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...

Deloitte to cut bonuses and slow promotions due to...

Deloitte UK will reduce bonuses and slow promotions across parts of the firm after its technology and transformation (T&T) consulting division mis...

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 ...

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...

EY names Alison Duncan as first woman UK chair

Alison Duncan EY has named Alison Duncan as its next UK chair, subject to a partner vote, marking a significant governance shift and historic leadersh...

PwC fined £2.9m over audit failures at Gupta’s Wye...

The Financial Reporting Council (FRC) has fined PwC £2.9 million and issued a severe reprimand over “serious failings” in its 2019 audit of Wyelands B...

EY axes 30 partners in biggest executive purge in ...

Ernst & Young (EY) is set to implement one of its most substantial partner redundancy initiatives in decades, aiming to safeguard profitability am...

KPMG to consolidate global partnerships in major r...

KPMG is set to merge dozens of its national affiliates in a sweeping overhaul of its global structure, aiming to boost growth and improve audit qualit...

The battle for AIM: Is PKF about to unseat BDO?

With BDO’s long-standing dominance under threat, is 2025 the year a new leader emerges in AIM auditing? Read More...

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...