Menu

FRC

dailyinsight_1

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Field, chair of the work and pensions committee, wants an update from the Financial Reporting Council over its mainly unpublished but stinging report on PWC’s 2014 audit of Taveta.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 […]

Continue Reading
DailyInsightoncept

L&G chief leads FRC inquiry; tax goes simple(ish); Carillion clears

Another day, another Daily Insight. And yet another government inquiry! Sir John Kingman, ex-Treasury and now chairman of insurance group Legal & General, will lead a “root and branch” probe into the accounting watchdog, the FRC. At the heart of the investigation are the ways the Financial Reporting Council approaches conflicts of interests and transparency. […]

Continue Reading
DailyInsightoncept

Accounting watchdog under fire over FOI queries

The Financial Reporting Council is rarely out of the news… now the accounting watchdog is under fire for its apparent high rejection rate of freedom of information requests. According to its disclosure log (here), the FRC has answered only five of 51 queries it has had in five years. A quick glance through the log […]

Continue Reading
trent-erwin-338084

Daily Insight: Accountancy watchdog mulls audit expansion

The Financial Reporting Council is rarely out of the headlines these days… And it is now looking at broadening the scope of company audits to provide a bigger picture of a company with a “front to back” audit of its accounts and annual report. This, it believes, would appeal to shareholders and enhance their ever-dwindling […]

Continue Reading