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  • Wednesday, 18 May, 2022
    UK financial regulation
    Big Four accountancy fines could in future go to UK state coffers

    Industry bodies which have received £50mn in recent penalties say they are open to reform

  • Friday, 13 May, 2022
    KPMG UK
    Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal

    Lawyer argues penalties sought by FRC over Carillion audit are designed to ‘destroy’ accountant’s life

  • Thursday, 12 May, 2022
    KPMG UK
    KPMG faces £14.4mn fine for misleading UK regulators over Carillion audit

    Tribunal finds five defendants guilty of misconduct after hearing auditors created ‘false documents’

  • Wednesday, 4 May, 2022
    Sanjeev Gupta
    King & King’s audits of Sanjeev Gupta companies probed by UK regulator

    FRC investigates four audits by little-known firm used by metals magnate

  • Sunday, 1 May, 2022
    Head of UK audit regulator in frame to chair HS2

    Sir Jon Thompson’s departure would create fresh upheaval at audit watchdog say executives

  • Thursday, 28 April, 2022
    Corporate governance
    Dropping of UK audit bill from Queen’s Speech comes under fire

    Government criticised after fresh delay to long-promised reform of accounting and corporate governance

  • Thursday, 28 April, 2022
    Helen Thomas
    Ditching UK audit reform would be an embarrassing mistake

    Government must fix the basics of how the market is overseen even if it fails to institute radical change

  • Thursday, 21 April, 2022
    Deloitte LLP
    Deloitte hit with £2mn fine after rule breaches over Mitie

    UK accounting regulator says Big Four firm failed in its audit of outsourcing group Mitie

  • Monday, 18 April, 2022
    News in-depthUK outsourcing
    Construction and outsourcing groups still prone to audit failures

    Four years after Carillion’s collapse, many rivals have attracted attention of accounting regulator

  • Tuesday, 12 April, 2022
    Deloitte LLP
    Deloitte under investigation by UK accounting regulator over Go-Ahead audits

    Transport group’s shares were temporarily suspended in January after it missed deadline for filing results

  • Monday, 11 April, 2022
    Accountancy
    UK regulator to reclaim powers to strike off accounting firms

    Move aimed to bolster FRC’s control over auditors after sector criticised over failure to uphold standards

  • Tuesday, 8 March, 2022
    KPMG UK
    KPMG fined again for audit shortcomings

    Penalty and reprimand from regulator over work at Revolution Bars, the latest in series of failings by the Big Four firm

  • Monday, 28 February, 2022
    Corporate governance
    Auditors warn of ‘organisational culture crisis’ at UK companies

    Head of accounting regulator says ‘right tone from the top’ can help avoid Carillion-style failures

  • Thursday, 10 February, 2022
    GFG Alliance
    UK accounting regulator to probe auditor of Sanjeev Gupta’s Liberty Commodities

    HW Fisher has been auditing metals trading business since the late 1990s

  • Monday, 7 February, 2022
    PwC
    PwC probed over audits of UK construction contractors

    Cases add to growing list of investigations into work by the Big Four accounting firms

  • Tuesday, 25 January, 2022
    Incoming chair of UK accounting watchdog commits to shake-up within months

    Nominee Sir Jan du Plessis tells MPs the Financial Reporting Council’s governance was ‘not good enough’

  • Wednesday, 19 January, 2022
    KPMG UK
    Regulator fines KPMG £3m for audit failings at collapsed retailer

    Penalty for its Conviviality work is second set of sanctions against firm in as many days

  • Tuesday, 18 January, 2022
    KPMG UK
    KPMG auditor fined and banned for misleading watchdog inspectors

    Tribunal hears allegations about accounting firm staff backdating documents during review of Regenersis audit

  • Monday, 17 January, 2022
    Accountancy
    KPMG partner said he was unaware of alleged forgery of Carillion audit documents

    Peter Meehan described being ‘shocked and angry’ after his suspension from accounting firm

  • Monday, 17 January, 2022
    PwC
    UK accounting regulator extends probe into PwC over Babcock audits

    Watchdog to investigate defence contractor’s accounts of 2019 and 2020 as well as 2017 and 2018

  • Wednesday, 12 January, 2022
    KPMG UK
    Junior KPMG auditor in Carillion case unaware he was doing anything wrong, tribunal hears

    Regulator alleges six KPMG staff ‘fabricated’ documents after questions from its inspectors about audit of UK outsourcer

  • Tuesday, 11 January, 2022
    KPMG UK
    KPMG auditors forged documents to avoid criticism, tribunal heard

    Big Four accounting firm tries to distance itself from actions of former staff who were auditing Carillion

  • Monday, 10 January, 2022
    KPMG UK
    KPMG admits ‘misconduct’ as regulator alleges forgery by Carillion auditors

    FRC opens case against accounting firm that is expected to last five weeks

  • Friday, 7 January, 2022
    Professional services
    Mid-tier auditor MHA MacIntyre Hudson investigated by UK watchdog

    FRC looking at audits of a subsidiary of commodities business Monaco Resources Group

  • Wednesday, 5 January, 2022
    Mazars LLP
    Mazars fined over local government audit failings

    Challenger firm ordered to pay £250,000 after work for unnamed authority ‘fell far short’

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