Finance | Audit regulator waters down supervision of smaller firms

The Financial Reporting Council (FRC) is overhauling the supervision of small audit firms doing listed work to make audit inspections ‘more proportionate’ as long as they sign up to Sandbox

11 Sep 2025

Finance

Auditing

Corporate Governance

Finance | Cooper Parry picks up £300k TPXimpact audit

Private equity backed Cooper Parry has won the audit business for AIM listed tech company, TPXimpact Holdings, following a robust competitive tender

2 Sep 2025

Finance

Auditing

Corporate Governance

Finance | Aberdeen hires EY in £11m audit swap

FTSE 100 fund manager Aberdeen has changed Big Four auditors, hiring EY to replace KPMG, but not for two years

26 Aug 2025

Finance

Auditing

Corporate Governance

Finance | WH Smith’s £30m revenue blunder: horror story for FDs

If they ever publish a book called Horror Stories for Accountants, the WH Smith revenue recognition error will be in it, says Rob Steele, CFO at iplicit

22 Aug 2025

Finance

Financial Reporting

IFRS

Auditing

Corporate Governance

Finance | FRC plans shake up of audit inspections

The Financial Reporting Council (FRC) is consulting on a major overhaul of audit oversight with fewer reviews of large firm audits and graded file inspections 

14 Aug 2025

Finance

Auditing

Audit Consultations

Corporate Governance

Finance | Moore Kingston Smith quits GST audit over crypto ‘risk profile’

Moore Kingston Smith resigns as auditor of listed fintech GSTechnologies after reviewing risk profile following audit delays, citing client involvement with cryptocurrency trading and assets

13 Aug 2025

Finance

Auditing

Corporate Governance

Finance | ASOS hires KPMG for £1.6m audit

Online clothing giant ASOS has changed auditors with the appointment of KPMG, replacing incumbent Big Four firm

11 Aug 2025

Finance

Auditing

Corporate Governance

Finance | CPD module: Changes to code of ethics for auditors

This month's exclusive CPD module focuses on the big changes to the ICAEW Code of Ethics for auditors now in force

4 Aug 2025

Finance

Auditing

Audit Regulations

Corporate Governance

Finance | Barents fined £1.78m for internal audit failings

Barents Reinsurance has been fined £1,785,000 for ‘materially short’ governance and internal audit failings when it operated in the UK after the Brexit transition period

30 Jul 2025

Finance

Auditing

Corporate Governance

Finance | Audit reforms and ARGA plan shelved again

The government has abandoned plans to overhaul the audit market, with proposals for tough, statutory regulator to replace FRC dropped

25 Jul 2025

Finance

Auditing

Corporate Governance

Business | Firms only fined £9.7m for audit failures

Audit firms, partners and in-house accountants fined £9.7m for audit misconduct, ethical breaches and reporting failures, down from £33m previous year

24 Jul 2025

Business

Accountancy Firms

Finance

Financial Reporting

Auditing

Corporate Governance

Finance | What’s going wrong with audit?

Revenue issues and lack of management challenge continue to trip up audit teams, raising fresh concerns about how deeply auditors are really digging, says Ollie Garrod ACA

24 Jul 2025

Finance

Auditing

Corporate Governance

Finance | Deloitte faces investigation over Glencore audits

The audit regulator has opened a probe into Deloitte’s audits of FTSE 100 mining giant Glencore covering a seven-year period

23 Jul 2025

Finance

Auditing

Corporate Governance

Business | Ethics and AI hazards for accountants and auditors

A raft of new guidance on the ethical use of AI in the accountancy sector from the FRC and ICAEW flags potential risks and accountability issues, explain Ian Ko and Lucy Reast of Kingsley Napley LLP

22 Jul 2025

Business

Companies

Accountancy Firms

AI & Technology

Finance

Auditing

Corporate Governance

Finance | AQI 2025: BDO slammed by regulator for ‘deteriorating’ audits

The UK’s fifth largest audit firm, BDO, may have improved from last year’s AQI low of 38% but still has a long way to go as four out of the 14 reviewed audits needed ‘significant improvements’

15 Jul 2025

Finance

Auditing