Accountancy

finance concept, business man analyze graph chart with using calculator and computer laptop for profit forecast in the future.
Accountancy 24-03-2020

How to Plan Your Financial Future

Financial planning is an incredibly important skill and one which could have an enormous impact on your life in both the short and long-term. Despite its importance, financial planning is an area that many people struggle with because it is not taught in schools and many people never take the time to learn how to […]

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Accountancy 27-07-2019

 The Different Rounds of Startup Funding

 The Different Rounds of Startup Funding Whilst so-called Brexiters may continue to suggest that the UK has nothing to fear outside of the European Union, it’s fair to say that the vast majority of the business community do not share this sense of optimism. In fact, the prospect of a disorderly Brexit is having a […]

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Accountancy 03-07-2018

KPMG’s audit of Conviviality the subject of watchdog probe

The Financial Reporting Council announced today they are launching an investigation into the work performed by KPMG in auditing collapsed drinks supplier Conviviality. The accountancy watchdog will also look into a member from the Institute of Chartered Accountants in England and Wales in regards to the preparation and approval of the company’s financial statements. The […]

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Accountancy 14-06-2018

PwC hit with record fine, partner banned for BHS audit

Big four accountant PricewaterhouseCoopers is facing a record-breaking fine after investigation from the Financial Reporting Council. The giant was given a fine of £10 million for their handling of troubled retailer BHS, which was dropped to £6.5 million upon settlement from PwC. Additionally, PwC senior partner Steve Denison was given a 15-year ban from auditing, […]

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Accountancy 13-06-2018

KPMG dealt £3.2m fine for Quindell audit misconduct

The Financial Reporting Council (FRC) has hit ‘big four’ accountancy firm KPMG with a significant fine for its actions relating to their Quindell audit. The fine was originally set at £4.5 million, but was discounted to £3.2 million on settlement by the firm. Insurance software company Quindell, now renamed to Watchstone, had been the subject […]

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Accountancy 31-05-2018

Financial Reporting Council files official complaint against Deloitte over Autonomy audit

Deloitte has been hit with formal action relating to practices used while auditing British IT company Autonomy between 2009 and 2011. The complaint, which includes Deloitte auditors Richard Knights and Nigel Mercer, states that the conduct used during the audit was ‘significantly short of the standards reasonably to be expected’. The investigation into Deloitte’s audit […]

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