I have been approached by a new client through recommendation. It is a small family run business who are exempt from audit but their bankers require them to do so.
Listed companies will have to re-tender the contract for their auditors every 10 years after politicians in the European Parliament voted to reform European audit rules.
The Financial Reporting Council (FRC) is extending its investigation into the discredited Cup Trust tax avoidance scheme to include the charity’s auditor, Hillie
Ernst & Young turned a blind eye when Dubai's biggest gold refiner broke rules designed to stop gold mined in conflict zones from entering the global supply chain, a whistleblower at the ac
One of the side effects of doing an AP audit is discovering fraud within an organization.
Chinese affiliates of the Big Four accounting firms have appealed a US judge ruling suspending them from auditing US-traded clients for six months.
Professional bodies and large firms have begun a counter-offensive emphasising the value of audit ahead of market reforms expected from Europe. Nick Huber reports.
KPMG has resigned as auditor of Poundworld, claiming that the single-price retailer provided it with "misleading information".
Big Four accountancy firm willhave to pay $8.2m to settle c
As audit firms get into gear to plan their December 2013 year-end audits, Steve Collings takes a look at 10 of the most common pitfalls flagged up by file reviewer