All leading UK accountants fail the audit quality test
Grant Thornton and PwC have singled out to join KPMG for closer scrutiny, with EY, BDO, Deloitte and Mazars all missing the 90% requirement
10 July 2019 - 14:45
London — All of Britain’s leading accounting firms have failed to hit quality targets set by their regulator for auditing company books for the second year in a row, with Grant Thornton and PwC singled out to join KPMG under tougher supervision.
The damning review from the UK Financial Reporting Council (FRC) will pile pressure on the government to implement a proposed sector shake-up prompted by corporate failures at builder Carillion, retailer BHS, and an accounting scandal at café chain Patisserie Valerie...
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