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First-hand testimony paints a picture of missed opportunities to uncover the fraud and a failure to understand a company EY audited for a decade
A forecast wave of post-pandemic business failures should prompt an overhaul
Regulator FRC claims accounting firm also withheld evidence from investigation that led to £13m fine
Auditors face rising reputational and legal risks in dealing with Chinese companies
But FRC’s Sir Jon Thompson raises doubts that planned accounting and governance overhaul would include UK version of Sarbanes-Oxley
More favourable metrics such as ‘underlying’ or ‘core’ profits often given too much prominence, says FRC
Transparency campaigners want companies suffering poor scrutiny to be identified
Accounting firm’s employees in America risk a pay cut if they move to locations with lower cost of living
Partners in line for £1m payout as clients unwind spending cuts and M&A booms
Grant Thornton’s ‘lack of competence’ over Patisserie Valerie shows why sector needs rebuilding from the bottom
Firm showed ‘serious lack of competence’ in its work on collapsed UK café chain, says Financial Reporting Council
Accounting regulator found instances where groups did not take account of significant events that could affect liquidity
Funding part of $10bn plan including training and fraud detection initiatives
Michelle Hinchliffe’s move to Anglo-Australian miner raises questions of independence
Henry O’Sullivan allegedly instructed local firm Citadelle Corporate Services to falsify a document
Financial Reporting Council makes formal complaint against accounting firm
New investment plans and strategies aim to tap sustainability boom but fears of backlash persist
A questioning mindset is key to auditing, yet lack of professional scepticism is a recurring criticism
Big Four firm and former partner receive severe reprimands from UK accounting watchdog
Capping UK market share would improve quality and competition
Ministers want to break dominance of largest accountancy firms and increase competition
Light-touch regulation raises concerns ahead of expected rush of work as pandemic business support is withdrawn
Country’s highest court has rejected an attempt to force the publication of an unredacted report
New FRC head will not be in place before current interim chief departs in October
Auditors have been slow to improve their work while the FRC faces criticism for being weak
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