Mainstream software house IRIS has launched the first ever cloud-based audit solution for UK accountants.
Audit
The ICAEW has handed down fines of £12,300 and a severe reprimand to a
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ICAS president Sir David Tweedie warned the audit profession it had reached a “tipping point” during an online Q&A
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The Financial Reporting Council (FRC) is considering whether to investigate how KPMG audited HBOS, which is now part of Lloyds Banking Group, in the run up to the
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KPMG has resigned the audits of two major US companies due to a senior (ex-)employee sharing client information with a third party in exchange for money.
The in-house auditing of selling practices at energy supplier SSE, formerly known as Scottish and Southern Energy, was found to be “inadequate” according to
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The Public Company Accounting Oversight Board (PCAOB) has published two critical reports on PwC saying the firm failed to address quality control criticisms.
The National Audit Office qualified the Department of Culture, Media and Sport’s accounts due to discrepancies arising from the BBC’s valuations of non-current assets such as land and buildings.
Update: The Competition Commission concluded that the domination of Big Four accountancy firms has an adverse effect on competition in the market for listed company audits.
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