New FRC data shows that audit fees across EY, Deloitte, KPMG, and PwC rose by nearly 6 percent in 2016/17 compared with a 2.7 percent rise the previou...
View articleThe high street store faces failure after the Chinese owner of Hamleys pulls out of its £70m investment promise Read More...
View articleDeloitte Legal International will be a fully licensed foreign law practice independent from other Deloitte entities serving clients across South East ...
View articleWillis Towers Watson’s miscalculation of the group’s pension deficit follows the recent accounting scandal which knocked £8bn off its stock market val...
View articleMining company Gold Fields and mutual savings bank Finbond are the latest blow to the Big Four firm's audit clients Read More...
View articleBig Four giant EY acquires cyrpto technology from San Francisco-based startup Read More...
View articleOver 500 jobs already lost as Big Four firm moves its focus from Poundworld to the Gaucho group Read More...
View articleEY continues on its upward trajectory by hiring 71 new equity partners, smashing the target for BME partners but falling short of the target for femal...
View articleAfter a string of high profile audit failings, including the collapse of Carillion, the FRC has been under increasing pressure from the government and...
View articleThe conflict began when Arsenal stakeholder Lady Nina Bracewell-Smith filed a professional negligence claim against the Big Four and magic circle firm...
View articleA US federal judge found that as auditor PwC was negligent and failed to detect £2bn fraud which spanned several years Read More...
View articleThe FRC is investigating KPMG over its 2017 audit of Conviviality, which went into administation in April after finding an unexpected tax bill of £30m...
View articleThe investigation comes months after shareholders voted to remove Deloitte as auditor in an unusual rebellion, and will focus on the audit of cash and...
View articleIn a damning email circulated to PwC partners, Kevin Ellis said Steve Denison spent only two hours on the audit and backdated his audit opinion Read M...
View articleThe report found that half of KPMG's audits needed more than limited improvements, and will now increase scrutiny on the firm's upcoming audit work Re...
View articleThe record fine comes after a two-year investigation into BHS’s 2014 audits, which PwC had signed off on just days before its sale for £1 Read More...
View articleThe firm admitted to two counts of misconduct and said that it "should have gone further" in challenging the scandal-ridden company's accounts Read Mo...
View articleThe NAO report revealed that Carillion's insolvency will cost the taxpayer £148m while PwC will net £50m, a figure that has been questioned by MPs Rac...
View articleThe FRC has brought disciplinary action against Deloitte auditors over their failure to adequately challenge issues with Autonomy’s accounts, which le...
View articleAfter a French probe into Lycamobile uncovered money laundering and tax fraud, HMRC refused to raid the company, citing its political donations Read M...
View articleAbraaj's troubles began when four investors, including the Bill & Melinda Gates Foundation, alleged that money intended for medical projects had b...
View articleThe firm has launched a review into all audit work completed in the past 18 months and will conduct background checks of staff every two years, follow...
View articleAfter increased pressure to take a tougher stance against Big Four firms for audit breaches, the FRC has implemented a range of sanctions Read More...
View articlePwC said it plans to defend its position "vigorously" Read More...
View articleThe firm has taken the strategic decision to move away from tendering for FTSE 350 audit work until there is a "shift in the competitive landscape" Re...
View articleAfter over 30 years experience at the firm Karen Briggs will head up its financial crime practice in the UK Read More...
View articleAcross the firm’s entire workforce, including partners, PwC reports a mean gender pay gap of 43.8% Read More...
View article