Announced Monday, the Financial Reporting Council (FRC) has fined the King’s KPMG £2,250,000 ($2.9 million […]
Tag: Financial Reporting Council
Grant Thornton Gets Downgraded to a Tier 2 Firm, That’s Probably a Good Thing
In September we were tipped to a developing situation at US mid-tier audit firms in […]
As KPMG UK Gets Hit With a Record Fine, the Boss Admits the Auditing Was “Very Bad”
The saga of KPMG and collapsed client Carillion has finally come to a close with […]
KPMG Got Extra Roasted By the FRC Thanks to the Firm’s “Poor Disciplinary Record”
Both KPMG and PwC have been fined by the Financial Reporting Council (FRC) in relation […]
UK Audit Regulator Chair Says Cheap-Ass Firms Should Pay Their Junior Auditors Better
Financial Reporting Council chair and stereotypically European named Jan du Plessis has told the Financial […]
Professor Accuses Professional Accountant Body of Hoarding Fines Like Smaug Hoards Gold
It appears the Institute of Chartered Accountants in England and Wales (ICAEW) has finally pushed […]
The King’s KPMG Gets Fined for Rookie Mistakes
Another day, another Financial Reporting Council fine for KPMG. This time it is related to […]
Head Regulator Said He’ll Break Out the World’s Smallest Violin For Auditors Crying About Tougher Regulation
Financial Times has reported that Financial Reporting Council head Sir Jon Thompson — who last year […]
PwC UK Fined £7.5 Million For Faking Evidence and Other Such Terrible Auditing of a Government Contractor
The Financial Reporting Council has fined PwC £7.5 million ($8.9 million USD) for work related […]
Getting Tough on Mid-Tier Firms Will Only Cement the Big 4 Oligopoly, Says Audit Partner Whose Firm Needs to Git Gud
Much like here in the U.S. with the PCAOB, the Financial Reporting Council across the […]
The Most-Fined Big 4 Firm in the UK is Raising Audit Fees, Knows Clients Will Complain About It
Bloomberg reported today that KPMG UK CEO Jon Holt told them the firm plans to […]
Deloitte UK Got a 27.5% Discount on Audit Fines For Admitting They Screwed Up
That sound you hear? It’s KPMG leadership breathing a heavy sigh of relief for not […]