Corporate reporting

Audit | Official Receiver files £230m claim against KPMG auditors

The Official Receiver is reported to have launched a £230m legal claim against KPMG, the auditor of collapsed construction firm Carillion

22 Nov 2021

Audit | Auditors call for stronger audit process on fraud

As auditors attempt to restore trust in the profession, auditors explain what is needed to improve the audit industry particularly by spotting fraud, in the latest report by the Association of Chartered Certified Accountants (ACCA)

21 Oct 2021

Audit | FRC to investigate BDO audit of NMCN

The Financial Reporting Council (FRC) has launched an investigation into the audit conducted by BDO of the financial statements of collapsed construction company NMCN plc for year end 31 December 2019

21 Oct 2021

Audit | Majority of digital annual reports not up to scratch

In a review of 50 early annual reports presented in a structured electronic format a majority fell short of the quality standards expected, the Financial Reporting Council’s (FRC) LAB has found

14 Oct 2021

Audit | Why have a voluntary audit?

For companies exempt from preparing an audit, there are various alternatives for reporting on assurance of financial statements. John Selwood ACA explains the different options and how these compare to an audit

13 Oct 2021

Audit | Director accountability likely to feature in audit reforms

The government is currently reviewing responses to the consultation on audit reform and is likely to tighten up rules on director accountability

13 Oct 2021

Corporate governance

Audit | Deloitte faces investigation over Essar Oil audits

Deloitte is reportedly under investigation by the ICAEW for the audits of Essar Oil UK

8 Oct 2021

Audit | FRC to probe French Connection auditors Mazars

The Financial Reporting Council (FRC) has announced today that it has launched an inquiry into accountancy firm Mazars over its audit of retailer French Connection’s full-year financial results

6 Oct 2021

Audit | FRC launches inquiry into Akazoo audits by Crowe UK LLP

The Financial Reporting Council (FRC) has announced today that it has launched an investigation into the audit of Akazoo Ltd by Crowe UK LLP

4 Oct 2021

Audit | AAT reports £7.8m surplus in income reserve

The Association of Accounting Technicians (AAT) has released its annual report which showed a £7.8m surplus in the membership body’s income reserve level

13 Aug 2021

Audit | Half of businesses ignore climate risk reporting

Nearly half of organisations, 48%, do not include climate risks in their business risk reports, with over half, 53% not having a dedicated executive leader accountable for sustainability and climate risk reporting, NAO report reveals

6 Aug 2021

Audit | MPs call for greater transparency on covid contracts

Chair of the anti-corruption and responsible tax committee, Dame Margaret Hodge has called on the government to introduce legislation that gives more transparency to public contracts awarded to private companies

5 Jul 2021

Audit | Strengthening corporate governance should be a priority says OECD

The OECD calls on all nations to strengthen their corporate governance framework and policies to help create a well-functioning capital market, to tackle the challenges posed by the covid-19 pandemic, and aid it in its recovery

1 Jul 2021

Audit | Rishi Sunak announces £15bn green finance plan

At Mansion House this morning, Chancellor Rishi Sunak announced his plans to transform the UK into a green finance hub with £15bn investment into environmentally friendly projects

1 Jul 2021

Audit | The role of the auditor in policing enforcement

The Brydon report markedly expands the subject of an audit from the financial statements to take in the company itself, its directors and all information the company is required to disclose, but is this really the remit of the auditor, asks David Lineen, director, haysmacintyre

25 Jun 2021

Corporate governance