RSM and Mazars pay back furlough money & more…Keep up with what has been happening in our latest accountancy news round-up…
In a report published by the Financial Reporting Council, it was founded that Deloitte’s audits of Autonomy between 2009 and 2011 allowed the firm to show a ‘misleading picture of its financial position’.
In an interview with Accountancy Age, Karen Barton, Global Vice Chair of Tax at EY reflects on her careers and speaks about the skills you would need to pursue a tax career and the lessons she has learnt from starting out as an intern to achieving her current position.
RSM has decided to pay back £4.4m furlough money to the government as well as challenger firm Mazars who have also paid back the £1.1m they have used from the furlough scheme.
One of the UK’s leading accountancy firms, BDO, have refused to pay back £4.5m it received from taxpayers as furlough money despite paying its partners a total of £137m.
EY has launched a free Brexit App to help businesses of various size access relevant and insight content from multiple sources all on the app to help transition into Brexit with or without a UK-EU trade deal.
In a manifesto published by the ICAEW, it has stated that the success of any audit reform and changes to the structure and regulation of firms will depend on a clearer understanding of the role and the purpose of audit based on their five principles.