FRC

audit

AAYP 2016: Five key skills auditors will need in the future

10/05/2016(0)
AUDIT teams have the skill sets to meet today’s requirements but changes will be needed to meet the demands of audit in the future. That is the finding of two international ... Read More
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EY conflicts of interest issues could affect Royal Dutch Shell-BG Group deal

04/05/2016(0)
Conflicts of interest and issues around auditor independence could affect the proposed acquisition of BG Group by Royal Dutch Shell, Manifest has suggested. Analysis by proxy voting agency Manifest ahead ... Read More
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FRC to publish HBOS findings in the Spring

31/03/2016(0)
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 ... Read More
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Outcome of disciplinary case in connection with Presbyterian Mutual Society

01/03/2016(0)
The Financial Reporting Council (FRC) announces the outcome of the disciplinary case in connection with the conduct of Moore Stephens in Northern Ireland (Moore Stephens (NI) LLP) and David ... Read More
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KPMG Audit plc’s audit of HBOS plc

22/01/2016(0)
The Financial Reporting Council’s (FRC) Conduct Committee has reviewed the full report from the PRA and FCA into the failure of HBOS plc. and has asked the FRC’s Executive ... Read More
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‘Big Four’ audit firms never examined over illegal tax plans

18/01/2016(0)
Regulators fail to act as they are dominated by the companies they are supposed to police, say critics Audit and accountancy firms who devise tax-avoidance schemes ruled unlawful have ... Read More
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MP calls for FRC accounting body to investigate KPMG over HBOS

14/12/2015(0)
Britain’s accounting standards watchdog has made a “serious mistake” in refusing to open a formal investigation into accountancy firm KPMG over the way it checked the books of HBOS ... Read More
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FRC calls for transparent disclosure of tax risks in corporate reports

01/12/2015(0)
The Financial Reporting Council (FRC) will conduct a thematic review of companies’ tax reporting to encourage more transparent recording of the relationship between the tax charges and accounting profit. ... Read More
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FRC has called on the IASB to reconsider its proposed Conceptual Framework

26/11/2015(0)
The Financial Reporting Council (FRC) has called on the IASB to reconsider its proposed Conceptual Framework so that it properly reflects the importance of stewardship, prudence and reliability, which ... Read More
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HBOS and KPMG tensions exposed by report

24/11/2015(0)
TENSIONS between HBOS’s senior management and the bank’s auditor KPMG have been exposed in the long-awaited bumper report into the financial institution’s epic failure. The 500-page tome, which took ... Read More
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