FRC urges government to implement audit reform

Audit FRC urges government to implement audit reform

2y Tom Lemmon

FRC urges government to implement audit reform

Principles for operational separation of audit were released yesterday by the FRC, but new legislation is needed for next steps Read More...

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Audit shake-up a good 'first step'

Audit Audit shake-up a good 'first step'

2y Tom Lemmon

Audit shake-up a good 'first step'

FRC has announced plans for the ‘operational separation’ of audit practices Read More...

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Audit Q&A: You cannot serve two masters

Accounting Standards Audit Q&A: You cannot serve two masters

2y Shannon Moyer

Audit Q&A: You cannot serve two masters

We sat down with Remko Renes, an assistant professor of corporate governance at Nyenrode Business University, to discuss the future of audit in the UK...

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How accountants can help SMEs on the road to financial recovery

Practice How accountants can help SMEs on the road to financial recovery

2y Sponsored | Modulr

How accountants can help SMEs on the road to finan...

By Tom Kelly, account director and strategic lead for accountancy, Modulr Read More...

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BDO sued for £250m: Partner admits to ‘serious dereliction of duty’

Accounting Firms BDO sued for £250m: Partner admits to ‘serious dereliction of duty’

2y Tom Lemmon

BDO sued for £250m: Partner admits to ‘serious der...

BDO partner mistakenly described the administration of One Blackfriars Limited as objective two, not objective three Read More...

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EY’s Wirecard audit exposes potential fraud

Audit EY’s Wirecard audit exposes potential fraud

2y Shannon Moyer

EY’s Wirecard audit exposes potential fraud

After a series of audits by EY and a special audit by KPMG, nearly €1.9bn remains unaccounted for Read More...

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BDO sued for £250m: Selling agent accused of conflict of interest

Accounting Firms BDO sued for £250m: Selling agent accused of conflict of interest

2y Tom Lemmon

BDO sued for £250m: Selling agent accused of confl...

The claimants in the case against BDO over their administration of One Blackfriars Limited have accused BDO of inappropriately using real estate firm,...

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BDO partner admits she didn’t challenge ‘shockingly low’ valuation

Accounting Firms BDO partner admits she didn’t challenge ‘shockingly low’ valuation

2y Tom Lemmon

BDO partner admits she didn’t challenge ‘shockingl...

Witness in £250m insolvency negligence lawsuit said she didn’t challenge low valuation of One Blackfriars site Read More...

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BDO sued for £250m over ‘light-touch’ administration

Accounting Firms BDO sued for £250m over ‘light-touch’ administration

2y Tom Lemmon

BDO sued for £250m over ‘light-touch’ administrati...

A £250m insolvency negligence lawsuit, thought to be the largest of its kind, began this week against BDO in the UK’s High Court. The claimants in the...

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Over a third of public bodies expect formal disputes with the private sector when PFI contracts end

Audit Over a third of public bodies expect formal disputes with the private sector when PFI contracts end

2y Simon Reason

Over a third of public bodies expect formal disput...

By Simon Reason, director of the treasury, National Audit Office Read More...

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New insolvency bill a positive lifeline for struggling businesses, but questions remain

Coronavirus New insolvency bill a positive lifeline for struggling businesses, but questions remain

2y Bob Pinder

New insolvency bill a positive lifeline for strugg...

The Corporate Insolvency and Governance Bill began its passage through the Lords this week, after a speedy journey through the Commons. As the largest...

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Office reshuffle and digital transformation top firms’ agenda

Coronavirus Office reshuffle and digital transformation top firms’ agenda

2y Leanna Reeves

Office reshuffle and digital transformation top fi...

Office restructure and digital transformation to become businesses’ key priority when prepping for future, according to industry bodies and accountant...

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Q&A: EY’s global vice chair of tax on a changing function

Big Four Q&A: EY’s global vice chair of tax on a changing function

2y Jeremy Chan

Q&A: EY’s global vice chair of tax on a changing f...

Accountancy Age sits down with Kate Barton to discuss the effects the pandemic is having on the tax function and what to expect going forward Read Mor...

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Wirecard audit procedures yet to be completed

Audit Wirecard audit procedures yet to be completed

2y Shannon Moyer

Wirecard audit procedures yet to be completed

EY audit of the financial services provider has been repeatedly deferred Read More...

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KPMG, PwC's Eddie Stobart audits under FRC investigation

Audit KPMG, PwC's Eddie Stobart audits under FRC investigation

2y Shannon Moyer

KPMG, PwC's Eddie Stobart audits under FRC investi...

Audits for Eddie Stobart’s 2017 and 2018 accounts found errors dating back several years Read More...

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CJRS extension crucial to supporting UK businesses

Coronavirus CJRS extension crucial to supporting UK businesses

2y Shannon Moyer

CJRS extension crucial to supporting UK businesses

With nearly every other UK SME utilising the furlough scheme, the policy has become critical Read More...

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Accountants under pressure to process payroll claims

Accounting Firms Accountants under pressure to process payroll claims

2y Leanna Reeves

Accountants under pressure to process payroll clai...

Thousands of government scheme applications means accountants face extreme pressure to submit clients’ claim on time Read More...

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Inside Accountancy podcast: Coronavirus and accountancy

Accounting Firms Inside Accountancy podcast: Coronavirus and accountancy

2y Tom Lemmon

Inside Accountancy podcast: Coronavirus and accoun...

In the latest edition of Inside Accountancy, reporter Tom Lemmon speaks to Donna Bulmer, managing partner of Haines Watts to discuss how coronavirus h...

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BDO furloughs 700 employees, firms cut pay

Big Four BDO furloughs 700 employees, firms cut pay

2y Shannon Moyer

BDO furloughs 700 employees, firms cut pay

Mid-tier firm furloughs staff two weeks after attending a virtual meeting with several competitors on government assistance Read More...

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Accountancy industry unlikely to return to office

Accounting Firms Accountancy industry unlikely to return to office

2y Leanna Reeves

Accountancy industry unlikely to return to office

Remote working caused by lockdown means practices and software providers could move away from traditional workplace after restrictions are lifted Read...

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Reports suggest Big Four, BDO and Grant Thornton discuss furlough behind closed doors

Big Four Reports suggest Big Four, BDO and Grant Thornton discuss furlough behind closed doors

2y Shannon Moyer

Reports suggest Big Four, BDO and Grant Thornton d...

Top six UK accounting firms met virtually in a meeting organised by the ICAEW to discuss the potential hit their reputations would take if they utilis...

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Industry at odds over potential insolvencies

Accounting Firms Industry at odds over potential insolvencies

2y Tom Lemmon

Industry at odds over potential insolvencies

Predictions of 800,000 UK insolvencies requires “sense-checking” says RSM, but leading insolvency body say it depends on the length of the crisis Read...

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FRC fines KPMG £700,000 for poor audit

Audit FRC fines KPMG £700,000 for poor audit

2y Tom Lemmon

FRC fines KPMG £700,000 for poor audit

The FRC has fined KPMG UK £700,000 and reprimanded KPMG UK’s former senior partner for Manchester, Nicola Quayle for a “failure to apply sufficient pr...

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Coronavirus: how to ensure client service is not hit by a staffing crisis

Coronavirus Coronavirus: how to ensure client service is not hit by a staffing crisis

2y IRIS | Sponsored

Coronavirus: how to ensure client service is not h...

Business across the country are being severely hit right now by the enormous and growing impact of the coronavirus outbreak Read More...

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Cogital Group set for rebrand

Accounting Firms Cogital Group set for rebrand

2y Tom Lemmon

Cogital Group set for rebrand

Business services provider – and owner of a number of accountancy firms including Baldwins and Campbell Dallas – Cogital Group, is to rebr...

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Covid-19 black swan reminds accounting firms to consider crisis planning

Accounting Firms Covid-19 black swan reminds accounting firms to consider crisis planning

2y Leanna Reeves

Covid-19 black swan reminds accounting firms to co...

Reputation adviser says the outgrowing epidemic shows firms often overlook crisis management Read More...

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Covid-19: Auditors need clarity before acting

Audit Covid-19: Auditors need clarity before acting

2y Tom Lemmon

Covid-19: Auditors need clarity before acting

Auditors call for clarity and calmness to help assist clients, while technology is making remote working easier Read More...

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