Auditing News

• August 31, 2020 Audit Fees for FTSE 100 Companies Hit £911m Fees for audit services at FTSE 100 companies reached a new high, totaling to £911m in 2019 compared to £892m in 2018. This increase in audit fees is mainly due to pressure exerted on firms by regulators and clients to ...
• August 29, 2020 PwC Declines Proposed Audit Role at Russian Gold Mining Company PwC has recently announced that it will not be able to accept its proposed appointment as external auditor to the Russian gold mining company Petropavlovsk, citing governance issues. The big four firm was selected ...
• March 4, 2020 BDO Replaces KPMG as the Logistics Firm External Auditor A logistics management specialist Wincanton has replaced KPMG with BDO as its new external auditor for the financial year ending March 31, 2021. The decision of appointing BDO as the company’s new external auditor ...
• December 28, 2019 KPMG has Replaced PwC as the New Auditor to the Broadcaster ITV FTSE 100 firm ITV has replaced KPMG with PwC as its external auditor for the financial year ending December 31, 2021. The decision of appointing PwC as ITV’s new auditor has been taken after the media group’s ...
• June 28, 2019 AJ BELL Replaces KPMG with BDO as its New External Auditor FTSE 250 Firm AJ Bell has appointed BDO as its new external auditor for the financial year ending September 30, 2020 replacing the big four firm KPMG after remaining in the said position for last 10 years. AJ Bell has ...
• May 16, 2019 AIM-listed Mining Company GoldStone Switches Auditor GoldStone Resources, a mining company with projects across western Africa, has switched its auditors. The mining company announced that Liverpool based DSG Accountancy and Business Services will be replaced by its existing ...
• May 13, 2019 New Study Reveals 55% of Public Believe Auditors’ could Prevent Company failures’ As per a recent survey conducted by the ACCA, 55% of the respondents expressed that auditors are the ones who are responsible for helping companies avoid failures. 70% of the participants of the survey said that the ...
• May 10, 2019 FRC Hands KPMG a £5m Fine over Co-Operative Bank’s Audit Failings The UK watchdog Financial Reporting Council (FRC) initially required KPMG to pay £5m as fine as well as to comply with additional requirements on its audits of credit institutions for at least next 3 years, for a ...
• May 6, 2019 IAASB Consults on Simplifying Auditing Standards for Small Entities with Less Complexities The International Auditing and Assurance Standards Board (IAASB) is expected to be planning towards simplifying the use of auditing standards for the audit of less complex business entities. The board has launched a ...
• May 6, 2019 Anglo American Replaces Deloitte with PwC as its External Auditor Multinational mining company Anglo American has replaced Deloitte with PwC as its new auditor. As a result of the decision made by Angelo American, PwC will take over the position of external auditor to the mining company ...