More needs to be done to make auditing an attractive and prestigious profession, and councils stand to benefit hugely if that is achieved, MPs have heard.
The Financial Reporting Council has fined accounting firm Mazars £250,000 over "insufficient and undocumented” challenge on the valuation of refurbishment costs in a local authority audit.
Accountancy firm Grant Thornton has been fined more than £700,000 by the Financial Reporting Council for serious failures connected to its auditing of outsourcing firm Interserve.
Accountancy firm Grant Thornton has been sanctioned by the Financial Reporting Council for failures in its audits of Patisserie Valerie before the café chain company collapsed, showing “a serious...
