News August 2018



9 May 2019
The Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against MSR Partners LLP (formerly Moore Stephens LLP) and Stephen Corrall, Audit Engagement Partner, in relation to the statutory audit of the ...
News - Auditing - Discipline
8 May 2019
The Financial Reporting Council (FRC) has imposed sanctions against KPMG Audit Plc (KPMG) and its audit partner Andrew Walker, following their admission of Misconduct in relation to the audit of the financial statements of The Co-operative Bank plc (Co-op Bank) for the year en...
News - Discipline
7 May 2019
The Financial Reporting Council (FRC) announces that the Formal Complaint against Stephen Chamberlain, former Vice President of Finance of Autonomy Corporation plc, has been stayed pending the outcome of criminal charges, which include 15 counts of fraud, that he faces trial f...
News - Discipline
1 May 2019
The Financial Reporting Council (FRC) is today launching a consultation on revisions to the Standards for Investment Reporting (SIRs) 1000-5000 and on an exposure draft for a new SIR 6000 dealing with Quantified Financial Benefits Statements
News - Assurance - Auditing
30 April 2019
Sanctions have been levied against KPMG, its partner Mark Taylor, former partner Anthony Hulse and Douglas Morgan a former director of Equity Syndicate Management Limited (ESML), following investigations by the Financial Reporting Council (FRC). An independent Tribunal made fi...
News - Auditing - Discipline
29 April 2019
A hearing of the Disciplinary Tribunal of the Financial Reporting Council ("FRC") will commence on Tuesday 21 May 2019 at 10.00 am to consider a Formal Complaint against (1) KPMG Audit Plc, a member firm of the ICAEW and (2) Richard Hinton, a partner of KPMG Audit Plc and a me...
News - Audit Monitoring - Auditing
26 April 2019
The Joint Forum on Actuarial Regulation (JFAR) has today published its Risk Perspective: 2018 Update setting out its collective view on current risks to high quality actuarial work.
News - Actuarial - Risk
23 April 2019
The FRC has appointed Richard Lawrence to the Audit & Assurance Council from 1 April 2019.
News - Assurance - Auditing - Structure
18 April 2019
A FRC spokesperson said: “We welcome the CMA’s proposals to enable the UK audit market to work better in the interests of investors and other users of financial information. We also support the CMA’s objective that reform should drive audit quality and that the regulator s...
News - Auditing
15 April 2019
FRC confirms commitment to remit and agenda set out by Secretary of State
News - Structure