Tag: audit
FRC publishes PIE auditor registration regulations
The FRC has a new registration regime for statutory auditors—firms or individuals—of public interest entities (PIEs).
FRC publishes its annual enforcement review
The watchdog issued £46.5m in financial sanctions, with a recurring theme in investigations being a ‘lack of scepticism’ from auditors.
Regulator fines KPMG £14.4m
The Financial Reporting Council’s investigation into the Big Four firm’s auditing of Carillion and Regenersis revealed serious misconduct.
News round-up: this week in governance
Tory leadership contest; Grant Thornton fined; Norwegian insider dealing; virtual AGMs; US environmental disclosures; diversity at Amazon.
FRC launches probe into professional exams
Cheating overseas sparks investigation by the Financial Reporting Council into conduct of UK accountancy and audit exams.
News round-up: this week in governance
Dutch stakeholder committees; Elon Musk’s next move on Twitter; C-suite partisanship in the US; ESG ‘no distraction’ from climate change.
Governance code reforms will ramp up internal controls
Watchdog ‘lays groundwork for the creation of ARGA’ with planned consultation on audit committee ‘minimum standards’.
Katie Murray to become chair of Phoenix board audit committee
The pensions savings and life insurance group appointed Murray, who had been serving as a NED, to assume the role in September.
News round-up: this week in governance
US investors vote against pay deals; sexism and the City—NZ edition; PwC fined over Kier audit; LGBT-led firms ‘outperform the market’.
Government publishes response to audit reform proposals
While directors will face sanctions for inadequate company reporting and audit committee duties, other key reforms have been watered down.