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.
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Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice