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AICPA issues new standards for forensic accounting providers

  • Published: 12 Jul 2019

The American Institute of CPAs (AICPA) has released new professional standards for members who perform forensic services engagements. The Statement.... read more

UK government publishes draught legislation for Finance Bill 2019-20

  • Published: 11 Jul 2019

The UK government has published draft legislation for the next Finance Bill, including, among proposals from Budget 2018, the new digital services.... read more

Mazars slips backward says FRC

  • Published: 10 Jul 2019

The overall results of the FRC’s reviews of the Mazars’audits show worse results than the previous year, with two out of five assessed as requiring.... read more

BDO audit review shows performance unchanged

  • Published: 10 Jul 2019

Seven out of eight BDO audits reviewed by the FRC were assessed as requiring no more than limited improvements, the same as in 2017/18.. read more

KPMG shows significant improvement but ‘still has more to do’

  • Published: 10 Jul 2019

76% of KPMG’s audits reviewed by the FRC were deemed to require no more than limited improvements, compared with 61% in 2017/18. Of the FTSE 350.... read more

EY shows improvement in Audit Quality Review

  • Published: 10 Jul 2019

The FRC assessed 78% of EY’s audits that it reviewed as requiring no more than limited improvements, compared with 67% in 2017/18. Of the FTSE 350.... read more

‘Notable decline’ in PwC audit quality is ‘unsatisfactory’ says FRC

  • Published: 10 Jul 2019

The FRC assessed 77% of PwC’s audits that it reviewed as requiring no more than limited improvements, compared with 82% in 2017/18. The picture was.... read more

Deloitte scores 84% in FRC Audit Quality Review

  • Published: 10 Jul 2019

The FRC assessed 84% of Deloitte’s audits that it reviewed as requiring no more than limited improvements, compared with 76% in 2017/18. Of the.... read more

Eddie Stobart Logistics' earnings take a hit on adjustment

  • Published: 10 Jul 2019

Transport and logistics group Eddie Stobart Logistics is making a prior year adjustment to its results for the year to end-November 2018. Although.... read more

Audit Quality Review sees Grant Thornton under the FRC audit spotlight

  • Published: 10 Jul 2019

The UK Financial Reporting Council (FRC) is increasing its scrutiny of Grant Thornton following the latest round of audit inspections. At Grant.... read more

FASB seeks stakeholder input on intangibles and goodwill

  • Published: 9 Jul 2019

The US Financial Accounting Standards Board (FASB) has issued an Invitation to Comment seeking stakeholder input on the accounting for certain.... read more

Tax dodgers come clean among UK’s buy-to-let landlords

  • Published: 9 Jul 2019

The number of UK buy-to-let landlords admitting to not paying tax on their rental income has risen by 145% over the past year, increasing to 16,110.... read more

AICPA comments on US Treasury business expense proposals

  • Published: 9 Jul 2019

The American Institute of CPAs (AICPA) has made more than 20 recommendations to the US Treasury and Internal Revenue Service (IRS) about the.... read more

UK pensions schemes must improve or consolidate

  • Published: 8 Jul 2019

Proposals to reduce the number of poorly governed pension schemes have been outlined in a consultation launched by The Pensions Regulator (TPR)..... read more

UK inheritance tax under the spotlight for reform?

  • Published: 8 Jul 2019

The UK’s Office of Tax Simplification (OTS) has published a report on potential reforms to the country’s inheritance tax. Inheritance tax applies.... read more

FRC revises practice notes on financial sector audits

  • Published: 4 Jul 2019

The Financial reporting Council (FRC) has issued a revision of Practice Note 19: The audit of banks and building societies in the United Kingdom..... read more

Deloitte fined £4.2m over audit of Serco Geografix, SFO fines Serco £19.2m

  • Published: 4 Jul 2019

Deloitte has been fined £4.2m by the Financial Reporting Council (FRC) over  the audit of the financial statements of Serco subsidiary Serco.... read more

FCA proposes ban on sale of crypto-derivatives to retail consumers

  • Published: 3 Jul 2019

The UK’s Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded.... read more

US business leaders worry about risks of complex financial instruments

  • Published: 3 Jul 2019

Financial instruments are a growing presence on company balance sheets, and business executives say more market awareness is needed to prevent.... read more

Financial / non-financial reporting frameworks share common principles

  • Published: 2 Jul 2019

The world’s leading financial and non-financial corporate reporting frameworks have the same common foundations, based on the key objectives of.... read more


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