Auditors in the US are ‘on the edge of disaster’ due to the enormous
litigation liabilities faced by the Big Four firms, the US Chamber of Commerce
It called on regulators, business and auditors to do more to tackle the
threat of lawsuits.
The US Chamber of Commerce comments reflected the concern over the
possibility that one of the Big Four – PwC, Deloitte, KPMG or Ernst & Young
– could collapse if multi-million dollar lawsuits were brought against a firm
for alleged negligence, the FT reported.
Former Big Five firm Andersen collapsed in the wake of Enron in late 2001.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...