All the updated news related to financial reporting council (frc)

All the news related to financial reporting council (frc) updated in real time

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City

Audit watchdog ‘in poor state’, says candidate for chair

The Government’s candidate to lead the Financial Reporting Council (FRC) has said that the situation at the top of the regulator is in “a pretty poor state”. Businessman Sir Jan du Plessis said that he would address the governance of the auditing ...

25 Jan 2022 at 13:55

City

PwC fined over Kier Group and Galliford Try audits

Audit giant PwC and one of its employees have been fined a combined £3.1 million for mistakes that forced construction giant Galliford Try to restate its finances by tens of millions of pounds. The two were also fined another £2.1 million for ...

07 Jun 2022 at 09:25

City

KPMG fined almost £1.5m over M&C Saatchi audit failures

KPMG has been fined almost £1.5 million by the UK accounting watchdog over its audit of advertising firm M&C Saatchi. The Financial Reporting Council (FRC) announced the sanctions against the big-four financial firm and auditor Adrian Wilcox ...

04 Mar 2024 at 16:32

City

KPMG and auditor hit with £910,000 in fines after Revolution Bars failures

Auditing giant KPMG and one of its former staff have been hit with fines totalling £910,000 after mistakes they made when checking the accounts of Revolution Bars. The Financial Reporting Council (FRC) said that the auditors had missed ...

08 Mar 2022 at 10:25

City

PwC hit with £5.6m fine for ‘serious failures’ over Babcock audit

Accounting giant PwC has been slapped with a £5.6 million fine by the UK’s auditing regulator over serious failures in handling the accounts of defence company Babcock. The Financial Reporting Council (FRC) said that PwC has been ...

08 Mar 2023 at 12:04

City

PwC fined £2.9m over audit of Sanjeev Gupta’s Wyelands Bank

PwC has been fined £2.9 million by the UK accounting watchdog over its audit of Sanjeev Gupta’s collapsed Wyelands Bank. The Financial Reporting Council (FRC) said on Tuesday that there were “serious failings” by the Big Four ...

25 Mar 2025 at 11:17

City

KPMG fined for misleading regulator about Carillion audit

Auditing giant KPMG will pay £18.35 million over the potentially conniving behaviour of some of its former staff when they reported to regulators on their audit of collapsed outsourcing firm Carillion. The Financial ...

25 Jul 2022 at 09:09

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