Auditors are too trusting of managers' explanations of financial reporting when looking into company accounts, the Audit Inspection Committee (AIU) says.
Financial penalties levied on Equitable Life's former auditors Ernst & Young (E&Y) have been drastically reduced by the accountancy profession's disciplinary body.
The Association of IFAs (AIFA) is working with Legal & General (L&G) to research ways advisers can apply alternative business models to their firms to prepare for "unparalleled change".
The Retail Distribution Review has set the clock ticking for those giving regulated advice and sales guidance on retail products, says Matt Smith
Double-digit growth is expected for non-advised distribution channels during 2010 as providers try to boost new business, according to Ernst & Young (E&Y).
Administrators Ernst & Young are attempting to drum up buyer interest for the remains of failed Icelandic bank Kaupthing Singer & Friendlander (KSF).
Platforms risk being undermined by a lack of transparency and must address some crucial questions if the RDR is to be effective, warns Novia.
A compliance consultancy acquired by The Money Portal (TMP) for a seven figure sum has been sold back to its original owner for a "nominal" sum.
The number of profit warnings issued by UK companies in the three months to the end of June fell to the lowest level since the same period in 2003, a report shows.
Concerns surrounding the protection market make the perfect case for the importance of tied and multi-tied advice, according to Ernst & Young.