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The Latest Breaking News from FRC

Labor says the Coalition has a plan to expand the cashless debit card to age pensioners. Is there any evidence?

From humble beginnings, a campaign driven by Labor MPs has grown, implying the Coalition has a plan to expand the cashless debit card to age pensioners. Is there any evidence, or is it a scare campaign?

KPMG fined £1.25m over 'serious' Revolution Bars Group audit failures

KPMG fined £1.25m over 'serious' Revolution Bars Group audit failures

Both the fines for KPMG and a former director have been reduced

Birmingham Post

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

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’.

Evening Standard

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read the most diverse news in one place.

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Ominous Death Cross Forms On First Republic Bank's Chart

If history is any guide, there may be trouble ahead for shares of First Republic Bank (NYSE:FRC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

KPMG hit with £3 million fine over Conviviality collapse in latest audit scandal

The boss of KPMG UK was today forced to apologise after the accounting watchdog fined the auditor £3 million for “serious” failings with its work on collapsed drinks business Conviviality.

Evening Standard

KPMG fined £3m for ‘serious failings’ in Conviviality audit

Accountant also reprimanded severely for failing to check firm’s claims in latest blow to reputation

The Guardian - UK

Carillion tribunal: KPMG ex-partner denies forging documents

Evidence focuses on KPMG’s ‘misleading’ disclosures about audit of company that collapsed in 2018

The Guardian - UK

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Watchdog extends probe into PwC audit of defence giant Babcock

Watchdog extends probe into PwC audit of defence giant Babcock

Financial Reporting Council wants to see accounts for 2019 and 2020 as part of investigation into audit of operator of Devonport and Rosyth dockyards

Birmingham Post

PwC faces extended FRC investigation into Babcock audit work

PwC faces extended FRC investigation into Babcock audit work

A probe into PwC’s work with Babcock has been extended after the defence giant was forced to take major write-downs last year.

Evening Standard

Watchdog extends investigation into PwC’s audits of defence firm Babcock

Watchdog extends investigation into PwC’s audits of defence firm Babcock

The move comes after Babcock announced a review into contract profitability and its balance sheet last year.

The Independent UK

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