Audit Industry Failures UK: 75% of Bust Companies Unflagged
2024年5月21日 · New analysis shows that auditors failed to warn about 3 out of 4 of the UK’s largest publicly traded companies that collapsed between 2010 and 2022. New research …
Carillion: Record fine for KPMG over 'exceptional' failure
2023年10月12日 · Auditing giant KPMG has been handed a record fine over "exceptional" failures in its accounting work for Carillion, the construction giant which collapsed in 2018. The …
Firms fined record £33.2m for audit failures - Accountancy Daily
2024年1月11日 · Poor performance by audit firms led to the regulator issuing record fines of £33.2m for audit misconduct in 2022-23, up slightly from £32.8m the previous year
UK auditers failed to warn on 75% of major bankruptcies
2024年5月20日 · Britain’s audit industry failed to issue warnings over three quarters of bankrupcies of listed UK firms over the last decade, a study said Monday, slamming conflicts …
Big firm audit failures rack up £46.5m in fines - AccountingWEB
2022年7月28日 · Big audit firms have received fines totalling £46.5m over the past 12 months from the accountancy regulator, with KPMG being the recipient of the largest sanction for its …
KPMG hit with record fine for 'textbook failure' in Carillion audits
2023年10月12日 · Britain's accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a "textbook failure" in audits of Carillion, the builder that imploded in …
KPMG handed record fine over audit failures in Carillion demise
2023年10月12日 · The Financial Reporting Council (FRC) has imposed a historic fine of £21 million on KPMG for its audits of Carillion, the government contractor that collapsed in 2018.
75% of UK audits failed to raise alarm before collapses
2024年5月21日 · U.K. auditors are failing to perform their core function, according to a report published Sunday. The Audit Reform Lab, a think tank at the University of Sheffield, analyzed …
Firms hit with £48.2m sanctions for audit failures
2024年7月25日 · KPMG received a £2.25m sanction (adjusted to £1.46m) for M&C Saatchi audit failure. The £30.6m sanction against KPMG and two former audit engagement partners not …
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2025年3月25日 · Big Four firm admits it failed to recognise risks posed by bank’s loans to steel magnate’s wider business empire