposition to the reappointment of Big Four firm KPMG as auditor over concerns about independence.
Audit stamp, audit quality

15 June, 2017

Audit quality improves among FTSE350, says watchdog

The quality of audits of FTSE350 companies in the UK is improving, according to the latest reviews undertaken by audit watchdog the Financial Reporting Council (FRC). An examination of audits under...

25 April, 2017

Grant Thornton fined £2.3m over audit of firefighting company

Audit firm Grant Thornton has been fined £2.3m over the audit of AIM-listed firefighting company AssetCo. Robert Napper, the Grant Thornton (GT) partner in charge of the audit and now retired, wa...

15 February, 2017

Watchdog to review audit firm governance and culture

Not all auditors are "demonstrably" serving investors' "best interests", according to a new report from the UK governance watchdog. The Financial Reporting Council (FRC), which also oversees audit,...
Audit tendering

8 February, 2017

Investors reveal concern over audit tender exclusions

Auditors should not be excluded from tendering for an audit if they already provide other professional services. The view comes in a new report from the Financial Reporting Council (FRC), which ha...

30 January, 2017

Audit committee chairs remain concerned by lack of audit choice

Audit committee chairs see a lack of choice among audit firms as a "major" issue still be addressed, according to research for

31 December, 2016

2016: the governance year in review

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1 September, 2016

PwC pays £2.3m fine over Cattles audit

Big Four audit firm PwC has been fined £3.5m, reduced to £2.3m after mitigation, for its audit in 2007 of subprime lender Cattles and its subsidiary Welcome Finance. Simon Bradburn, the PwC partn...