Big Four, Deloitte, KPMG, EY, PwC

22 November, 2017

Big Four accounting firms face £10m in fines for faulty audits

Big Four accounting firms could face fines of up to £10m or more for faulty audits, a report proposes for UK regulators. The report, compiled for the Financial Reporting Council (FRC), concludes t...
Audit tendering

11 October, 2017

Corporates must get to grips with new accounting standards, says FRC

The implementation of critical and heavy-impact accounting standards by corporates will be a focus of attention for the financial watchdog in the coming year, alongside a need for better linking of st...
financial reporting, audit, accounts, accounting, stakeholder engagement

14 September, 2017

Ethics must be ‘front and centre’ as non-executives check financial reports

Non-executive directors must place ethics "front and centre" of their efforts to make sure financial reports present a true and fair view of a business, according to one of the UK’s most senior gove...
Tesco, Tesco directors

4 September, 2017

Former Tesco directors to stand trial for fraud and false accounting

Three former Tesco directors are set to appear in court over fraud charges relating to the grocer’s accounting black hole. Carl Rogberg, Christopher Bush and John Scouler, formerly Tesco’s UK f...

28 March, 2017

Tesco agrees £129m penalty over accounting scandal

Tesco is to pay a penalty of £129m after reaching a deferred prosecution agreement with the UK's Serious Fraud Office. The

2 September, 2015

Bank accounting attacked

The Local Authority Pension Fund Forum (LAPFF) said this week that IFRS9, an accounting standard for banks' treatment of financial instruments written by the International Accounting Standards Board, ...

5 August, 2015

Quindell restates 2013 accounts

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