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Financial Reporting Council

PwC cleared in Intu Properties audit probe

Shopping centre-owner Intu collapsed in 2020, putting auditors in the spotlight

Regulator drops investigation into PwC’s audits of property firm Intu

1 min read

Audit watchdog must help UK economy grow, government says

By James Booth

2023-11-22T14:32:26Z

2 min read

AccountancyFinancial Reporting CouncilPoliticsRegulation
'Proportionality of any new requirements is essential' says business secretary Badenoch

Audit regulator unfairly dismissed ‘exhausted and stressed’ employee, tribunal finds

By James Booth

2022-11-28T13:34:32Z

3 min read

AccountancyFinancial Reporting CouncilauditFRC
The FRC should have offered a burnt-out staffer an alternative position, according to a judge
Twenty Most Influential in Wealth Management 2024

New

Twenty Most Influential in Wealth Management 2024

David Wighton

David Wighton

Should pension funds invest more in private assets? Not according to government’s own gloomy report

Why Trump might let down his bitcoin fans

Wall Street fears Trump, but he could be good for business

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An Audience With

Check out FN's latest profiles

KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe

By James Booth

2022-05-12T10:57:14Z

3 min read

AccountancyCarillionFinancial Reporting CouncilFRCKPMG
Carillion went bust in 2018, despite having received a clean bill of health from KPMG, the firm's auditor
Grant Thornton chief executive David Dunckley was blasted by MPs in 2019 after he told a parliamentary committee it was not an auditor's job to look for fraud following the discovery of a black hole in the accounts of cake shop Patisserie Valerie, which his firm audited

Tougher audit standards fall short on fraud, shareholder group says

Pirc criticised the 'defeatist' text for giving excuses to auditors who miss fraud

Deloitte and former partners Richard Knights and Nigel Mercer were culpable of serious and serial failures in their audit of Autonomy, the 6 January report from the audit watchdog said

Here’s why the audit watchdog hit Deloitte with a record £21m fine for Autonomy audit

'If Deloitte had required Autonomy to present the truth surrounding its pure hardware sales to the market, there would have been a significant effect on the market'

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