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The Financial Reporting Council (FRC) has handed out a fine of £1.3 million to KPMG and its former employee Stuart Peter James Smith for audit failings, after it concluded its investigation into the statutory audit of Luceco Plc's financial statements for the financial year ended 31

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank (TSB) a total of £48,650,000 for operational risk management and governance failures, including management of outsourcing risks, relating to the bank’s IT upgrade programme. Technical

The Financial Conduct Authority (FCA) has set out ways for mortgage firms to help customers worried about or already struggling with mortgage payments.

The Financial Reporting Council (FRC) has today reiterated the need for high-quality disclosures from companies during periods of economic uncertainty. To support more informed decision-making, companies must ensure that investors and other stakeholders receive reliable information about a company&r

The Financial Conduct Authority (FCA) has decided to fine Barclays a total of £50 million in relation to its failure to disclose certain arrangements agreed with Qatari entities as part of its capital raisings announced on 25 June 2008 and 31 October 2008 after finding conduct in the Octo

Labour has called for a Financial Conduct Authority (FCA) probe into the handling of the Mini Budget after hedge fund managers bet on the fall of the Pound vs the US Dollar, making big profits. The call from shadow city minister, Tulip Siddiq, came amid speculation that some hedge fund bos

The Financial Conduct Authority (FCA) has decided to impose a £306 million requirement on a takeover deal between Canadian software firm Dye and Durham (D&D) and Link Group. The decision follows announcements by Link Group to the Australian Securities Exchange and D&D to the Toron

The Financial Reporting Council (FRC) has released the 20th edition of its annual Key Facts and Trends (KFAT) report. This year's KFAT shows that membership of the accountancy bodies continues to grow, with nearly 390,000 members in the UK and Republic of Ireland and over 590,000 members worldw

The Financial Conduct Authority (FCA) has issued a warning against loan fee fraud. Enquiries into the FCA’s contact centre about all types of scams were up 24% as a whole in June 2022 from a year earlier. In particular, reported loan fee fraud scams into the FCA’s contact centre were up

The Financial Reporting Council (FRC) has launched a consultation on its draft proposals for how the new regulator, the Audit, reporting and Governance Authority (ARGA), should be funded.This follows the Government Response to its consultation on Restoring Trust in Audit and Corporate Governance, wh

The Financial Conduct Authority (FCA) has announce that it will regulate pre-paid funeral plans. The move comes following legislation passed by Parliament. The FCA is authorising 26 providers. Together these firms hold approximately 1.6 million plans, which make up 87% of the market.

The Executive Counsel of the Financial Reporting Council (FRC) has fined Grant Thornton UK a total of £520,000 in relation to its statutory audits of the financial statements of Sports Direct International (SDI) for the financial years ended 24 April 2016 and 29 April 2018. Sanctions have also

The Financial Reporting Council (FRC) has today published a Position Paper setting out the next steps to reform the UK’s audit and corporate governance framework. The paper follows the Government Response to the consultation on strengthening the UK’s Corporate Governance, Corporate Repor

The Financial Reporting Council (FRC) has today published comprehensive professional judgement guidance for auditors to improve how they exercise professional judgement. Professional judgement is key to high quality audit, however the FRC regularly identifies poor professional judgement as one of th

The Financial Conduct Authority (FCA) is today writing to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms