Fees generated by audit firms for other services are set to come under the
spotlight this week after the windfall they made out of non-audit work was
The Royal Bank of Scotland, HBOS, Lloyds TSB and Barclays paid big-four firms
£650m in audit fees since 2000 – and nearly the same amount again in fees for
non-audit work, the Sunday Times reported.
Auditors from the top six UK firms will appear before a Treasury committee
this week to answer questions on the embattled banks. All four banks are
expected to sign up to the government’s toxic-asset-protection scheme.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
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