You won’t find a picture of SEC chairman Arthur Levitt on the walls of any Big Five offices, what with his organisation’s clampdown on auditor independence rules. But what Mr Levitt has done, as Peter Hazell, managing partner at PricewaterhouseCoopers UK, told TS this week, is focus minds of senior partners the world over. Hazell has been working on how the firm will respond to the SEC’s clampdown. Broadly happy with the Levitt plan, Hazell sets out in a comment piece in this weeks Accountancy Age just what he does and doesn’t like about the proposals. But asked whether he would be taking that message to the English ICA, which is conducting its own inquiry into firms’ adherence to audit independence rules on this side of the Atlantic, Hazell said he wasn’t aware of the institute’s inquiry. Bear in mind that a fellow partner, Peter Wyman, announced said inquiry. The irony was not lost on TS. Hazell’s response says as much about the sheer size a global behemoth like PwC has attained as it does about whether US or UK regulators wield more power on this side of the Atlantic.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast