Hints and tips:
Related Special Reports
...Ashton of the QCA said: “Quality counts, undoubtedly, and the FRC has made driving up audit quality one of its key focuses for several years now — with notable success....
...It said its audit committee believed sticking with KPMG would “aid a smooth transition and ensure continued audit quality”. It means Deloitte will miss out on significant fees....
...“Our quality and compliance department conducts thorough environmental, quality and other internal audits, throughout the year,” the company said....
...The US Federal Aviation Administration has launched an investigation, and an audit of Boeing and supplier Spirit AeroSystems found “multiple instances” of failure to comply with manufacturing quality controls...
...EY, which had been Wirecard’s auditor for close to a decade, had issued unqualified audit opinions....
...The NAO said the Department for Education should monitor the impact of the new entitlement on the availability and quality of places for disadvantaged children or those with special educational needs and...
...It cited “significant concerns regarding potential alleged deficiencies” in PwC’s systems of quality management and the quality of its audit work for Evergrande, the Chinese territory’s Accounting and Financial...
...“I would characterise them as technical violations,” said Dennis McGowan, vice-president of the Center for Audit Quality, which represents large US accounting firms....
...“KPMG’s audit did not meet the required quality standards in a number of respects amounting to serious audit failings and breaches of audit standards,” said Claudia Mortimore, deputy executive counsel at...
...The Financial Reporting Council, the audit regulator, has rightly focused on quality in recent years. It helps no one to have cheap but low-quality audits....
...Germany’s audit watchdog Apas last year banned EY from taking on new listed audit clients for two years and levied a €500,000 fine over alleged flaws in its audits of Wirecard, which collapsed in June 2020...
...Whitaker said the plan should incorporate the findings of an expert panel and the FAA’s ongoing audit of the company’s manufacturing and quality processes....
...Building off Watson and Martin Hickman’s book Dial M for Murdoch: News Corporation and the Corruption of Britain, the Lincoln Center production re-teams Rogers with Bartlett Sher, who directed his Tony award-winner...
...“The quality of the audit is important,” Peters said....
...“We are still a long way from a truly competitive audit market that drives quality and choice.” Rapson said the FRC played “an important part in improving competition and quality for smaller firms”....
...The FAA has blocked Boeing from increasing its production rate for the jets and launched an audit of the company’s manufacturing and quality processes....
...The PCAOB, which was gutted under Trump, provides daily-updated files on the accounting firms and Form APs required for each audit report issued....
...quality of audits of some retirement plans....
...A US Federal Aviation Administration audit of Boeing has found “multiple instances” where it allegedly failed to meet manufacturing and quality control requirements....
...The Care Quality Commission, the industry regulator, has closed 816 care homes between 2011-2023, of which 804 were for-profit facilities, according to an analysis of the CQC data by a team at Oxford, Michigan...
...The Financial Reporting Council has since said that Grant Thornton’s audit quality has improved....
...He also said there had been a “significant improvement in audit quality” over the past five years, adding: “We’re not anti-regulation....
...The US Federal Aviation Administration said its audit of Boeing and supplier Spirit AeroSystems found “multiple instances” where the companies allegedly failed to comply with quality requirements for manufacturing...
...Gomersall will focus on deciding whether the firm should now take on a greater number of PIE audits after the Financial Reporting Council said last year that its audit quality had improved....
International Edition