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Dutch regulator takes a hard line on audit integrity
Joint investigations lead to fines as AFM collaborates with US Public Company Accounting Oversight Board (PCAOB) and takes direct action against local firm.
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KPMG fined £690,000 for breaching independent audit rules
UK accounting watchdog imposes penalty on Big Four firm over “basic and fundamental” breaches of audit rules.
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OPINION: The dangers of cutting audit regulation
There have been growing calls from the UK’s financial services sector for cuts to audit regulation.
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Responding effectively to your CASS audit
Pushing forward with remediation should now be a priority for CASS personnel.
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EY fined and reprimanded for deficient Thomas Cook work
The travel group’s collapse in 2019 resulted in job losses, closure of stores and repatriation of 140,000 travellers.
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FRC sanctions PwC for Wyelands Bank audit failures
Breaches of requirements were the result of the failure of the audit team to properly understand the bank’s lending and adequately consider the risks underlying its business model.
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Failed fintech Stenn took millions from Serbian groups aping blue-chips
Documents show HSBC uncovered ‘extensive and systemic’ invoice issues at UK start-up.
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Five internal audit resolutions for 2025
As regulations are scaled back, internal audit should articulate why this doesn’t offer a license for reducing resources, but an opportunity to recalibrate their focus.