High street retail giant BHS has today called in the administrators after failing to find further funding or a potential buyer for the business, putting around 11,000 jobs at risk.
The Financial Reporting Council (FRC) has announced that it will consider a formal complaint against Deloitte and Deloitte partner John Clennett at a disciplinary tribunal next month.
Small businesses are putting their reputation on the line by underestimating the impact of a cyber attack, according to KPMG.
The Financial Reporting Council (FRC) has announced that it will undertake a preliminary investigation into KPMG’s auditing of banking giant HBOS before its collapse in 2008.
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KPMG profits hit by investments
MPs have renewed calls for the Financial Reporting Council to investigate the role of KPMG in the collapse of HBOS.
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Senior MP calls for investigation of KPMG
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KPMG has been cleared over its role as auditor of HBOS in the years before the bank collapsed, but MPs have called for a new investigation into the Big Four firm’s role.