Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Boris Johnson sacks Michael Gove as even allies tell him ‘game’s up’
    • Federal Reserve officials warn entrenched inflation poses ‘significant risk’
    • New Covid variants threaten China’s mRNA vaccine hopes
    • US and UK intelligence chiefs call for vigilance on China’s industrial spies
    • Boris Johnson’s replacement: runners and riders
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Federal Reserve officials warn entrenched inflation poses ‘significant risk’
    • America’s unending horizon of mass shootings
    • Crypto collapse reverberates widely among black American investors
    • US retailers ditch talk of ‘Roaring Twenties’ boom amid consumer pinch
    • Judge holds Cushman & Wakefield in contempt in New York Trump probe
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • French state plans to take full control of EDF
    • US retailers ditch talk of ‘Roaring Twenties’ boom amid consumer pinch
    • EY boosts accountancy title inflation by dubbing senior staff ‘partner’
    • BA to cut another 10,300 flights escalating airline disruption
    • KPMG’s business in UAE split by partner infighting and coup attempt
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
    Most Read
    • Live news updates: Samsung profits miss forecasts as inflation dents demand
    • Live news updates: More than 30 members of UK government quit, heaping pressure on Boris Johnson
    • Treasury yields rise after Fed minutes show inflation concern
    • Pound traders look past UK political turmoil
    • US bond market flashes warning signal of economic slowdown
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • America’s unending horizon of mass shootings
    • Boris Johnson’s era is at an end as Tories rush for the exit
    • It’s over for Boris Johnson as Tories rush to save themselves
    • Why Eric Schmidt believes bioscience will change the world
    • The departure of Boris Johnson is long overdue
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Michael Lewis: ‘The thing that really works for Trump is: the system’s rigged’
    • Meet the founders with the boomerang factor
    • Pop-up leaders and flexible staff are ready for a new crisis
    • British Rail: A New History — a timely reminder of how to run a railway
    • Help truly wanted, even if you’ve been in jail
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Chess: Nepo wins Candidates again as Carlsen asks for new world title format
    • Why Eric Schmidt believes bioscience will change the world
    • The fantastic spending habits of Mr Roald Dahl
    • Thor: Love and Thunder film review — a droll Marvel sequel aware of its own absurdity
    • Hot property: five homes for sale in the Pacific Northwest
  • HTSI
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • HTSI
Financial Times
SubscribeSign In

Your guide to a disrupted world

Start a 4-week trial

Financial Reporting Council

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Monday, 4 July, 2022
    Howard Davies
    Levelling up needs Conservatives to go back to the future

    The UK government should stop half measures and recreate an Audit Commission that can deliver reliable data on local authorities

  • Thursday, 16 June, 2022
    FRC chair promises new boardroom audit rules for UK companies

    Sir Jan du Plessis says government ‘missed opportunity’ by dropping proposed oversight rules

  • Tuesday, 7 June, 2022
    PwC
    PwC fined £5mn over audits of London-listed construction groups

    UK regulator hands out penalties for failings on accounts of Kier and Galliford Try

  • Monday, 30 May, 2022
    Corporate governance
    UK ministers bow to pressure to water down audit and boardroom reforms

    Decision to omit Sarbanes-Oxley type rules draws criticism from head of audit regulator

  • Wednesday, 18 May, 2022
    UK financial regulation
    Big Four accountancy fines could in future go to UK state coffers

    Industry bodies which have received £50mn in recent penalties say they are open to reform

  • Friday, 13 May, 2022
    KPMG UK
    Junior KPMG auditor ‘should not lose his home’ for misleading regulator, says tribunal

    Lawyer argues penalties sought by FRC over Carillion audit are designed to ‘destroy’ accountant’s life

  • Thursday, 12 May, 2022
    KPMG UK
    KPMG faces £14.4mn fine for misleading UK regulators over Carillion audit

    Tribunal finds five defendants guilty of misconduct after hearing auditors created ‘false documents’

  • Wednesday, 4 May, 2022
    Sanjeev Gupta
    King & King’s audits of Sanjeev Gupta companies probed by UK regulator

    FRC investigates four audits by little-known firm used by metals magnate

  • Sunday, 1 May, 2022
    Head of UK audit regulator in frame to chair HS2

    Sir Jon Thompson’s departure would create fresh upheaval at audit watchdog say executives

  • Thursday, 28 April, 2022
    Corporate governance
    Dropping of UK audit bill from Queen’s Speech comes under fire

    Government criticised after fresh delay to long-promised reform of accounting and corporate governance

  • Thursday, 28 April, 2022
    Helen Thomas
    Ditching UK audit reform would be an embarrassing mistake

    Government must fix the basics of how the market is overseen even if it fails to institute radical change

  • Thursday, 21 April, 2022
    Deloitte LLP
    Deloitte hit with £2mn fine after rule breaches over Mitie

    UK accounting regulator says Big Four firm failed in its audit of outsourcing group Mitie

  • Monday, 18 April, 2022
    News in-depthUK outsourcing
    Construction and outsourcing groups still prone to audit failures

    Four years after Carillion’s collapse, many rivals have attracted attention of accounting regulator

  • Tuesday, 12 April, 2022
    Deloitte LLP
    Deloitte under investigation by UK accounting regulator over Go-Ahead audits

    Transport group’s shares were temporarily suspended in January after it missed deadline for filing results

  • Monday, 11 April, 2022
    Accountancy
    UK regulator to reclaim powers to strike off accounting firms

    Move aimed to bolster FRC’s control over auditors after sector criticised over failure to uphold standards

  • Tuesday, 8 March, 2022
    KPMG UK
    KPMG fined again for audit shortcomings

    Penalty and reprimand from regulator over work at Revolution Bars, the latest in series of failings by the Big Four firm

  • Monday, 28 February, 2022
    Corporate governance
    Auditors warn of ‘organisational culture crisis’ at UK companies

    Head of accounting regulator says ‘right tone from the top’ can help avoid Carillion-style failures

  • Thursday, 10 February, 2022
    GFG Alliance
    UK accounting regulator to probe auditor of Sanjeev Gupta’s Liberty Commodities

    HW Fisher has been auditing metals trading business since the late 1990s

  • Monday, 7 February, 2022
    PwC
    PwC probed over audits of UK construction contractors

    Cases add to growing list of investigations into work by the Big Four accounting firms

  • Tuesday, 25 January, 2022
    Incoming chair of UK accounting watchdog commits to shake-up within months

    Nominee Sir Jan du Plessis tells MPs the Financial Reporting Council’s governance was ‘not good enough’

  • Wednesday, 19 January, 2022
    KPMG UK
    Regulator fines KPMG £3m for audit failings at collapsed retailer

    Penalty for its Conviviality work is second set of sanctions against firm in as many days

  • Tuesday, 18 January, 2022
    KPMG UK
    KPMG auditor fined and banned for misleading watchdog inspectors

    Tribunal hears allegations about accounting firm staff backdating documents during review of Regenersis audit

  • Monday, 17 January, 2022
    Accountancy
    KPMG partner said he was unaware of alleged forgery of Carillion audit documents

    Peter Meehan described being ‘shocked and angry’ after his suspension from accounting firm

  • Monday, 17 January, 2022
    PwC
    UK accounting regulator extends probe into PwC over Babcock audits

    Watchdog to investigate defence contractor’s accounts of 2019 and 2020 as well as 2017 and 2018

  • Wednesday, 12 January, 2022
    KPMG UK
    Junior KPMG auditor in Carillion case unaware he was doing anything wrong, tribunal hears

    Regulator alleges six KPMG staff ‘fabricated’ documents after questions from its inspectors about audit of UK outsourcer

Previous page You are on page 1 Next page

Topics related to Govt/public service/NGO

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

Community & Events

FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

Subscribe for full access
  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • HTSI
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Community
    • FT Live
    • FT Forums
    • Board Director Programme
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In