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


The Financial Reporting Council (FRC) has opened an investigation into the “preparation, approval and audit” of the Co-operative Bank’s financial statements up to and including the year ended 31 De

The Financial Reporting Council (FRC) has


KPMG partner Andrew Walker told MPs last week how he had advised Co-op Bank during its disastrous takeover of Britannia Building Society.


As part of the changes to the EU’s accounting directives, the level at which an organisation is exempt from audit has been raised.


As the Co-operative Bank prepares to cut hundreds of jobs as part of a rescue plan, questions have been asked about the thoroughness of it's auditor, KPMG. 


The Competition Commission (CC) has backtracked on its requirement for companies to tender for a new auditor every five years and instead is calling for FTSE 350 c