FRC says Big Four firm failed to evaluate impact of partner’s ‘long association’ with now-defunct travel company ...

The Financial Reporting Council identified failings related to EY's assessment of the firm's financial statements for 2017 ...

British watchdog the Financial Reporting Council said on Thursday it had fined the 'big four' accountancy firm EY 4.9 million ...

The fine was originally £6.5m, but was discounted by 25% 'for admissions and early disposal.' EY paid also paid the costs for ...

EY has been fined nearly £5 million for breaching auditing standards when it checked the accounts of Thomas Cook before the ...

Once the world’s oldest travel company, Thomas Cook collapsed in 2019 with £1.7bn [1] of debt, despite being given a clean ...

Britain’s accountancy watchdog is investigating BDO over its audit of Home Reit, a property fund providing accommodation to the homeless, which is winding down after a short seller accused it of ...

The UK’s accounting watchdog is reviewing the quality of Ernst & Young’s goodwill and going concern testing after fining the firm close to £4.9 million ($6.3 million) Thursday for its audits of ...

Negotiations to enable US accountants to practise in the UK, and vice versa, have stalled amid disagreements, including how ...

The Financial Reporting Council (FRC) imposed sanctions on EY and its audit engagement partner, Richard Wilson, over audits ...