EY faces £2bn lawsuit over “extremely serious” audit failings at NMC Health
Audit

EY faces £2bn lawsuit over “extremely serious” audit failings at NMC Health

4d Accountancy Age

EY faces £2bn lawsuit over “extremely serious” aud...

The UK accounting watchdog has identified “extremely serious” failings in EY’s audits of NMC Health, according to claims aired at the High Court this ...

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Q&A: Inside Protiviti’s front-row view of audit’s next evolution
AI in Accounting

Q&A: Inside Protiviti’s front-row view of audit’s next evolution

4d Marina Mouka

Q&A: Inside Protiviti’s front-row view of audit’s ...

Protiviti’s Janet Barberis and Deepa Krishnamachari explain why internal auditors need a seat at the transformation table. Read More...

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73% of G20 companies now seek sustainability assurance
Accounting Standards

73% of G20 companies now seek sustainability assurance

1w Accountancy Age

73% of G20 companies now seek sustainability assur...

The percentage of companies engaged in sustainability reporting remained unchanged at 98% Read More...

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PwC axes 1,500 jobs in the US amid low attrition and slow growth
Accounting Firms

PwC axes 1,500 jobs in the US amid low attrition and slow growth

3w Marina Mouka

PwC axes 1,500 jobs in the US amid low attrition a...

Staff blindsided as Big Four firm makes second round of cuts under US chief Paul Griggs Read More...

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P&O Ferries auditor jumps ship after ongoing accounting issues
Audit

P&O Ferries auditor jumps ship after ongoing accounting issues

3w Accountancy Age

P&O Ferries auditor jumps ship after ongoing accou...

P&O Ferries, the Dover-Calais operator owned by Dubai-based DP World, is facing new hurdles as it navigates ongoing financial and operational diff...

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ACCA urges FRC to ensure proportionate SME audit requirements
Accounting Standards

ACCA urges FRC to ensure proportionate SME audit requirements

3w Accountancy Age

ACCA urges FRC to ensure proportionate SME audit r...

The Association of Chartered Certified Accountants (ACCA) has called for a more balanced approach to audit regulations for small and medium-sized ente...

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Saffery LLP appoints Ami Jack as Head of National Tax team
Accounting Firms

Saffery LLP appoints Ami Jack as Head of National Tax team

4w Accountancy Age

Saffery LLP appoints Ami Jack as Head of National ...

Saffery LLP, a prominent top-15 accounting and advisory firm, has announced the appointment of Ami Jack as a partner and head of its National Tax team...

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Why going paperless is now a strategic move for accountancy firms
Accounting Firms

Why going paperless is now a strategic move for accountancy firms

1m Accountancy Age

Why going paperless is now a strategic move for ac...

With growing pressure on accountancy firms to modernise their operations and align with sustainability objectives, the shift to paperless audit system...

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EY under investigation for role in Post Office audit during crisis period
Accounting Firms

EY under investigation for role in Post Office audit during crisis period

1m Marina Mouka

EY under investigation for role in Post Office aud...

The Financial Reporting Council (FRC) has launched an investigation into EY’s audits of the Post Office, focusing on the period from March 2015 to Mar...

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Q&A: Menzies’ Simon Massey on why audit automation isn’t about replacing people
Accounting Firms

Q&A: Menzies’ Simon Massey on why audit automation isn’t about replacing pe...

1m Marina Mouka

Q&A: Menzies’ Simon Massey on why audit automation...

When Simon Massey became Managing Partner at Menzies three and a half years ago, he didn’t anticipate his role would involve overseeing the introducti...

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EY fined £4.9m for failing to meet standards in Thomas Cook audit
Audit

EY fined £4.9m for failing to meet standards in Thomas Cook audit

1m Marina Mouka

EY fined £4.9m for failing to meet standards in Th...

The Financial Reporting Council (FRC) has fined EY nearly £5m for “serious breaches of standards” in its audits of Thomas Cook’s financial statements ...

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Bishop Fleming reveals new round of promotions
Accounting Firms

Bishop Fleming reveals new round of promotions

1m Accountancy Age

Bishop Fleming reveals new round of promotions

Bishop Fleming, a leading UK-based audit, accountancy, tax, and advisory firm, has announced a significant round of promotions across its operations i...

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EY announces AI integration into global Assurance technology platform
AI in Accounting

EY announces AI integration into global Assurance technology platform

1m Accountancy Age

EY announces AI integration into global Assurance ...

EY has launched the next phase of its US$1 billion technology investment, introducing AI-powered capabilities to its global Assurance platform. This m...

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Forvis Mazars UK reports 15th consecutive year of growth
Accounting Firms

Forvis Mazars UK reports 15th consecutive year of growth

2m Accountancy Age

Forvis Mazars UK reports 15th consecutive year of ...

Forvis Mazars has posted its fifteenth consecutive year of growth in the UK, reporting revenue of £362.4m for the year ending 31 August 2024—a rise of...

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PwC fined £2.9m over audit failures at Gupta’s Wyelands Bank
Accounting Firms

PwC fined £2.9m over audit failures at Gupta’s Wyelands Bank

2m Marina Mouka

PwC fined £2.9m over audit failures at Gupta’s Wye...

The Financial Reporting Council (FRC) has fined PwC £2.9 million and issued a severe reprimand over “serious failings” in its 2019 audit of Wyelands B...

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EY and AuditBoard launch UK Centre of Excellence for risk and compliance
Accounting Firms

EY and AuditBoard launch UK Centre of Excellence for risk and compliance

2m Accountancy Age

EY and AuditBoard launch UK Centre of Excellence f...

AuditBoard has expanded its strategic alliance with EY, introducing a Centre of Excellence in the UK to support organisations as they modernise risk m...

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ICAEW and CIPFA call for broader climate disclosures to prevent greenwashing
Accounting Standards

ICAEW and CIPFA call for broader climate disclosures to prevent greenwashin...

2m Accountancy Age

ICAEW and CIPFA call for broader climate disclosur...

Accountancy bodies urge IPSASB to expand scope of public sector climate reporting Read More...

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Watchdog scrutiny puts MHA’s ISG audit and IPO at risk
Accounting Firms

Watchdog scrutiny puts MHA’s ISG audit and IPO at risk

2m Accountancy Age

Watchdog scrutiny puts MHA’s ISG audit and IPO at ...

The UK’s Financial Reporting Council (FRC) has launched an investigation into accountancy firm MHA over its audit of failed construction giant ISG, ad...

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PwC leads FTSE as PKF Littlejohn eyes top spot in AIM auditor rankings
Accounting Firms

PwC leads FTSE as PKF Littlejohn eyes top spot in AIM auditor rankings

3m Accountancy Age

PwC leads FTSE as PKF Littlejohn eyes top spot in ...

As UK audit firms reshuffle their client portfolios, the latest Corporate Advisers Rankings Guide (CARG) for Q1 2025 highlights shifting competitive d...

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ACCA backs central oversight of local authority audits, but warns of risks
ACCA

ACCA backs central oversight of local authority audits, but warns of risks

4m Accountancy Age

ACCA backs central oversight of local authority au...

The global accountancy body has thrown its support behind the UK government’s proposed overhaul of local authority audits but warns that the reforms l...

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The battle for AIM: Is PKF about to unseat BDO?
Accounting Firms

The battle for AIM: Is PKF about to unseat BDO?

4m Accountancy Age

The battle for AIM: Is PKF about to unseat BDO?

With BDO’s long-standing dominance under threat, is 2025 the year a new leader emerges in AIM auditing? Read More...

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Q&A: Inside EY’s $1B innovation journey with Marc Jeschonneck and Paul Goodhew
AI in Accounting

Q&A: Inside EY’s $1B innovation journey with Marc Jeschonneck and Paul Good...

4m Marina Mouka

Q&A: Inside EY’s $1B innovation journey with Marc ...

EY’s Marc Jeschonneck and Paul Goodhew reveal how generative AI and innovation are reshaping the future of auditing. Read More...

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Ethics in accounting: Can firms restore public trust?
Accounting Firms

Ethics in accounting: Can firms restore public trust?

4m Accountancy Age

Ethics in accounting: Can firms restore public tru...

Over the past five years, accounting firms have faced penalties exceeding $100 million globally for lapses tied to ethical breaches, according to a re...

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2025: Can accountants turn the tide on trust and growth?
2025 Predictions

2025: Can accountants turn the tide on trust and growth?

5m Accountancy Age

2025: Can accountants turn the tide on trust and g...

As 2025 dawns, accountants find themselves at the heart of an economy still navigating the aftershocks of a global pandemic, seismic political shifts,...

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FRC warns of critical fault lines in NHS audit market
Audit

FRC warns of critical fault lines in NHS audit market

5m Accountancy Age

FRC warns of critical fault lines in NHS audit mar...

The Financial Reporting Council (FRC) has released initial findings from its ongoing examination of the NHS audit market, revealing significant obstac...

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Internal auditors 'flying blind' on AI risks - report
AI in Accounting

Internal auditors 'flying blind' on AI risks - report

6m Accountancy Age

Internal auditors 'flying blind' on AI risks - rep...

A major disconnect between artificial intelligence (AI) understanding and risk assessment has been unveiled in a comprehensive new report examining th...

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Investors’ claims of flawed BDO audit of AmTrust reinstated following appeal
Accounting Firms

Investors’ claims of flawed BDO audit of AmTrust reinstated following appea...

7m Rachael Kennedy

Investors’ claims of flawed BDO audit of AmTrust r...

In a significant reversal, the Second U.S. Circuit Court of Appeals has revived a lawsuit from investors alleging that BDO USA provided substandard au...

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