Corporate reporting

Audit | EY launches virtual internal auditor tool

EY has made a move into tech tools with the launch of EY Virtual Internal Auditor (VIA), a digital platform which provides an overview of an organisation’s risks across their audit processes

18 Jul 2022

Audit | FRC set to overhaul Corporate Governance Code

The Financial Reporting Council (FRC) plans to overhaul the Corporate Governance Code, introduce fraud reporting duties for directors and update the ethics standard for auditors

12 Jul 2022

Audit | Gupta owned steel businesses face audit probe

The Financial Reporting Council (FRC) has opened an investigation into the audits of four companies in the GFG Alliance group by King & King

4 May 2022

Audit | Internal audit body slates lack of progress on audit reform

The delay to the publication of a timetable for audit reform has forced the Chartered Institute of Internal Auditors to write to the Prime Minister calling for urgent action

15 Mar 2022

Audit | FRC consults on changes to public sector audit partners

The Financial Reporting Council (FRC) is consulting on proposals to extend access to key audit partners working in local audit, changing the rules of entry, to increase competition

2 Mar 2022

Audit | ESG reporting for EU trading businesses from 2023

The EU is to impose mandatory sustainability reporting for large companies under its Corporate Sustainability Reporting Directive (CSRD)

24 Feb 2022

Audit | FRC launches audit probe into Liberty Commodities

The Financial Reporting Council (FRC) has launched an investigation into HW Fisher's audit of Liberty Commodities which is part of metal tycoons Sanjeev Gupta’s GFG Alliance

10 Feb 2022

Audit | KPMG sued for £1.3bn over Carillion audit

KPMG is being sued for £1.3bn by the Official Receiver over its role as auditor to collapsed contractor Carillion

4 Feb 2022

Audit | MPs slam late audit problem in local authorities

The Public Accounts Committee is warning that local government funding is creating a ‘real risk’ due to a lack of funding that will only ‘allow local government to stand still’ while its failure to complete audits on time is making the situation worse

3 Feb 2022

Audit | Key issues for 2021 year-end audits

Kate Beeston ACA and Helen MacNeill FCA set out the key issues for 2021 year-end audits, which includes the continued impact of Covid-19, accounting estimates and future audit developments, including ISQM (UK) 1

19 Jan 2022

Audit | What will 2022 bring for audit and accountancy regulation?

Seismic shifts in the audit and accountancy regulatory landscape were set in motion last year, which are expected to continue to take shape and impact the sector during 2022 explain Julie Matheson, partner, and Lucinda Soon, lawyer in the regulatory team for accounting services at law firm Kingsley Napley LLP

17 Jan 2022

Audit | One in four audits need improvement, says ICAEW

A quarter of audits for non-listed company audits reviewed by the ICAEW were judged as sub standard, requiring improvement, according to the ICAEW

20 Dec 2021

Audit | Crowe named leading auditor in £30.7m charity audit market

For the thirteenth year, audit, tax, advisory and risk firm, Crowe, has been named the top charity auditor in Civil Society’s Charity Finance Audit Survey for 2021, followed by Big Four firms Deloitte and PwC

10 Dec 2021

Audit | Go-Ahead train operator delays audit sign-off

FTSE listed Go-Ahead Group plans to delay the release of its annual results for year end 2021 due to delays to the audit sign-off as a result of issues over grants to London & South Eastern Railway subsidiary

9 Dec 2021

Audit | FRC will focus on cashflow and fraud risks in audit inspections

The Financial Reporting Council (FRC) has set out its priorities for the next series of audit quality inspections with cashflow statements, and fraud and climate-related risks under the spotlight

6 Dec 2021