US watchdog’s chief accountant speaks to ICAEW

Boosting audit quality is vital to global economic progress, according to Wesley Bricker, chief accountant at the US’s financial watchdog, the Securities and Exchange Commission. Wesley’s talk on “The intersection of financial reporting and innovation” at ICAEW in London last week was right on the mark … and the full text of his lecture can be found […]

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MP presses FRC on PWC audit of BHS

More Big Four woes. MP Frank Field, chair of the work and pensions committee, wants an update from the Financial Reporting Council over its mainly unpublished but stinging report on PWC’s 2014 audit of Taveta. That’s the one that included auditors signing off Philip Green’s BHS as a “going concern” days before its sale for […]

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Measures to bring the Big Four to order

The latest shenanigans involving the Big Four audit firms have prompted a former, longstanding member of the US Public Company Accounting Oversight Board to join the debate over what should/can be done about these groups’ increasingly unpleasant grip on the market. Rarely a day goes by when there isn’t a headline about an alleged blunder […]

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