The Financial Reporting Council announced today that BDO across the pond has been hit with […]
Tag: Financial Reporting Council
The King’s PwC Earns a Hefty Fine For a 2019 Bank Audit
Feels like it’s been a while since we’ve written up a serious audit failure fine […]
A Top 15 Firm Across the Pond Wants to IPO, Has to Get Regulators Off Their Back First
MHA, top 15 firm in the UK (#13) and member of Baker Tilly International, is […]
Brit Audit Cops Want Firms to Snitch if Private Equity is Sniffing Around
UK audit cops at the Financial Reporting Council (FRC) have told firms they’re expected to […]
“There is a Risk That PE Investors May Lack a Deep Understanding of Audit Practice Objectives”
Tucked 22 pages deep into the Financial Reporting Council’s 2024 Annual Review of Audit Quality […]
EY UK Gets Hit With a Weakass Fine for an Ethics Conflict
FT reported on Wednesday that the King’s EY was hit with a £295,000 fine ($376,309 […]
King Charles Gives Audit Reform a Shout-Out, Guy Not at Big 4 Complains Big 4 Gets All the Business
In the King’s Speech today, King Charles says (timestamped below) “bills will be brought forward […]
KPMG UK Going For a FRC Penalty High Score Again This Year
Announced Monday, the Financial Reporting Council (FRC) has fined the King’s KPMG £2,250,000 ($2.9 million […]
Grant Thornton Gets Downgraded to a Tier 2 Firm, That’s Probably a Good Thing
In September we were tipped to a developing situation at US mid-tier audit firms in […]
As KPMG UK Gets Hit With a Record Fine, the Boss Admits the Auditing Was “Very Bad”
The saga of KPMG and collapsed client Carillion has finally come to a close with […]
KPMG Got Extra Roasted By the FRC Thanks to the Firm’s “Poor Disciplinary Record”
Both KPMG and PwC have been fined by the Financial Reporting Council (FRC) in relation […]
UK Audit Regulator Chair Says Cheap-Ass Firms Should Pay Their Junior Auditors Better
Financial Reporting Council chair and stereotypically European named Jan du Plessis has told the Financial […]