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Baker Tilly Hong Kong quits Asian Citrus audit after failure to agree fee
Accountancy Age BAKER TILLY'S Hong Kong arm has resigned its audit of Asian Citrus Holdings Limited after an agreement could not be reached on the audit fee for the financial year ending 30 June 2016....
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KPMG picks up Great Western Mining audit
Accountancy Age AIM-LISTED mineral exploration company Great Western Mining has appointed KPMG as its auditors, commencing with the audit of its accounts for the year ended 31 December 2015. KPMG...
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Sweet win for PwC London as it takes on PureCircle audit
Accountancy Age LONDON-LISTED producer of "high purity stevia ingredients" PureCircle has appointed PwC London as its auditor for the financial year ending 30 June 2016. Stevia - a plant native to the...
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FRC considers plans to investigate KPMG over HBOS audit
Accountancy Age THE FRC has confirmed plans to "undertake preliminary enquiries" into launching an investigation into KPMG's work as auditors of HBOS prior to the bank's collapse in 2008, overturning...
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KPMG and PwC dominate listed audit market
Accountancy Age BIG FOUR rivals KPMG and PwC have dominated the listed audit market over the last decade, according to the 2015 corporate adviser ranking guide. Over the last ten years, KPMG has ousted...
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Izza 'disappointed' by government decision to raise audit exemption threshold
Accountancy Age CONCERNS over the quality of financial reports have gone unheeded as the government pressed ahead with raising the audit exemption threshold to its maximum level. ICAEW chief executive...
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Stagecoach set for EY audit appointment
Accountancy Age EY has been earmarked to take on FTSE 250 travel provider Stagecoach's audit from the financial year commencing in April 2016. Incumbent auditor PwC will undertake the external audit...
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FRC: Extended auditor reporting welcomed by investors
Accountancy Age EXTENDED AUDITOR REPORTING has allowed investors to glean far greater information and understanding of the state of their businesses, the FRC has found in its latest report. Auditors...
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Friday Afternoon Live: Google, tax and audit thresholds
Accountancy Age For more on Google's tax affairs and audit, click here and here.
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Firms criticised by MPs over failure to report 'scale of risk' carried by...
Accountancy Age THREE accountancy firms have been criticised by MPs for failing to report the scale of risk carried by charity Kids Company prior to its collapse into adminsitration last year. MPs in...
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Tyrie lays down gauntlet to FRC over HBOS probe
Accountancy Age INFLUENTIAL MP and chairman of the Treasury Select Committee Andrew Tyrie has laid down the gauntlet to the FRC over its handling of enquiries into KPMG's auditing of collapsed bank...
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Leader: Kids Company report delivers grim verdict on value of advisers
Accountancy Age THE COMEDIAN W.C. Fields is credited with the line, ‘never work with children or animals'. In the case of Kingston Smith, PKF Littlejohn and PwC the trope should read ‘never work with...
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Friday Afternoon Live: Kids Company report and Grant Thornton's strategy
Accountancy Age Click here for more on Kids Company and look out next week for news and analysis on Grant Thornton's strategy annoucement.
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FRC highlights flaws in audit engagement review processes
Accountancy Age THE FRC has expressed concerns that firms fail to maintain a consistently high standard of auditing, and highlighted the role of engagement quality control. A thematic review undertaken...
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KPMG appoints Adrian Stone as UK head of audit
Accountancy Age KPMG has appointed Adrian Stone as its UK head of audit with immediate effect, succeeding Tony Cates who now leads KPMG's international markets and government practice. Stone joined...
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Zenith Hygiene Group appoints PwC as auditors
Accountancy Age ZENITH Hygiene Group, the UK's largest independent manufacturer of cleaning and hygiene products, has indulged in an early spring clean of its audit function with the announcement that...
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Colin: PwC's squeaky clean audit
Accountancy Age Read about PwC's appointment as Zenith Hygiene auditors
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RSA appoints UK and Western Europe chief auditor
Accountancy Age INSURER RSA has promoted its group insurance risk director Dave Howell to the role of chief auditor for the UK and Western Europe, subject to regulatory approval. Howell will head up...
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FRC to avoid further changes to codes and standards
Accountancy Age THE FRC is to refrain from introducing further codes and standards between now and 2019, and instead focus on "bedding in" and fully implementing existing changes to the code....
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Compliance and tax issues could follow audit threshold rise
Accountancy Age THE RISE in the audit threshold could lead businesses to run into compliance and taxation issues, practitioners are warning. Last month, the government pressed ahead with raising the...
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Auto Trader swaps PwC for KPMG as auditor
Accountancy Age ONLINE car dealership Auto Trader has appointed KPMG as its auditor, it has been confirmed. PwC, which has been Auto Trader's auditor since 2004, will conduct the current year audit and...
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Friday Afternoon Live: Audit Thresholds and HMRC's Wiki fail
Accountancy Age For more, click here.
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Hospitals group Mediclinic appoints PwC as auditors
Accountancy Age PWC has won the audit of FTSE 250-listed hospital group Mediclinic. The UAE-headquartered group, which in October last year confirmed its merger with Al Noor Hospitals, confirmed PwC...
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NAO: Accounting officers champion ministers' interests over the public
Accountancy Age DEPARTMENTAL ACCOUNTING OFFICERS face far greater incentives to satisfy ministers rather than ensure value for money for taxpayers, according to a report from the National Audit Office....
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Moore Stephens Northern Ireland fined over Presbyterian Mutual Society audit
Accountancy Age MOORE STEPHENS' Northern Irish firm has been issued a £200,000 fine by the FRC over the audit of the financial statements of Presbyterian Mutual Society in 2007 and 2008. The fine -...
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Mandatory audit rotation 'further entrenches' Big Four
Accountancy Age THE MANDATORY ROTATION of auditors every ten years will further entrench the Big Four's domination of the market, according to an eminent audit partner at EY. Rather than the intended...
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Friday Afternoon Live: Mandatory audit rotation, digital tax and consulting
Accountancy Age For more, click here, here and here.
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Pace of audit improvement too slow, IFIAR tells top six networks
Accountancy Age THE SIX LARGEST GLOBAL NETWORK AUDITORS must make measurable improvements to their audit quality by 2019, according to the International Forum of Independent Audit Regulators (IFIAR)....
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KPMG to pick up FTSE 250 builder WS Atkins’ audit
Accountancy Age FTSE 250 builder WS Atkins has appointed KPMG as its auditor for the financial year ending 31 March 2018. A resolution to approve the appointment of KPMG will be put to shareholders at...
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