auditor

31 July, 2019

Fines almost triple as regulators get tough with auditors

Auditors are facing a much tougher environment when their work goes wrong. Figures released by the Financial Reporting Counc...
UK parliament, governance reform

25 April, 2019

Audit committees: increased scrutiny is the only certainty

There is a very good chance that life is about to get much tougher for audit committee members. While in the past those serving on the board committees that supervise auditors may have undertaken thei...
FRC, audit

17 April, 2018

‘Root and branch’ review of FRC launched by government

A “root and branch review” of the UK’s accounting and finance regulator is to be led by former Treasury head Sir John Kingman. The Financial Reporting Council (FRC) will have its governance, ...
Far East, Hong Kong, Asia

24 January, 2018

Hong Kong set to create independent audit regulators

Hong Kong is moving to reform audit regulation making the current watchdog, the Financial Reporting Council, becoming independent from auditors and acquiring new powers to investigate audit firms. ...