Governance failures at firms are matched by those at the audit firms and regulators tasked with assuring market integrity.
Observations
Mar 01, 2024In a recent survey of 497 individuals working in the controllership function, Gartner found that 18% of accountants make financial errors daily, and one-third make at least a few errors every week. The survey identified increased workload and low capacity as key causes of these errors.
by Starling Insights, Wayne Byres, Michelle W. Bowman, Charles Randell
Compendium
Feb 14, 2024Observations
Jan 15, 2024The UK Financial Reporting Council (FRC) imposed record-level fines on auditors during 2022/23, totaling £33.2 million. This represents an increase from £32.8 million in the previous year and an even larger spike from £19 million in 2020/21.