PracticeConsultingAccountancyAge.com weekly news focus: Practice

AccountancyAge.com weekly news focus: Practice

PricewaterhouseCoopers has been dropped by the Royal Bank of Scotland. An attack on the mid-tier has been launched by consolidator Tenon, and the Rover audit could be up for grabs.

The sheer size of PwC appears to have been the reason why its lost the banking giant’s audit.

The Royal Bank of Scotland, having just taken over NatWest is understood to fear conflicts of interest because of the concentration of banking audits in the accounting giant’s hands.

PwC’s view, however, appears to be that the Royal Bank dropped it because Natwest is its banker.

Meanwhile, soon-to-be-floated mid-tier consolidator Tenon is planning to shake-up the accountancy market by binding middle-ranking accountancy firms into a giant accountancy services group which could approach the size of the Big Five.

Dramas continue at Rover this week, with the effect of harsh German accounting rules coming under the spotlight. The managing director of Alchemy is a chartered accountant.Meanwhile, the Rover audit could be up for grabs.

Join AccountancyAge.com this afternoon for live coverage of the Budget – and enter our online poll after the Budget to tell us what you thought of it. Bottles of champagne are offered every day until Sunday for the best comments.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

4m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

10m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

11m Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

11m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

11m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

11m Kevin Reed, Writer