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Richard Moriarty says Financial Reporting Council’s priority is high-quality audits and competition is not ‘an end in itself’
Accounting watchdog says move designed to protect ‘economic growth and competitiveness’
UK accounting watchdog imposes penalty on Big Four firm over serious failings in UK contractor audit
Pledge by shadow business secretary follows legislative delays and rash of company scandals
Response to proposed update of UK corporate governance code criticises failure to formalise role of general counsel
Government proposals designed to address backlog of more than 500 financial statements from public bodies
Overhaul of accounting regulation and corporate governance is facing fresh delay
Move to close potential loophole on how much income can be generated from a client
Financial Reporting Council in the process of making significant reforms to improve auditing
Financial Reporting Council’s annual review reveals challenge midsized firms face in taking on Big Four
UK watchdog also imposes penalty on two partners following three-year investigation
Chair of regulator defends tough stance on standards and says firms have resources to raise wages
Regulators propose overhaul of corporate governance code following audit scandals
Big Four firm probed over work on clothing retailer’s accounts
Big Four firm has paid £69mn of penalties over five years, far more than rivals
UK accounting regulator investigates Big Four firm’s 2021 review of failed group’s accounts
FRC’s Jon Thompson made comments during meeting at City of London law firm earlier this year
£5.6mn penalty is Big Four firm’s fourth in past year
Fifth live investigation launched into firm’s audits of UK companies
Stricter oversight raises standards but competitors argue it also creates barriers to entry
UK audit watchdog chief takes over as government attempts to rein in rail link’s costs
UK watchdog examines Big Four firm’s work on Veolia-owned company
Firm and one of its partners ordered to pay more than £1mn for failures in 2015 and 2016 audits
FRC says it does not believe problem is systemic after revealing instances of misconduct
FRC chair Sir Jan du Plessis warns shake-up may boost ‘comfort of private equity’ for companies
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