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UK retailers urged to clarify "complex supplier arrangements" in their audited accounts

Large UK retailers must make sure that their investors fully understand any fees, discounts, offers and rebates agreed with their suppliers by including sufficient "clear and relevant information" in their annual accounts, the watchdog has said. 10 Dec 2014

"Further improvement" of bank and building society audits needed, says watchdog

The quality of the auditing of banks' loan loss provisions is generally improving, but further improvements are needed to ensure consistency, according to the Financial Reporting Council (FRC). 04 Dec 2014

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