The Financial Reporting Council (FRC) has issued guidance for audit firms on eligibility criteria related to implementation of quality management rules and audit performance
AIM listed tech company WANdisco has reported a major fraud related to revenue recognition in its accounts with up to $15m (£12.5m) of potentially fraudulent sales
PwC and two former audit partners have been handed a multimillion pound fine for audits of Babcock which ‘fell far short of the standards expected of statutory auditors’
The Institute of Internal Auditors (IIA) is consulting on proposed changes to framework for the internal audit standards with a focus on ethics and scepticism
The Financial Reporting Council (FRC) has been confirmed as the oversight body for local audit but not until the new audit regulatory structure is created
Cybersecurity company Darktrace has hired EY to review its finances and accounting practices after an investment fund questioned the credibility of the financial results
The Financial Reporting Council (FRC) has closed its investigation into Deloitte following the settlement of criminal proceedings against Serco brought by the Serious Fraud Office (SFO) back in 2019