Revolut taps EY for 2026 audit after BDO revenue concerns
Accounting Firms

Revolut taps EY for 2026 audit after BDO revenue concerns

4d Accountancy Age

Revolut taps EY for 2026 audit after BDO revenue c...

Revolut has appointed Ernst & Young (EY) as its new global auditor, following a competitive tender process for the financial year ending 31 Decemb...

View article
Baker Tilly adds UAE firm to expand Middle East footprint
Accounting Firms

Baker Tilly adds UAE firm to expand Middle East footprint

2w Accountancy Age

Baker Tilly adds UAE firm to expand Middle East fo...

Baker Tilly International has added a new member firm in the United Arab Emirates, marking an expansion of its network in a market the group describes...

View article
FTSE AIM 100: PwC and BDO battle for value
Accounting Firms

FTSE AIM 100: PwC and BDO battle for value

2w Accountancy Age

FTSE AIM 100: PwC and BDO battle for value

The latest Adviser Rankings Ltd figures for AIM auditors reveal a quarter of mixed fortunes for firms across the rankings. While PKF Littlejohn contin...

View article
Get the latest analysis and reports delivered to your inbox daily
Gerald Edelman acquires Surrey firm Vista Partners
Accounting Firms

Gerald Edelman acquires Surrey firm Vista Partners

2w Accountancy Age

Gerald Edelman acquires Surrey firm Vista Partners

Accountancy and advisory firm Gerald Edelman has acquired Redhill-based Vista Partners, strengthening its presence across Surrey, Sussex, and the Sout...

View article
MoD received £211bn worth of suspicious invoices in three years
Audit

MoD received £211bn worth of suspicious invoices in three years

3w Accountancy Age

MoD received £211bn worth of suspicious invoices i...

Financial controls tightened following high-profile expense and cheque fraud cases Read More...

View article
Deloitte's Glencore audits under FRC scrutiny
Audit

Deloitte's Glencore audits under FRC scrutiny

3w Accountancy Age

Deloitte's Glencore audits under FRC scrutiny

The Financial Reporting Council (FRC) has launched a formal investigation into Deloitte’s audits of Glencore plc and its UK subsidiary, Glencore Energ...

View article
Half of UK accountancy firms open to private equity
Accounting Firms

Half of UK accountancy firms open to private equity

3w Accountancy Age

Half of UK accountancy firms open to private equit...

Nearly half of the UK’s leading accountancy firms are open to private equity investment, according to new research by law firm Kingsley Napley,  under...

View article
Barclays fined £42m over serious failures in financial crime controls
Audit

Barclays fined £42m over serious failures in financial crime controls

3w Accountancy Age

Barclays fined £42m over serious failures in finan...

The Financial Conduct Authority (FCA) has fined Barclays a combined £42 million for serious failings in its financial crime risk management, citing tw...

View article
UK moves to regulate AI audit ‘wild west’ with first global standard
Accounting Standards

UK moves to regulate AI audit ‘wild west’ with first global standard

3w Accountancy Age

UK moves to regulate AI audit ‘wild west’ with fir...

The British Standards Institution (BSI) has published a new international standard aimed at bringing structure, transparency, and trust to the rapidly...

View article
KPMG replaced by small firm as P&O Ferries auditor
Accounting Firms

KPMG replaced by small firm as P&O Ferries auditor

4w Accountancy Age

KPMG replaced by small firm as P&O Ferries auditor

P&O Ferries has appointed a boutique Oxfordshire-based firm, Just Audit & Assurance (JAA), as its new auditor following the unexpected departu...

View article
BDO flagged by FRC over audit quality concerns
Accounting Firms

BDO flagged by FRC over audit quality concerns

4w Accountancy Age

BDO flagged by FRC over audit quality concerns

The Financial Reporting Council has sharply criticised BDO’s audit quality, calling its work “significantly short of expectations” and placing the fir...

View article
When the apple doesn’t fall far from the audit firm
Audit

When the apple doesn’t fall far from the audit firm

1m Accountancy Age

When the apple doesn’t fall far from the audit fir...

When right is nobody’s business, wrong sets the culture. The recent PCAOB fines totalling $8.5 million for cheating on ethics exams at Deloitte, PwC a...

View article
Can agentic AI really handle end-to-end tax and audit workflows?
AI in Accounting

Can agentic AI really handle end-to-end tax and audit workflows?

1m Accountancy Age

Can agentic AI really handle end-to-end tax and au...

Agentic AI is pushing beyond routine automation, offering tax teams autonomous workflows, compliance insights, and specialist AI “colleagues.” Here’s ...

View article
ICAEW proposes four principles to future-proof reporting accountants
Accounting Standards

ICAEW proposes four principles to future-proof reporting accountants

1m Accountancy Age

ICAEW proposes four principles to future-proof rep...

In a bid to future-proof the UK’s capital markets, ICAEW has outlined four principles to evolve the reporting accountant’s role, highlighting the bala...

View article
Big accountancy firms fail to monitor AI’s impact on audit quality, says FRC
Accounting Firms

Big accountancy firms fail to monitor AI’s impact on audit quality, says FR...

2m Accountancy Age

Big accountancy firms fail to monitor AI’s impact ...

The FRC has warned that big accountancy firms aren’t tracking how AI tools affect audit quality, raising concerns over oversight amid growing reliance...

View article
KPMG fined £1.25m for Carr’s Group audit breaches
Audit

KPMG fined £1.25m for Carr’s Group audit breaches

2m Accountancy Age

KPMG fined £1.25m for Carr’s Group audit breaches

KPMG has been fined £1.25m by the Financial Reporting Council (FRC) over serious breaches of audit independence rules during its 2021 audit of farm an...

View article
FRC sets out plans for UK sustainability assurance standard
Accounting Standards

FRC sets out plans for UK sustainability assurance standard

2m Accountancy Age

FRC sets out plans for UK sustainability assurance...

The Financial Reporting Council (FRC) has opened consultation on a proposed UK version of a new global sustainability assurance standard, aiming to gi...

View article
One in ten audits flagged for 'major improvements'
Accounting Standards

One in ten audits flagged for 'major improvements'

2m Accountancy Age

One in ten audits flagged for 'major improvements'

ICAEW’s latest monitoring report finds that while most audits remain of acceptable quality, 10% were flagged for significant improvements, highlightin...

View article
EY faces £2bn lawsuit over “extremely serious” audit failings at NMC Health
Audit

EY faces £2bn lawsuit over “extremely serious” audit failings at NMC Health

3m Accountancy Age

EY faces £2bn lawsuit over “extremely serious” aud...

The UK accounting watchdog has identified “extremely serious” failings in EY’s audits of NMC Health, according to claims aired at the High Court this ...

View article
Q&A: Inside Protiviti’s front-row view of audit’s next evolution
AI in Accounting

Q&A: Inside Protiviti’s front-row view of audit’s next evolution

3m Marina Mouka

Q&A: Inside Protiviti’s front-row view of audit’s ...

Protiviti’s Janet Barberis and Deepa Krishnamachari explain why internal auditors need a seat at the transformation table. Read More...

View article
73% of G20 companies now seek sustainability assurance
Accounting Standards

73% of G20 companies now seek sustainability assurance

3m Accountancy Age

73% of G20 companies now seek sustainability assur...

The percentage of companies engaged in sustainability reporting remained unchanged at 98% Read More...

View article
PwC axes 1,500 jobs in the US amid low attrition and slow growth
Accounting Firms

PwC axes 1,500 jobs in the US amid low attrition and slow growth

3m Marina Mouka

PwC axes 1,500 jobs in the US amid low attrition a...

Staff blindsided as Big Four firm makes second round of cuts under US chief Paul Griggs Read More...

View article
P&O Ferries auditor jumps ship after ongoing accounting issues
Audit

P&O Ferries auditor jumps ship after ongoing accounting issues

3m Accountancy Age

P&O Ferries auditor jumps ship after ongoing accou...

P&O Ferries, the Dover-Calais operator owned by Dubai-based DP World, is facing new hurdles as it navigates ongoing financial and operational diff...

View article
ACCA urges FRC to ensure proportionate SME audit requirements
Accounting Standards

ACCA urges FRC to ensure proportionate SME audit requirements

3m Accountancy Age

ACCA urges FRC to ensure proportionate SME audit r...

The Association of Chartered Certified Accountants (ACCA) has called for a more balanced approach to audit regulations for small and medium-sized ente...

View article
Saffery LLP appoints Ami Jack as Head of National Tax team
Accounting Firms

Saffery LLP appoints Ami Jack as Head of National Tax team

3m Accountancy Age

Saffery LLP appoints Ami Jack as Head of National ...

Saffery LLP, a prominent top-15 accounting and advisory firm, has announced the appointment of Ami Jack as a partner and head of its National Tax team...

View article
Why going paperless is now a strategic move for accountancy firms
Accounting Firms

Why going paperless is now a strategic move for accountancy firms

4m Accountancy Age

Why going paperless is now a strategic move for ac...

With growing pressure on accountancy firms to modernise their operations and align with sustainability objectives, the shift to paperless audit system...

View article
EY under investigation for role in Post Office audit during crisis period
Accounting Firms

EY under investigation for role in Post Office audit during crisis period

4m Marina Mouka

EY under investigation for role in Post Office aud...

The Financial Reporting Council (FRC) has launched an investigation into EY’s audits of the Post Office, focusing on the period from March 2015 to Mar...

View article
1 2 3 190