Auditors earned more than half a billion pounds on their statutory work for
the FTSE 100 – and another quarter of a billion pounds on non-audit work.
The figures, from
Consulting, have raised questions about the firms’ independence.
Treasury spokesman Vince Cable said more competition was required for the Big
Four firms, and if “Chinese walls” were failing to work within them then the
Office of Fair Trading should consider an enquiry.
shadow business minister Mark Prisk said transparency was key to
ensure there was no conflict of interest – which was preferable to heavy-handed
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned