The Securities & Exchange Commission had previously objected to audit disclaimers, already being used by the UK arms of Big Four firms PricewaterhouseCoopers and Ernst & Young, on the ground that they conflict with US securities guidelines.
However, a compromise agreement could see the disclaimers include a note which would say that it was to be ignored in the US, according to a report in the FT.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars