FRC introduces £10m sanctions for Big Four firms
Audit

FRC introduces £10m sanctions for Big Four firms

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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

7y Accountancy Age

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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Financial Power List 2018: 1-5 revealed
Accounting Firms

Financial Power List 2018: 1-5 revealed

7y Accountancy Age

Financial Power List 2018: 1-5 revealed

Here we reveal the top 5 individuals we feel will have the greatest impact on the accountancy industry in 2018 Read More...

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PwC to switch to 100% renewable energy by 2022
Big Four

PwC to switch to 100% renewable energy by 2022

7y Accountancy Age

PwC to switch to 100% renewable energy by 2022

The firm made this pledge as part of plans to reduce its carbon footprint by 40% by 2022 Read More...

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Manchester United tops Deloitte rankings as world’s highest earning football club
Big Four

Manchester United tops Deloitte rankings as world’s highest earning footbal...

7y Accountancy Age

Manchester United tops Deloitte rankings as world’...

The club topped the list for the second year running, beating out Real Madrid by only €1.7m – the narrowest ever margin between the top two spots Read...

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Former KPMG partners charged over PCAOB data leaks
Audit

Former KPMG partners charged over PCAOB data leaks

7y Accountancy Age

Former KPMG partners charged over PCAOB data leaks

Former PCAOB employees allegedly leaked confidential data to KPMG to help it pass audit inspections Read More...

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PwC slapped with 2 year audit ban in India
Audit

PwC slapped with 2 year audit ban in India

7y Accountancy Age

PwC slapped with 2 year audit ban in India

The ban follows PwC’s failure to detect fraud over $1bn at Satyam Computer Services in one of the country’s largest corporate scandals Read More...

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Whistleblower sues EY over Dubai gold refinery scandal
Big Four

Whistleblower sues EY over Dubai gold refinery scandal

7y Accountancy Age

Whistleblower sues EY over Dubai gold refinery sca...

Rihan says EY failed to disclose the gold company's improper activities and instead dismissed him and branded him a troublemaker Read More...

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KPMG resigns from Grenfell Inquiry following conflict of interest concerns
Big Four

KPMG resigns from Grenfell Inquiry following conflict of interest concerns

7y Accountancy Age

KPMG resigns from Grenfell Inquiry following confl...

KPMG resigned as project management advisor to the Grenfell Inquiry following an open letter questioning potential conflicts of interest Read More...

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KPMG makes senior appointments in cyber security team
Big Four

KPMG makes senior appointments in cyber security team

7y Accountancy Age

KPMG makes senior appointments in cyber security t...

Cyber security expert David Ferbrache takes on the role of Chief Technology Officer, having previously been head of cyber and space at the Ministry of...

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Top 5 audit fines of 2017
Audit

Top 5 audit fines of 2017

7y Accountancy Age

Top 5 audit fines of 2017

This year has seen the FRC cracking down on audit misconduct, handing out a series of record fines to the Big Four firms. Here are some of the biggest...

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KPMG reports 5% increase in revenues, but drop in profits
Big Four

KPMG reports 5% increase in revenues, but drop in profits

7y Accountancy Age

KPMG reports 5% increase in revenues, but drop in ...

Despite this, the firm reported a 19.5% reduction in profits Read More...

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Deloitte hires ex-HSBC global head of IFRS as partner
Big Four

Deloitte hires ex-HSBC global head of IFRS as partner

7y Accountancy Age

Deloitte hires ex-HSBC global head of IFRS as part...

The Big Four firm has appointed former global head of IFRS at HSBC as a partner in the UK banking and capital markets team Read More...

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EY to audit Standard Chartered bank
Audit

EY to audit Standard Chartered bank

8y Accountancy Age

EY to audit Standard Chartered bank

EY will replace KPMG, who have audited Standard Chartered since 1970 Read More...

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Deloitte appoints former RBS Group Strategy Director as partner
Big Four

Deloitte appoints former RBS Group Strategy Director as partner

8y Accountancy Age

Deloitte appoints former RBS Group Strategy Direct...

The firm has appointed Richard Kibble as partner in its financial services team Read More...

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EY UK reports revenue growth of 9.2%
Accounting Firms

EY UK reports revenue growth of 9.2%

8y Accountancy Age

EY UK reports revenue growth of 9.2%

The firm saw growth across all four service lines in the past year, and an overall fee income growth of 9.2% to £2.35bn Read More...

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KPMG and Barclays sued for 'engineering' administration of quarrying company
Big Four

KPMG and Barclays sued for 'engineering' administration of quarrying compan...

8y Accountancy Age

KPMG and Barclays sued for 'engineering' administr...

Both Barclays and KPMG strongly refute allegations they conspired to lead a subsidiary into administration Read More...

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KPMG makes UK head of automotive appointment
Big Four

KPMG makes UK head of automotive appointment

8y Accountancy Age

KPMG makes UK head of automotive appointment

Justin Benson has worked in the automotive sector for over 10 years, and has been at KPMG since 2000, most recently holding a director role Read More...

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