Accountancy Age's Top 10 Stories of 2024

Top 50+50 Accountancy Firms 2024: Evelyn Partners ...

Celebrating excellence in the accounting profession, Accountancy Age's Top 50+50 2024 spotlights the top accountancy firms in the UK. Brought to...

KPMG cuts 4% of US audit staff amid industry wide ...

KPMG has announced a reduction of approximately 330 positions from its US audit practice, representing nearly 4% of its 9,000-person audit workforce, ...

EY eyes joint venture for UK legal arm amid cost c...

In a significant shift, EY is reportedly exploring a joint venture for its UK legal business as it grapples with economic pressures and an evolving st...

Fired for learning? The story behind EY's recent d...

Who’d have thought too much L&D would be a bad thing? That’s the question on the minds of many employees at EY after a recent wave of dismissals w...

EY delays graduate hires as advisory business slow...

Big Four firm pushes back start dates for strategy arm recruits, citing weak M&A market Read More...

Deloitte UK equalises paid parenting leave

Deloitte UK has today announced a new policy of 26 weeks’ fully paid family leave* for all its new parents, which will come into effect on 1 January 2...

Why PwC feels the need to tighten grip on employee...

The world of work has undergone a seismic shift in the wake of the Covid-19 pandemic, with the rise of remote and hybrid working models challenging tr...

PwC's LCF audit failure should be a lesson to us a...

The recent £15 million fine imposed by the Financial Conduct Authority (FCA) on PricewaterhouseCoopers LLP (PwC) marks a significant milestone in the ...

What Mobius' fee-driven decision teaches about cli...

Earlier this month, Mobius Investment Trust decided to part ways with PricewaterhouseCoopers LLP (PwC), its long-standing auditor, in favour of Johnst...

KPMG integrates AI into smart audit platform

KPMG International has announced the integration of generative AI into its global smart audit platform, KPMG Clara. This move, announced on July 29, 2...

How will Janet Truncale make her mark at EY?

As the new global chief executive of the Big Four accounting firm EY, Janet Truncale inherits a complex legacy – one shaped by the failed “...

EY's UK chief steps down triggering leadership rac...

The world of professional services is often marked by a delicate dance of leadership transitions, where seasoned veterans hand over the reins to a new...

FRC publishes final settlement decision to KPMG on...

Investigations revealed that KPMG failed to gather sufficient audit evidence and did not exhibit the necessary professional scepticism required for au...

How EY upskills in the age of AI and sustainabilit...

Partners Paul Goodhew and Dilek Çilingir Kostem explain how EY is harnessing the power of AI and sustainability to redefine the future of professional...

FRC quizzes Big Four about use of AI

Auditors asked to explain what measures they are taking to combat rule-breaking Read More...

PwC US announces major reversal in tax division st...

This decision marks a strategic shift from the previous leadership's direction, aiming to strengthen the PwC tax brand and realign with traditional in...

KPMG's Dutch subsidiary hit with record £20 millio...

KPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...

The Bank of England appoints EY as its external au...

The Bank of England has appointed Ernst and Young LLP (EY) as its external auditor from the financial year ending 28 February 2025. Read More...

The PwC Australia Tax Scandal Explained: An Inside...

PwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...

Deloitte undergoes major restructuring to streamli...

Deloitte is restructuring to cut costs and streamline operations in response to a potential market slowdown. The overhaul will consolidate business un...

KPMG and Blue J launch AI tax tool

The tool, Ask Blue J, will revolutionize tax research, allowing KPMG to predict tax outcomes and ask detailed tax-related questions. Read More...

Deloitte announces scale back of regional deal adv...

Following a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...

PwC announces launch of new Cambridge-based digita...

PwC Cambridge launched a new digital accelerator – a 12-week Innovation Programme supported by Multinational Corporations collaborating with tec...

PwC launches AI assistant tool for tax services

The tax AI assistant tool cross references and has been trained on case law, legislation and other underlying sources, together with PwC UK’s own IP R...

Slowing client demand stems promotions at PwC

PwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...

The rise and fall of EY's Project Everest

EY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...