Auditing

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Image for prager metis fined 745k negligence ftx audits

Finance | Prager Metis fined $745k for negligence in FTX audits

The US regulator has fined Prager Metis $745,000 over misconduct and negligence in its audits of collapsed crypto trading platform FTX

18 Sep 2024

Financial Reporting

Corporate Governance

Image for nao issues guidance auditing cloud services

Finance | NAO issues guidance on auditing cloud services

The National Audit Office has updated the guidance for audit committees auditing cloud services, covering due diligence, strategic assessment and potential risks

17 Sep 2024

Audit Regulations

Corporate Governance

Image for bdo auditors need more time sign galliford try

Finance | BDO auditors need more time to sign off Galliford Try

Construction giant Galliford Try has delayed the group’s annual results statement as auditor BDO needs more time to complete the audit

16 Sep 2024

Financial Reporting

Corporate Governance

Finance | Register for webinar on audit tips and advice

Sign up for our expert audit webinar on 17 September

13 Sep 2024

Financial Reporting

Audit Regulations

Corporate Governance

Image for pwc fined ps67m and banned china audit work

Finance | PwC fined £67m and banned from China audit work

The Chinese authorities have fined PwC £67m for major failures on the Evergrande audit and senior UK partner sent in to run the firm

13 Sep 2024

Corporate Governance

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Finance | Public sector audit backlog must be cleared by December

All local councils and public sector bodies will have to complete audits by 13 December under new rules to tackle excessive audit backlog

12 Sep 2024

Image for 29 icaew inspected audits did not meet acceptable standard

Finance | 29% of ICAEW inspected audits did not meet ‘acceptable’ standard

The shift of complex audits to smaller firms is raising concerns about quality and resourcing levels, warns ICAEW audit monitoring report

12 Sep 2024

Corporate Governance

Image for first internal audit code practice tackle emerging risks

Finance | First Internal Audit Code of Practice to ‘tackle emerging risks’

The Chartered Institute of Internal Auditors has released its first ever Code of Practice for internal auditors to improve corporate governance

11 Sep 2024

Financial Reporting

Audit Regulations

Corporate Governance

Image for cls hires bdo ps770k audit

Finance | CLS hires BDO for £770k audit

CLS Holdings has appointed BDO to replace Big Four auditor EY with immediate effect

9 Sep 2024

Corporate Governance

Image for use genai will not replace auditor judgment

Business | Use of GenAI will not replace auditor judgment

With the rapid pace of change across the audit profession, investment in AI needs to be responsible and ethical, stresses Deloitte’s audit and assurance team

5 Sep 2024

Accountancy Firms

AI & Technology

Image for n4 pharma hires gravita ps37k audit

Finance | N4 Pharma hires Gravita for £37k audit

AIM listed N4 Pharma has swapped auditors at short notice with the appointment of private equity backed Gravita after six years

2 Sep 2024

Corporate Governance

Image for deloitte wins ps2m discoverie group audit

Finance | Deloitte wins £2m DiscoverIE Group audit

Listed discoverIE Group plc has swapped Big Four auditor PwC with the appointment of Deloitte

20 Aug 2024

Corporate Governance

Image for pwc fined ps15m serious breaches risky lcf audit

Finance | PwC fined £15m for ‘serious’ breaches in ‘risky’ LCF audit

In a first for the Financial Conduct Authority, PwC has been slapped with a record £15m fine for failing to advise the regulator about its suspicions about possible fraud at collapsed LCF

16 Aug 2024

Corporate Governance

Image for mha auditors censured breaking cass rules

| MHA auditors censured for breaking CASS rules

The Financial Conduct Authority has called out audit firm Macintyre Hudson LLP (MHA) for a ‘serious failing’ when preparing client assets reports for two companies

16 Aug 2024

Corporate Governance

Image for private companies rely too much boilerplate reporting

Finance | Private companies rely on too much boilerplate reporting

The largest privately owned companies need to improve the quality of reporting on corporate governance to improve transparency and avoid box ticking

12 Aug 2024

Corporate Governance

Image for mobius drops pwc cheaper audit fee

Finance | Mobius drops PwC for cheaper audit fee

Listed Mobius Investment Trust plc has appointed Johnston Carmichael as auditor replacing PwC citing a decision to secure a lower audit fee

9 Aug 2024

Corporate Governance

B&ADTV

Croner Intelligence - how do I know the AI produces reliable results?

Big changes coming to corporate reporting

Croner Intelligence: Workflows AI tool for drafting letters

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