Financial Reporting Council
U.K. Proposes Reforms to Upgrade Audit Sector
“It's clear from large-scale collapses like Thomas Cook, Carillion and BHS that Britain's audit regime needs to be modernized."
Deloitte Fined Record $19M Over Audit Failures
A U.K. investigation found the Big Four firm liable for “serious and serial failures” in its audits of software firm Autonomy.
Deloitte to Create Independent Audit Board
The new board is part of Deloitte's plan to implement U.K. regulatory changes after a series of high-profile audit failures at Big Four accounting firms.
Big Four Heading for Audit Shakeup in U.K.
The U.K.'s accounting watchdog has asked the firms to submit a plan by Oct. 23 for separating their audit and consulting businesses.
PwC Fined Over Audit Failure
The company was fined $5.8 million over its audit of technology firm Redcentric.
U.K. Fines KPMG $4M for Audit Deficiencies
The firm admitted its audits of scandal-plagued Quindell plc fell “significantly short” of professional standards.
UK Watchdog Fines PwC $6.6M Over Audit
The record fine punishes PwC for "extensive" misconduct in its audit of professional services firm RSM Tenon.