The move comes in the wake of a Scottish legal case in July where the Royal Bank of Scotland claimed money from Glasgow-based auditor Bannerman Johnstone Maclay after saying it had relied on the audited accounts when deciding to make a loan to the company.
Future audit reports from PwC will now include the wording: ‘We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or in whose hands it may come save where expressly agreed by our prior consent in writing’.
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