PwC is selling Internal Controls Workbench compliance software to OpenPages, a consultancy, for an undisclosed sum. OpenPages will assume support services for 375 PwC clients, the Financial Times reported.
Lynn Edelson, PwC partner in charge of the firm’s Sarbanes-Oxley taskforce, said: ‘The sale of ICW is consistent with PwC’s focus on our core assurance, tax and advisory business.’
The sale, to be announced today, comes in the face of new regulations passed under the Sarbanes-Oxley Act aimed at preserving the integrity and independence of the audit by curtailing many consultancy services.
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses