Corporate reporting

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

Corporate governance

Corporate reporting

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

Corporate governance

Corporate reporting

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

Corporate reporting

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

Corporate governance

Corporate reporting

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

Corporate governance

Corporate reporting

Audit | Greenpeace criticises rehire of auditors that ignore climate risks

Greenpeace has criticised FTSE 100 and FTSE 250 companies that continue to reappoint auditors that fail to address climate risks in their financial reports

30 Nov 2021

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

Corporate governance

Corporate reporting

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

Corporate reporting

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

Corporate reporting

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

Corporate reporting

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

Corporate reporting

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

Corporate reporting

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

Corporate reporting

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

Corporate reporting

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

Corporate reporting

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

Corporate reporting

Practice & Industry

Technical Alerts

Accountancy & Audit | IAASB publishes strategy plan for 2020 onwards

Accountancy & Audit | IASB to release Exposure Draft: Interest Rate Benchmark Reform—Phase 2

Accountancy & Audit | FRC consults on revised auditing standard for identifying and assessing risks of material misstatement

Accountancy & Audit | Revised ISA 315 to strengthen audit of material misstatement

Accountancy & Audit | FRC revises International Standard on quality control

Accountancy & Audit | FRC issues revised Client Asset Assurance Standard (CASS)

Accountancy & Audit | IAASB publishes ISA 540 (Revised) implementation support: audit client briefing

Direct Tax | IAASB seeks comment on proposed International Standards amendments

Accountancy & Audit | IASB publishes agenda papers

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