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Topic: Audit

FRC fines Grant Thornton £2.3m over “pattern of serious lapses”

The UK accounting regulator found that Grant Thornton and a current partner at the firm committed a series of breaches during audits of café chain Patisserie Valerie’s parent company, which collapsed in 2019 amid allegations of fraud.

27 September 2021

French court confirms Bloomberg punishment for false reporting

The Paris Court of Appeals has upheld a decision by France’s market regulator to penalise US media company Bloomberg for reporting false accounting information about construction company Vinci, but it reduced the fine by €2 million.

17 September 2021

KPMG reaches Malaysian settlement over 1MDB work

17 September 2021

EPPO and European Court of Auditors boost cooperation

06 September 2021

FRC accuses KPMG and employees of misconduct during audit inspections

The UK’s accountancy regulator has accused KPMG of misleading reviews into audits of collapsed outsourcing company Carillion and data management company Regenersis.

01 September 2021

UK accountancy regulator dings EY over audit breaches

25 August 2021

Watchstone prepares to sue KPMG over audit

16 August 2021

German court rejects attempt to publish EY Wirecard audit report

13 August 2021

SEC fines EY and partners for obtaining confidential information

03 August 2021

FRC enforcement staffing grows significantly

The UK’s accounting regulator says that it has significantly bolstered its enforcement division over the past year to speed up investigations.

29 July 2021