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.
Auditors will be required to warn investors about risks of “material misstatements” in clients’ financial accounts under proposals made by the Financial Reporting
Subprime lender Cattles has launched a multimillion-pound High Court claim for damages against PwC alleging failings in the way the Big Four firm audited its accou
FTSE 100 asset management company Schroders has ditched PwC as its auditor in favour of KPMG, ending a half-century relationship with the firm.
Just before Christmas the FRC issued its proposals to address poor quality audit work identified in audit quality reviews. Steve Collings offers an initial overview.