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...
Mitie

21 November, 2017

Mitie’s financial reporting falls under further scrutiny

Financial statements issued by Mitie, the outsourcing giant, are to face further investigation, following an announcement by watchdogs. The Financial Reporting Council (FRC), the accounting regulat...
Brexit, EU, Union Jack, flags

17 November, 2017

Watchdog to review reporting of Brexit risks

The UK's corporate reporting watchdog will be reviewing how Brexit affects the disclosure of "principal risks and uncertainties" in its next thematic reviews. The Financial Reporting Council (FRC) ...
Audit stamp, audit quality, auditor reporting

3 November, 2017

SEC approves enhanced auditor reporting and communication

The US markets regulator has approved new audit rules that will increase the level of information provided by auditors about the work they’ve undertaken. Communication of "critical audit matters"...
M&A, NEDs

31 October, 2017

M&A post-crisis: the changing role of the NED

After the financial crisis of 2007–2008, mergers and acquisitions dried up. However, recent figures show that deals are back, causing a frisson in the markets. But w...
China, Chinese business

27 October, 2017

Overcoming difference as Chinese investment in Europe grows

Five years ago if European companies—irrespective of the industry sector—were seeking new investors, they could count on direct foreign investment from China. Indeed...
Stephen Haddrill, FRC

27 October, 2017

Regulator seeks to hold international audit networks to account

The leadership of global audit networks should be held to account, and work is underway to see how it can be achieved, according to the chief executive of the UK's audit regulator. Currently audit ...
intangible assets, hidden value

25 October, 2017

Uncovering and understanding the hidden value of intangible assets

The year 2017 marked a milestone for Alphabet, the parent company of Google, when its market valuation passed $600bn for the first time.
corporate reporting

23 October, 2017

Improve detail in corporate reporting, says watchdog

UK companies could improve the quality of detailed explanations in their corporate reporting, according to an annual inspection from the reporting regulator. The Financial Reporting Council (FRC) h...
RBS

17 October, 2017

MPs slam RBS chief for ‘extraordinary outburst’ against business owners

Ministers have slammed RBS chief executive Ross McEwan for what they describe as an “extraordinary outburst” against business owners, in light of pressure for details of the bank’s former distre...