Deloitte to manage Gaucho administration with hundreds of jobs at stake

Big Four Deloitte to manage Gaucho administration with hundreds of jobs at stake

3y Lucy Skoulding, Reporter

Deloitte to manage Gaucho administration with hund...

Over 500 jobs already lost as Big Four firm moves its focus from Poundworld to the Gaucho group Read More...

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Big Four firm EY appoints 71 new equity partners

Big Four Big Four firm EY appoints 71 new equity partners

3y Lucy Skoulding, Reporter

Big Four firm EY appoints 71 new equity partners

EY continues on its upward trajectory by hiring 71 new equity partners, smashing the target for BME partners but falling short of the target for femal...

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FRC fines reach record high after 24% increase this year

Audit FRC fines reach record high after 24% increase this year

3y Alia Shoaib, Reporter

FRC fines reach record high after 24% increase thi...

After a string of high profile audit failings, including the collapse of Carillion, the FRC has been under increasing pressure from the government and...

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PwC replaces Deloitte as Linklaters auditor after Arsenal lawsuit

Audit PwC replaces Deloitte as Linklaters auditor after Arsenal lawsuit

3y Alia Shoaib, Reporter

PwC replaces Deloitte as Linklaters auditor after ...

The conflict began when Arsenal stakeholder Lady Nina Bracewell-Smith filed a professional negligence claim against the Big Four and magic circle firm...

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PwC ordered to pay $625.3m over failure to detect Colonial Bank fraud

Audit PwC ordered to pay $625.3m over failure to detect Colonial Bank fraud

3y Alia Shoaib, Reporter

PwC ordered to pay $625.3m over failure to detect ...

A US federal judge found that as auditor PwC was negligent and failed to detect £2bn fraud which spanned several years Read More...

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FRC to investigate KPMG’s Conviviality audit

Audit FRC to investigate KPMG’s Conviviality audit

3y Alia Shoaib, Reporter

FRC to investigate KPMG’s Conviviality audit

The FRC is investigating KPMG over its 2017 audit of Conviviality, which went into administation in April after finding an unexpected tax bill of £30m...

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FRC opens investigation into Deloitte’s audits of SIG

Audit FRC opens investigation into Deloitte’s audits of SIG

3y Alia Shoaib, Reporter

FRC opens investigation into Deloitte’s audits of ...

The investigation comes months after shareholders voted to remove Deloitte as auditor in an unusual rebellion, and will focus on the audit of cash and...

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PwC auditor spent just two hours on BHS audit, says chairman

Audit PwC auditor spent just two hours on BHS audit, says chairman

3y Alia Shoaib, Reporter

PwC auditor spent just two hours on BHS audit, say...

In a damning email circulated to PwC partners, Kevin Ellis said Steve Denison spent only two hours on the audit and backdated his audit opinion Read M...

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FRC reports an “unacceptable deterioration” in KPMG audit quality

Audit FRC reports an “unacceptable deterioration” in KPMG audit quality

3y Alia Shoaib, Reporter

FRC reports an “unacceptable deterioration” in KPM...

The report found that half of KPMG's audits needed more than limited improvements, and will now increase scrutiny on the firm's upcoming audit work Re...

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PwC fined a record £10m over BHS audit

Audit PwC fined a record £10m over BHS audit

3y Alia Shoaib, Reporter

PwC fined a record £10m over BHS audit

The record fine comes after a two-year investigation into BHS’s 2014 audits, which PwC had signed off on just days before its sale for £1 Read More...

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KPMG fined £4.5m over Quindell audit misconduct

Audit KPMG fined £4.5m over Quindell audit misconduct

3y Alia Shoaib, Reporter

KPMG fined £4.5m over Quindell audit misconduct

The firm admitted to two counts of misconduct and said that it "should have gone further" in challenging the scandal-ridden company's accounts Read Mo...

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PwC to net £50m from Carillion insolvency

Accounting Firms PwC to net £50m from Carillion insolvency

3y Alia Shoaib, Reporter

PwC to net £50m from Carillion insolvency

The NAO report revealed that Carillion's insolvency will cost the taxpayer £148m while PwC will net £50m, a figure that has been questioned by MPs Rac...

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Deloitte faces disciplinary action over Autonomy accounts scandal

Audit Deloitte faces disciplinary action over Autonomy accounts scandal

3y Alia Shoaib, Reporter

Deloitte faces disciplinary action over Autonomy a...

The FRC has brought disciplinary action against Deloitte auditors over their failure to adequately challenge issues with Autonomy’s accounts, which le...

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HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

Big Four HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

3y Alia Shoaib, Reporter

HMRC’s refusal to raid top Tory donor Lycamobile t...

After a French probe into Lycamobile uncovered money laundering and tax fraud, HMRC refused to raid the company, citing its political donations Read M...

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Deloitte to review Abraaj finances after investors question KPMG review

Big Four Deloitte to review Abraaj finances after investors question KPMG review

3y Alia Shoaib, Reporter

Deloitte to review Abraaj finances after investors...

Abraaj's troubles began when four investors, including the Bill & Melinda Gates Foundation, alleged that money intended for medical projects had b...

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KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

3y Alia Shoaib, Reporter

KPMG South Africa to review past audit work amid f...

The firm has launched a review into all audit work completed in the past 18 months and will conduct background checks of staff every two years, follow...

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FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

3y Alia Shoaib, Reporter

FRC introduces £10m sanctions for Big Four firms

After increased pressure to take a tougher stance against Big Four firms for audit breaches, the FRC has implemented a range of sanctions Read More...

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Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

3y Alia Shoaib, Reporter

Ukraine’s PrivatBank files $3bn claim against PwC

PwC said it plans to defend its position "vigorously" Read More...

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Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

3y Alia Shoaib, Reporter

Grant Thornton to exit FTSE 350 audit market, citi...

The firm has taken the strategic decision to move away from tendering for FTSE 350 audit work until there is a "shift in the competitive landscape" Re...

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KPMG’s former Brexit head to lead its financial crime practice

Big Four KPMG’s former Brexit head to lead its financial crime practice

3y Alia Shoaib, Reporter

KPMG’s former Brexit head to lead its financial cr...

After over 30 years experience at the firm Karen Briggs will head up its financial crime practice in the UK Read More...

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PwC’s gender pay gap highest of Big Four

Big Four PwC’s gender pay gap highest of Big Four

3y Alia Shoaib, Reporter

PwC’s gender pay gap highest of Big Four

Across the firm’s entire workforce, including partners, PwC reports a mean gender pay gap of 43.8% Read More...

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KPMG releases partner pay gap data

Big Four KPMG releases partner pay gap data

3y Alia Shoaib, Reporter

KPMG releases partner pay gap data

The firm reported a 42% mean pay gap between all male and female employees, including partners Read More...

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Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3y Alia Shoaib, Reporter

Big Four dominate FTSE 250 audit market in Q1 rank...

Auditor rankings reveal that 241 of FTSE 250 companies are audited by Big Four firms Read More...

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Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

Audit Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

3y Alia Shoaib, Reporter

Deloitte’s audits of Hezbollah-linked bank to be e...

In a landmark ruling, a Dubai judge said the court will hear whether Deloitte Middle East was negligent as auditor of the Lebanese Canadian Bank Read ...

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PwC pay gap review finds “no evidence of gender bias” at BBC

Audit PwC pay gap review finds “no evidence of gender bias” at BBC

4y Alia Shoaib, Reporter

PwC pay gap review finds “no evidence of gender bi...

Although it did not find evidence of overt gender bias, the report outlined “anomalies that need addressing” in the broadcaster’s pay structures Read ...

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Shareholders bring lawsuit against Steinhoff and Deloitte

Audit Shareholders bring lawsuit against Steinhoff and Deloitte

4y Alia Shoaib, Reporter

Shareholders bring lawsuit against Steinhoff and D...

Law firm BarentsKrans has commenced legal proceedings against Steinhoff and its auditor Deloitte on behalf of aggrieved shareholders of the retail com...

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David Sproul, Senior Partner and Chief Executive, Deloitte

Accounting Firms David Sproul, Senior Partner and Chief Executive, Deloitte

4y Lucy Skoulding, Reporter

David Sproul, Senior Partner and Chief Executive, ...

We are likely to see Sproul leading Deloitte in even more growth this year as well as making changes to embrace technology and the changing role of th...

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