Greek flag, Athens, Greece

19 June, 2019

Greece tops list of most complex international jurisdictions

Greece tops the list of the most difficult countries in which to do business, according to new research into business complexity, with some of the world’s biggest economies—Brazil, Germany and Chi...
financial reporting, audit, accounts, accounting, stakeholder engagement

5 March, 2019

New guidance pulls non-execs into ‘going concern’ debate

At the current rate, financial reporting watchdogs modify the rules about the much-discussed “going concern” statement every five to seven years. This week the
KPMG, Big Four

25 June, 2018

Audit industry to face fresh “root and branch” review by UK government

The UK government is to undertake a review of the audit industry, asking whether the current model for audit is fit for purpose. However, The Times reports this morning that the government...
Samsonite

25 May, 2018

Activist attacks accounting and governance at Samsonite

Samsonite, the global luggage brand, faces stinging criticism from an activist investor that has accused the company of "questionable accounting" and "poor corporate governance". Blue Orca Capital ...

9 April, 2018

Big Four auditors could face £10m fines under new sanctions

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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...
Tesco

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