The Financial Reporting Council (FRC) has launched an investigation into financial statements put out by retailer Sports Direct, which the audit watchdog says may have failed to disclosed a related party transaction

FTSE 100-listed global asset manager Shroders has confirmed EY as its auditor after 57 years with PwC

The latest energy company to announce a change of auditor after many years is Premier Oil, which has appointed EY to take over from Deloitte following the completion of a formal audit tender process

Deloitte has picked up a second major energy audit client after its recent win at BP, and will be taking over at Centrica from PwC following the conclusion of a formal tender process, ending a 20-year relationship

A handover of powers to professional accounting institutes has exacerbated a lack of accountability while changes to revenue recognition rules simply make accounting more complicated, warns Emile Woolf FCA

BP has announced that Deloitte is to take over as the company’s auditor from EY, which has been the energy giant’s auditor for decades

Deloitte has been fined £4m by the Financial Reporting Council (FRC), the highest ever imposed by the regulator, at the conclusion of a long-running investigation into the firm’s failures in relation to the audit of the AIM listed company Aero Inventory and its subsidiary Aero Inventory (UK) Ltd for the financial years ended 30 June 2006, 2007 and 2008

AIM-list Accesso Technology Group, which provides e-ticketing and virtual queuing systems for the leisure, entertainment and cultural markets, has parted company with BDO after four years and appointed KPMG as its auditor

Deloitte has resigned as auditor to video games developer Game Digitalafter a five-year term and will be replaced by BDO, following a competitive tender process which included consideration of ways to reduce the cost of the audit process

FTSE 250-listed packaging and cigarette tip business Essentra has appointed PwC as its auditor for the audit of the financial statements for the year ending 31 December 2017 onward

The frequency of auditor changes among the FTSE 100 is beginning to slow, according to Big Four advisers taking part in Accountancy’s FTSE 100 Auditors Survey

With a record number of audits in the FTSE 100 switching auditor firms, Philip Smith considers the impact on fee levels, the non audit services (NAS) cap and a slowing volume of tendering activity, as the Big Four audit firms continue to dominate the listed market