Hints and tips:
...“The admitted failings, which critically undermined KPMG’s approach to the audit of inventory at a retail entity, were rudimentary and should not have occurred,” said Claudia Mortimore, FRC deputy executive...
...The FRC was particularly concerned by PwC’s “lack of scepticism” and “failures to follow some basic audit requirements”, said Claudia Mortimore, FRC deputy executive counsel....
...It is essential that auditors are alive to the risks of companies’ non-compliance with laws and regulations, and conduct work in this area with care and sufficient professional scepticism,” said Claudia Mortimore...
...“Rigorous auditing of long-term contract accounting is particularly important in the audit of construction companies, where many contracts are spread over a number of years,” said Claudia Mortimore, the...
...of goodwill is conducted properly and the disclosures are sufficient to enable investors to understand the position and have confidence in the numbers included in the financial statements,” said Claudia Mortimore...
...Claudia Mortimore, deputy executive counsel to the FRC, said the penalties “reflect the poor regulatory record of each of the respondents and are intended to enhance the quality and reliability of future...
...“This is a proportionate package of sanctions in respect of failings over three consecutive audit years,” said Claudia Mortimore, deputy executive counsel to the FRC....
...Claudia Mortimore, deputy executive counsel to the FRC, said the findings showed “a serious lack of competence in conducting the audit work”....
...“The imposition of the sanctions and the FRC’s oversight of the extensive programme of remedial measures agreed with the firm should lead to audit quality improvements,” said Claudia Mortimore, deputy executive...
...The Financial Reporting Council said on Monday it was reprimanding both KPMG and Michael Barradell, a partner at the firm, after they admitted to misconduct in work for the fashion company in 2013 and 2014...
...Focus groups run by the Conservative peer Michael Ashcroft have found that some voters say they are weary of democracy. “We get too many votes....
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