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)

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

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

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

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

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

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

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

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

 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

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 

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