
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 published today by the Audit Reform Lab, based at the University of Sheffield, reveals the scale of poor standards and conflicts of interest in the UK audit industry.
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 Financial Reporting Council,...
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 of interest and weak regulation.
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 troubling involvement in the Silentnight sale. The watchdog has reported a record year of financial sanctions and cases resolved in its fourth annual enforcement review.
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 2018 and prompted a...
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 250 of the largest publicly traded companies in the U.K. that collapsed between 2010 and 2022.
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 only represented a major proportion of this year’s figure but follows on from last year’s annual enforcement review where the Big Four firm faced a £20m sanction.
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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