Moore Stephens insurance sector partner Tom Reed examines Practice Note 20 which refreshes rules around materiality and reporting under Solvency II following withdrawal of Practice Note 24

FTSE 250 clothing retailer SuperGroup has announced it plans to replace PwC with Deloitte as its external auditor for the financial year ending 28 April 2018, following a competitive tender process

Personal care and homecare supplier PZ Cussons is to drop PwC as its auditor following a competitive tender process, and plans to appoint Deloitte as its external auditor for the financial year commencing 1 June 2017, subject to shareholder approval at its AGM in September

A former partner at PwC’s Brazilian firm has been fined $10,000 (£8,021) and given a two-year ban by the Public Company Accounting Oversight Board (PCAOB) for audit failures in relation to the accounts for US consumer goods and bakery supplier Sara Lee

The FRC has launched an internal investigation after a member leaked information about the regulator’s investigation into PwC’s audit of Connaught to the press, reports Calum Fuller

A former junior auditor with EY’s US firm based in Silicon Valley has paid over $87,000 (£70,000) to the Securities and Exchange Commission (SEC) to settle charges that he traded on inside information about a client on the verge of a merger, and has agreed to a five-year suspension as an accountant

Individuals can now receive an email alert informing them when a company files with Companies House as part of its new follow service, which shows people what has been filed by a company as soon as it has been approved 

The Financial Reporting Council (FRC) has launched a consultation on proposed revisions to ISA (UK) 250, Section A – Consideration of Laws and Regulations in an Audit of Financial Statements, and conforming amendments to other UK standards, which are intended to bring it into line with agreed international ethics standards

The Financial Reporting Council (FRC) is to resume its hearing of a formal complaint against PwC and retired partner Stephen Harrison later this week, concerning their conduct in relation to the audit of the financial statements of Connaught plc and its subsidiaries, for the year ended 31 August 2009

Listed Radian Group, a social housing, care and support services provider, has dropped incumbent auditor Deloitte in favour of mid-tier firm BDO LLP with immediate effect

Excessive director pay is a scourge across big business and it needs to be curbed, says Emile Woolf FCA, former forensic accountant and audit committee chair

The Financial Reporting Council (FRC) says audit firms need to improve their quality control procedures, after a thematic review discovered problems with a third of the audits sampled, suggesting the current approach is not working effectively