Ashurst, M&A, corporate venture capital

18 May, 2018

Preparation key for growing trend of corporate venture capital deals

When the business pages write about venture capital they usually fail to make an important distinction. Though VC deals make for attention-grabbing headlines, it is corporate venture capital investmen...
Big Four, PwC, Deloitte, EY, KPMG

17 May, 2018

Big Four auditors ‘prepared’ if regulators push for split

The UK’s largest accounting firms are preparing themselves for a potential breakup of their offerings. After two influential committees of MPs

1 May, 2018

Aviva offers ‘goodwill payment’ to investors over preference shares

Aviva, the insurance company, has announced plans for a goodwill payment for shareholders totalling up to £14m following its controversial announcement to cancel preference shares. The payment wil...
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, ...
FRC new website

22 March, 2018

Financial Reporting Council to face ‘competency inquiry’ by government

Accounting’s regulator faces the prospect of an inquiry into its competency by the government. Business secretary Greg Clark MP told a parliamentary committee investigating the collapse of Carill...
Carillion, FRC

20 March, 2018

Former FDs at Carillion face probe over financial statements

Two finance directors are to be investigated for their conduct in preparation of financial statements at the collapsed construction giant Carillion. Zafar Khan and Richard Adams, both former group ...

12 March, 2018

Certainty on Brexit transition preferred over ambitious deal, say businesses

Legal certainty on a rapidly agreed transition is more valuable to businesses in the UK than a more elaborate final Brexit deal agreed later, a recent survey of CFOs and CEOs reveals. Of the 280 CE...
Carillion

29 January, 2018

Watchdog to probe KPMG over its audit of Carillion

The UK's audit watchdog is to investigate Big Four audit firm KPMG for its work on the collapsed services and construction giant Carillion. The Financial Reporting Council (FRC) announced this morn...
Carillion

26 January, 2018

MPs to investigate Carillion auditors and board over ‘disaster in the making’

MPs investigating Carillion's liquidation have asked the big four audit firms to reveal their working links with the collapsed services giant Carillion. According to Sky News, audit firms PwC, KPMG...
Stephen Haddrill, FRC

30 November, 2017

FRC: We should have moved more quickly on KPMG/HBOS audit inquiry

Accountancy’s watchdog has admitted that it should have taken a more “proactive approach” in delving into KPMG’s work as auditor of failed bank HBOS. A Financial Reporting Council (FRC) rep...