FRC fines EY £4.9m over ‘failures’ on Thomas Cook audits
April 17, 2024
Six years after the collapse of Thomas Cook with £1.7 billion of debt, the Financial Reporting Council (FRC) has hit EY with a £4.9 million fine over …
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Can the FRC rescue its reputation?
It has become one of the most disparaged – and lampooned – regulatory institutions of this century.
The Financial Reporting Council’s (FRC) oversight of the audit profession has been dubbed everything from ramshackle to …
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Big Four fail in one in five audits
The world’s four biggest accounting firms have been exposed for botching at least 20% of their audits following an inspection by the Public Company Accounting Oversight Board (PCAOB).
In the most …
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