Accounting firms have not shown a “learning curve” from the collapse of travel company Thomas Cook and builder Carillion, with urgent reform the only way to improve audit quality, a senior MP has said.

All of Britain’s leading accounting firms have failed to hit quality targets set by their regulator for auditing company books, and they have done so for the second year in a row, with Grant Thornton and PwC singled out to join KPMG under tougher supervision.

Britain’s accounting watchdog has fined Deloitte and one of its partners a total of £4.62m (€5.15m) for misconduct related to the audit of financial statements of Serco Geografix for 2011 and 2012.

Mike Ashley’s Sports Direct International must hand over documents as part of a UK accounting regulator’s investigation into its 2016 financial results, a London judge has ruled. The retailer’s shares tumbled.

The UK’s Financial Reporting Council has opened an investigation into KPMG’s auditing of the now-collapsed Carillion covering the years 2014 to 2017, the watchdog has said.

Unions in England have attacked news that apprentices caught up in the collapse of construction giant Carillion will not be paid from later this week.

The UK’s accounting watchdog has fined audit firm PwC a record £5.1m (€5.6m) and given it a severe reprimand after it admitted misconduct when auditing collapsed accounting firm RSM Tenon.

The Irish arm of British insurer RSA posted a £2m (€2.23m) profit for the first half of the year, while shares in the overall group eased following a lower-than- expected dividend payment.

Britain’s accounting regulator has said it would investigate audits by PwC of BT Group after a scandal was uncovered this year at the Italian operations of the telecoms group.

Rolls-Royce’s bribery and corruption scandal has drawn in its departing auditor, KPMG, which has become the target of a probe by the UK accounting regulator.

British insurer RSA is targeting a return to profit in its Irish operations this year, after reporting a 61.5% rise in operating losses for 2016.

Britain’s Serious Fraud Office has said it has charged three former senior Tesco executives with fraud in its investigation into accounting practices at the UK’s biggest supermarket retailer.

Britain’s Serious Fraud Office is understood to be planning to announce a decision on whether to file criminal charges against individuals involved in the Tesco accounting scandal as soon as this month.

The accounting watchdog in Britain kicked off a public consultation yesterday to apply a sweeping EU reform of company accounting from next June.

Tesco’s book-keeping scandal has prompted Britain’s accounting policeman to turn a spotlight on annual reports in the retail sector to check for similar irregularities.

Tesco, Britain’s biggest retailer, has named Deloitte as its new auditor, ending its 32-year relationship with PricewaterhouseCoopers (PwC) after an accounting scandal.

The accounting watchdog has launched an investigation into a £263m overstatement of profit expectations at Tesco.

The Serious Fraud Office (SFO) in the UK is reportedly poised to launch a formal criminal probe into Tesco following the supermarket's discovery of a £263m hole in its profit expectations.

Tesco executives may be hauled before MPs to explain the supermarket giant’s “stratospheric” error over its inflated profits guidance.

Senior Central Bank executives have held private meetings with some of the top accountancy firms in the State to demand an improvement in auditing standards of financial institutions, the Irish Examiner has learned.

Britain’s accounting regulator said it may overhaul rules for corporate pay and introduce measures to make it easier to seize executive bonuses.

UK competition bosses today ordered accountants to bid for work at Britain's biggest companies every five years under plans to shake up the market.

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.

IRISH business may rebuild international credibility with a combined voluntary code of corporate governance practice for private companies and state bodies.

The Institute of Chartered Accountants in Ireland (ICAI) has announced the appointment of Dr Liam O’Reilly as the first Chairman of the Chartered Accountants Regulatory Board (CARB).

Planned legislation will cut down on red tape for businesses in the North, it was announced today.

THE Institute of Chartered Accountants in Ireland said directors of Irish Stock Exchange companies need to be aware of updated guidance on internal control published by the Financial Reporting Council.

THE Institute of Chartered Accountants in Ireland (ICAI) has welcomed the statement from the Financial Reporting Council in Britain that the concept of ‘true and fair’ remains a cornerstone of the Irish and British financial reporting regimes.

The Institute of Chartered Accountants in Ireland (ICAI) has encouraged Irish-listed companies to participate in a review of the 2003 combined code on corporate governance.

Non-executive directors are to play a more “demanding” role in UK boardrooms after measures to prevent Enron-style corporate scandals were unveiled today.