We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Your guide to a disrupted world
Add this topic to your myFT Digest for news straight to your inbox
Regulator says accounting checks lacked ‘professional scepticism’
Comments by FRC’s Sir Jon Thompson come after complaints that clampdown by watchdog was putting off new recruits
Fines across the industry rose to £46.5mn last year, according to watchdog
Quality of assessments by mid-tier firms lags Big Four, Financial Reporting Council finds
Auditor and former partner receive severe reprimands over their handling of financial inspections
UK watchdog’s intervention follows fines for Big Four firms in US, Australia and Canada
UHY Hacker Young agrees not to carry out new audits of public companies for at least two years
FRC lays out plans to make boards more accountable for fraud and company finances
The UK government should stop half measures and recreate an Audit Commission that can deliver reliable data on local authorities
Sir Jan du Plessis says government ‘missed opportunity’ by dropping proposed oversight rules
UK regulator hands out penalties for failings on accounts of Kier and Galliford Try
Decision to omit Sarbanes-Oxley type rules draws criticism from head of audit regulator
Industry bodies which have received £50mn in recent penalties say they are open to reform
Lawyer argues penalties sought by FRC over Carillion audit are designed to ‘destroy’ accountant’s life
Tribunal finds five defendants guilty of misconduct after hearing auditors created ‘false documents’
FRC investigates four audits by little-known firm used by metals magnate
Sir Jon Thompson’s departure would create fresh upheaval at audit watchdog say executives
Government criticised after fresh delay to long-promised reform of accounting and corporate governance
Government must fix the basics of how the market is overseen even if it fails to institute radical change
UK accounting regulator says Big Four firm failed in its audit of outsourcing group Mitie
Four years after Carillion’s collapse, many rivals have attracted attention of accounting regulator
Transport group’s shares were temporarily suspended in January after it missed deadline for filing results
Move aimed to bolster FRC’s control over auditors after sector criticised over failure to uphold standards
Penalty and reprimand from regulator over work at Revolution Bars, the latest in series of failings by the Big Four firm
Head of accounting regulator says ‘right tone from the top’ can help avoid Carillion-style failures
UK Edition
