On Monday, in a statement Britain’s Financial Reporting Council said, 125 companies, including Fidelity, BlackRock, M&G, Legal & General, have endorsed Britain’s tougher best practice code to stop “greenwashing” assets, with 64 companies failing to make the cut. Among the… Read More ›
On Thursday, Britain’s Financial Reporting Council (FRC) stated it has added an extra year to its investigation into EY’s audit of Thomas Cook. The holiday company had collapsed in September leaving tens of thousands of people stranded abroad. The FRC… Read More ›
KPMG will have to increase its due diligence on meeting auditing standards. In a development that yet again highlight the poor performance of accounting firm KPMG, Britain’s accounting watchdog has levied a fine of $4.24 million on KPMG for failing… Read More ›
Although the measures adopted by the FRC are strong, in comparison to penalties imposed by Britain’s Financial Conduct Authority they are still small. On Monday, in a significant development, the Financial Reporting Council (FRC) disclosed that it has accepted the… Read More ›
manageria.biz 