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The Latest Breaking News from Financial Reporting Council

Deloitte under investigation over audit for retailer Joules

Financial Reporting Council to look at group’s 2021 accounts, a year before it went into administration

The Guardian - UK

Investigation into PwC audit of collapsed shopping centre group Intu

Accountancy giant says it will cooperate fully with Financial Reporting Council

Insider UK

Investigation launched into PwC audit of failed shopping centre group Intu

A probe has been launched into the accounting giant's auditing of Intu accounts for the years 2017 and 2018

Birmingham Post

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Grant Thornton fined £1.3m for ‘serious failings’ in Sports Direct audits

Financial Reporting Council penalises auditor and former partner at firm over work in 2016 and 2018

The Guardian - UK

UK Government confirms plans to tackle dominance of audit 'Big Four'

A new regulator is set to be introduced to avoid the sudden collapse of big companies

Insider UK

KPMG to be fined £14m for forging documents over Carillion audit

Regulator confirms settlement after former staff falsified material over audits of Carillion and Regenesis

The Guardian - UK

Deloitte fined £1.45m by watchdog over Mitie Group audit

The Financial Reporting Council also handed a £40,056 fine to John Charlton, who worked on the audit for the corporate finance firm.

The Independent UK

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Financial Reporting Council launches probe into Deloitte’s Go-Ahead audits

The investigation into Deloitte’s audit work will cover six years

Evening Standard

KPMG fined £1.3 million for ‘serious’ breaches over Revolution Bars audit

KPMG’s failings related to three areas, including one that the Financial Reporting Council had previously warned posed ‘particular audit risk’.

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