FRC loses legal challenge over Sports Direct documents & more…Keep up to date with the latest accountancy and business news in our weekly round-up…

Regulator tells big four auditors to accelerate break-up plan

The big four accountancy firms have been told by watchdogs to accelerate the ring-fencing of their audit businesses by bolstering independent governance and improving financial transparency.

Banking watchdog calls in PwC for Goldman Sachs reporting probe

The UK’s banking watchdog has reportedly called in a Big Four accountancy firm to examine Goldman Sachs’ regulatory reporting in its London operation.

FRC loses legal challenge over Sports Direct documents

The FRC has hit a legal stumbling block in its efforts to require Sports Direct to provide legally privileged documents as part of its probe into Grant Thornton’s auditing of the retailers 2016 accounts.

Audit watchdog to test how companies and auditors report climate change risk

Audit watchdog the FRC today announced a major review of how companies and auditors report on the impact of climate change.