E&Y set to gain in Friends deal
E&Y could win the audit of a combined £8.6bn group following the merger of Friends Provident and Resolution
E&Y could win the audit of a combined £8.6bn group following the merger of Friends Provident and Resolution
Big Four auditors are braced for a fresh shake-up in the FTSE 100 as
Friends
Provident and
Resolution
gear up to merge.
Ernst & Young audits Resolution, which has in terms of director
appointments appeared to be the senior partner in the move, suggesting E&Y
could win the audit of a combined £8.6bn group.
KPMG audits Friends Provident, whose FD Jim Smart is set to exit another plum
role after suffering the same fate when Boots merged with Alliance UniChem.
Resolution’s FD
Jim
Newman has already been announced as FD if the deal is pushed through.
The deal could yet be scuppered by Resolution’s zombie fund rival however –
Pearl.
Pearl owns a large chunk of Resolution shares and there are rumours it could
make a bid.
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe Bank of England has appointed Ernst and Young LLP (EY) as its external auditor from the financial year ending 28 February 2025. Read More...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articlePwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...
View articleTraditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...
View articleThe FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...
View articleOn January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...
View articleDespite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....
View articleAs the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...
View article