The Latest Breaking News from FRC

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

The Financial Reporting Council first launched an investigation into the Big Four auditor in 2018.

Mike Ashley’s business snatched retailer from jaws of administrators for £26.8 million

The Financial Reporting Council also fined audit partner Richard Hughes £42,000 over the work

Treatment of debt adjustments not treated with ‘necessary professional scepticism’

Accounting firm failed to act with ‘requisite professional scepticism’, says FRC

Audit partner Richard Hughes has also been fined £42,000 by the Financial Reporting Council

Banks benefit from rising interest rates as they enjoy higher interest margins. However, not all bank stocks are well-positioned to capitalize on the rising interest rate environment. Despite the industry tailwinds, weak profitability, and higher-than-industry valuation of First Republic Bank (FRC), Signature Bank (SBNY), Webster Financial (WBS), and SVB Financial…

Forty lawmakers are calling on the IRS and the Treasury to investigate Tony Perkins' Family Research Council

As the stock market has been suffering due to surging inflation and increasing odds of a recession, we think it could be difficult for fundamentally weak bank stocks First Republic Bank (FRC), Prosperity Bancshares (PB), and Pathward Financial (CASH) to remain resilient. So, it could be wise to avoid these…

Auditor submitted ‘false and misleading information and documents’ relating to collapsed construction firm Carillion