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...
KPMG, audit, Big Four

20 September, 2017

Audit firm KPMG cleared over HBOS audit after 2007 financial crisis

A regulatory investigation has cleared KPMG over its audit of HBOS bank in 2007 as the financial crisis struck City institutions. The Financial Reporting Council (FRC) announced yesterday that its ...
Halfords

17 July, 2017

Halfords faces opposition to reappointment of auditor

Halfords, the car carts and bicycle retailer, faces opposition to the reappointment of Big Four firm KPMG as auditor over concerns about independence.
Rolls-Royce

4 May, 2017

Regulator to investigate KPMG’s audit of Rolls-Royce

The Financial Reporting Council (FRC) has said it will investigate Big Four accounting firm KPMG over its audit of Rolls-Royce. The inquiry follows
risk management

22 March, 2017

Why audit committees worry about risk management systems

A considerable number of audit committee members believe their organisation’s risk management system requires “substantial work”. This sobering conclusion comes from KPMG’s Audit Committee ...
green, growth, sustainability

20 February, 2017

Audit committees and the environment

Discussion has focused on corporate governance mechanisms to address the issues of financial reporting quality following scandals in the USA and Europe. As a post-Enron development, audit committee...
boardroom executives, boardroom conflict, board members

10 January, 2017

Survey finds ‘substantial work’ needed on risk management

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cybercrime, cybersecurity, data security

9 January, 2017

Boards face ‘industrialisation’ of cyber-threat

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