Search Results for: FRC
FRC launch investigation into KPMG
May 4th, 2017
FRC launch investigation into KPMG in relation to the audit of the financial statements of Rolls-Royce Group The Financial Reporting Council (FRC) has commenced an investigation under the Audit Enforcement Procedure into the conduct of KPMG Audit Plc, in ...
PwC and ex RSM Tenon chief face complaints from the FRC
December 15th, 2016
The Financial Reporting Council’s (FRC) Executive Counsel has delivered a disciplinary Formal Complaint in connection with the conduct of PricewaterhouseCoopers LLP (PwC), Nicholas Boden (PwC’s Senior Statutory Auditor and Audit Engagement Partner) and Russell McBurnie (RSM Tenon Group plc’s ...
PwC fined £2.3m by FRC
September 1st, 2016
Disciplinary case relating to PwC’s audits of Cattles plc and Welcome Financial Services Limited The Financial Reporting Council (FRC) announced the outcome of the disciplinary case relating to PricewaterhouseCoopers LLP (PwC) and its audits of the financial statements of Cattles ...
FRC is to investigate PwC over its auditing of BHS
August 1st, 2016
The Financial Reporting Council (FRC) is to investigate PwC over its auditing of BHS for the 2014 financial year, following on from criticism of the firm’s actions in signing the retailer’s accounts off as a ‘going concern’ from the ...
FRC to investigate KPMG over HBOS audit
June 29th, 2016
The Financial Reporting Council (FRC) has announced it will be holding an investigation under the accountancy scheme into the conduct of KPMG’s audit of HBOS for the year ended 31 December 2007, after coming under severe criticism for failing ...
FRC to investigate Deloitte
June 9th, 2016
The Financial Reporting Council (FRC) has launched an investigation under the accountancy scheme into Deloitte LLP, in relation to the preparation, approval and audit of the financial statements of companies within the Serco group. The investigation is for the financial ...
FRC investigates KPMG over Ted Baker audit ethics
June 6th, 2016
The Financial Reporting Council (FRC) has announced it is to investigate KPMG over the firm’s consideration of and compliance with ethical standards in connection with the provision of non-audit services during the audit of the financial statements of Ted ...
KPMG audit quality criticised in FRC review
May 23rd, 2016
The quality of audit work undertaken by the top six firms has improved with only KPMG found to have audits in need of significant improvement, the FRC said Thursday. Out of the 104 audits were inspected for 2015/16 – 89 of ...
Deloitte set to face FRC disciplinary over Aero Inventory audit
April 20th, 2016
DELOITTE is set to face an FRC disciplinary tribunal over its conduct relating to its audit and the financial statements of collapsed AIM-listed aeroplane parts manufacturer Aero Inventory. The case – which will examine the conduct of audit partner John ...
FRC to publish HBOS findings in the Spring
March 31st, 2016
Britain’s accounting watchdog aims to publish a full report in coming weeks into how banking group HBOS was audited by KPMG before the lender collapsed in 2008 during the financial crisis. The Financial Reporting Council (FRC) has come ...