Financial and Accounting News

• June 29, 2022 Ernst & Young Auditors Caught Cheating on Ethics Exam The S.E.C. said the cheating involved hundreds of the firm’s workers from 2017 to 2021, resulting in the largest penalty ever imposed by the agency against an auditing firm.
• June 29, 2022 8 Tips for Choosing a Loan Lender Finding a reliable and trustworthy lender can be difficult, especially if you are not familiar with the lending industry. There are many things to consider while choosing a lender, and it's vital to make sure you find a ...
• December 30, 2021 KPMG Replaces EY as the Insurance Giant’s New External Auditor The FTSE 100 Listed Phoenix Group Holdings plc has decided to replace EY with KPMG for the financial year ended December 31, 2024 The big four firm EY has been the company’s auditor since 2018 so technically was in a ...
• November 1, 2021 BDO Replaces PwC as Auditor of Sanderson Design Group AIM listed furnishings group Sanderson Design Group has appointed BDO as its new auditor. BDO replaced the big four firm PwC as the group’s new external auditor  The furnishing group’s decision to appoint BDO as ...
• August 9, 2021 Charity Commission Announces Inquiry into Care4Calais The Charity Commission recently announced an inquiry into the finances of aid charity Care4Calais due to serious governance concerns.  The Commission has said that the extent of the scope of the inquiry may ...
• August 8, 2021 4 Ways to Use Technology to Achieve Financial Independence There’s a lot that goes into achieving financial independence. Aside from ensuring that you have a steady source of income, you should also make sure that you know how to expertly manage your money. Unfortunately, not e ...
• July 29, 2021 BDO Replaces KPMG as the New Auditor of Caledonia Investments Caledonia Investments plc has replaced the Big Four firm KPMG with audit and accountancy firm BDO as its new external auditor.  The investment company’s decision to appoint BDO as its new auditor comes after i ...
• July 28, 2021 HMRC provides Clarity on Penalty Regime for Deferred Value Added Tax HMRC has confirmed that the penalty regime related to non-payment of Value Added Tax (VAT) due to the deferred VAT scheme is now in place. The said VAT scheme was introduced at the beginning of the COVID-19 pandemic.  ...
• June 26, 2021 Rentokil Replaces KPMG with PwC as its Auditor Listed pest control company Rentokil has dropped the Big Four Firm KPMG as its auditors only after four years since the last audit tender. KPMG had been Rentokil’s auditor since 2009, and the audit firm was reappointed i ...
• May 24, 2021 IAASB Issues Revised Work Plan for the Remainder of 2021 The International Auditing and Assurance Standards Board (IAASB), after consultations with the Public Interest Oversight Board, has issued a revised plan for the remainder of the current year. The IAASB has ...