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...
audit, audit ethics

16 July, 2019

Financial watchdog moves to strengthen audit ethics

Given the frequency of trouble facing auditors in recent years, there was bound to be a reaction. While the government continues to wrestle with reforming the audit market and audit regulation, the cu...
Big Four, Deloitte, KPMG, EY, PwC

18 April, 2019

Audit committees face public reprimand as part of market reforms

Audit committees should face public reprimand by regulators if they fail to provide adequate scrutiny of their auditors, according to recommendations from the UK’s competition authority. The prop...

19 September, 2018

Audit woes and reform wrangles

In July 2002 Lord Sharman, a former chairman of KPMG International, conceded in the pages of Accountancy Age, a trade publication for bean counters, that having a public sector body audit lis...
blockchain, digital technology, cryptocurrency

28 August, 2018

Blockchain projects in wide-scale development

Four out of five executives report that their companies are actively developing blockchain initiatives, according to a survey. The research reveals that in addition to the development projects, 15%...
PwC

15 August, 2018

PwC heavily criticised for ‘failed’ audit of BHS

PwC's audit of collapsed high-street department store BHS included failings in ethical standards, according to a stinging report from regulators. The report also revealed that Steven Denison, the e...
European flag

10 July, 2018

Big Four accountants accused of EU tax policy ‘conflict’

A lobby group has called for the Big Four accountancy firms to be "kicked out" of the policy-forming process in Europe. Corporate Europe Observatory (CEO), a Brussels-based group whose aim is to ...
Big Four, Deloitte, KPMG, EY, PwC

9 July, 2018

Competition regulator asks Big Four to look for ways to change audit market

Reports suggest this morning that the Big Four audit firms have been asked to investigate ways of increasing the choice of auditors for companies listed in the UK. There has been pressure on the UK...
PwC, pricewaterhousecoopers

3 July, 2018

PwC to pay $625.3m damages over collapsed US bank

PwC has been ordered by a US court to pay damages of $625.3m (£474.6m) over the audit of a collapsed bank. According to the
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