According to reports, Stagecoach ditched Andersen, soon to become part of Deloitte & Touche in the UK, because it was no longer able to offer the global reach required by the public transport operator.
The news came as the Bank of China, currently preparing to float in New York and Hong Kong, also announced it no longer required Andersens services. Again, PwC has been called in to take charge of the audit.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com