Standard Life Aberdeen has confirmed that KPMG will be its auditors, after it completed the £11bn merger of Standard Life and Aberdeen Asset Management on 14 August 2017

KPMG is to pay more than $6.2m (£4.8m) to settle charges brought by the Securities and Exchange Commission (SEC) that it failed to properly audit the financial statements of Miller Energy Resources, resulting in investors being misinformed about the company’s value

The Financial Reporting Council (FRC) has given PwC a £5.1m fine - its largest ever – and a severe reprimand for what the regulator termed ‘extensive’ misconduct in the audit of the financial statements of RSM Tenon Group, for the financial year ended 30 June 2011

Japanese electronics company Toshiba has avoided being delisted from the Tokyo Stock Exchange after auditors from PwC Arata signed off its accounts, allowing it to publish its 2016 annual report

The UK’s largest charities paid out £69.4m in audit fees last year, with Crowe Clark Whitehill winning the biggest share for the ninth year running, according to the 2017 Charity Financial league table

An audit tender process will have to be undertaken after the £11bn merger between Standard Life and Aberdeen Asset Management

FTSE 100 company Micro Focus had to bring forward its audit tender process after an acquisition of a software business meant there was a potential conflict

Crowe Horwath’s Hong Kong firm has been sanctioned and its registration revoked by the Public Company Accounting Oversight Board (PCAOB) for refusing to cooperate with the US regulator’s investigation of the firm's audits of a China-based issuer

Food producer Tate & Lyle is to switch auditors to EY, ending a 28-year relationship with PwC, following a competitive tender process earlier this year

ICAEW is calling for more support for extended audit reports, warning that the response to audit scandals such as Tesco and Rolls Royce has the potential to affect the development of audit

The Public Company Accounting Oversight Board (PCAOB) has censured PwC and imposed a $1m (£760,000) penalty for audit violations related to the firm’s failure to observe the customer protection rules required by the Security and Exchange Commission (SEC) in its examination and audit of the broker-dealer Merrill Lynch, Pierce, Fenner & Smith

A shortfall in ethics in the lastest round of Audit Quality Inspections (AQIs) from the Financial Reporting Council (FRC) and endless conflicts of interest are bad for the audit profession. Emile Woolf FCA takes aim at auditors and standards