AccountancyAge.com weekly news focus: Practice
PricewaterhouseCoopers has dramatically resigned as auditor of rail and road group Jarvis. The Scots ICA has teamed up with BPP to train student accountants south of the border.
PricewaterhouseCoopers has dramatically resigned as auditor of rail and road group Jarvis. The Scots ICA has teamed up with BPP to train student accountants south of the border.
PwC dramatically resigned from the rail and road infrastructure group a month before its financial year-end, sending Jarvis shares into a spiral.
Jarvis was forced to issue a statement which said: ‘Following a regular benchmarking review of the cost to the company of advisors the company was unable to agree fees with PwC for the audit.’ It warned that the resignation of PwC should not be misinterpreted and said it had appointed Ernst & Young in its place. More details on this story will appear on AccountancyAge.com later today.
The Scots ICA’s joint venture with BPP, announced last week, follows the surprise decisions by Ernst & Young and PricewaterhouseCoopers to abandon the English ICA and start training hundreds of their students through the Scottish institute. This joint venture could lead to further defections as the Scots build up their training facilities south of the border.
Features due to appear on AccountancyAge.com later today include a look at the London mayoral elections, which asks which candidate will be best for business, and a feature from ‘Business Week’ which considers the new robustness of European investors following recent stock market jitters.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn 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 resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article