Britain’s grocery industry watchdog said on Thursday it had launched an investigation into supermarket Tesco’s supplier practices which have resulted (...)

Supermarket chain Tesco said in September that it had overstated first-half profits by £250 million due to incorrectly booking payments from suppliers - a figure later raised to £263 million

Britain’s accounting watchdog has launched an inquiry into the preparation, approval and audit of Tesco’s accounts over the last four years, includin(...)

Patrick Honohan: “Although accounting practices are evolving, existing methods typically do not take full account of expected loan losses.” Photograph: Dave Meehan

The extent of the Irish bank’s losses and the question as to whether they are still concealing them continues to crop up and is unlikely to go away in(...)

The package of reforms for the UK’s audit market will come into force from the last quarter of 2014.

Britain’s top 350 companies must put their book-keeping work out to tender at least once a decade to increase competition in a market dominated by jus(...)

Problems arose because a partner in Deloitte, Maghsoud Einollahi, was giving tax and corporate finance advice to four MG Rover directors and related firms, while Deloitte was acting as auditor to MG Rover

The news that a UK professional services firm can be fined for not managing a conflict of interest must have taken many in Dublin by surprise. Surely (...)

A view of a former entrance and sign at the MG Rover cars plant in Longbridge, Birmingham. Deloitte has been fined £14 million by the industry watchdog over “persistent” failings in its dealings with the collapsed car manufacturer.

Deloitte, one of the “Big Four” accountancy firms, has been fined a record £14 million (€16.6 million) for failing to manage conflicts of interest in (...)

The Financial Reporting Council has fined Deloitte  a record £14 million  over MG Rover advice. Photo: Bloomberg

Accountancy firm Deloitte has been fined a record £14 million (€16.6 million) for failing to manage conflicts of interest in its advice to collapsed B(...)

Addressing the Irish Charities Tax Research group in 2011, Minister for Justice Alan Shatter stressed the need for greater “buy-in” by charities for codes of practice, including “Guiding Principles for Fundraising” put in place by the group. Photograph: Bryan O’Brien

Reform of Irish charities legislation will finally come into force next year – more than five years after the enabling legislation passed through the (...)

The British Competition Commission this morning set out  changes it plans to introduce in an accounting market dominated by the so-called “Big Four” players: Deloitte, KPMG, PricewaterhouseCoopers and Ernst & Young. Photo: Simon Dawson/Bloomberg

Britain’s competition watchdog has ditched its more radical ideas for shaking up an accounting market dominated by the “Big Four” audit firms, leaving(...)

Accountancy giant KPMG is facing a potential investigation over the audit work that gave HBOS a clean bill of health in the run-up to its collapse. Photograph: Sean Dempsey/PA Wire

Accountancy giant KPMG is facing a potential investigation in the UK over the audit work that gave HBOS a clean bill of health in the run-(...)