FRC launches ‘scalebox’ to help smaller firms challenge Big Four dominance
Audit

FRC launches ‘scalebox’ to help smaller firms challenge Big Four dominance

3d Accountancy Age

FRC launches ‘scalebox’ to help smaller firms chal...

The Financial Reporting Council has unveiled a new scalebox initiative to mentor smaller audit firms and improve competition with the Big Four. Read M...

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S&W boosts northern audit team with experienced KPMG hire
Audit

S&W boosts northern audit team with experienced KPMG hire

4d Accountancy Age

S&W boosts northern audit team with experienced KP...

S&W has appointed Chris Vaulks as a partner in its audit practice, expanding the firm’s capabilities in the technology, construction, and manufact...

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Forvis Mazars integrates EcoOnline platform for audit-ready ESG data
Accounting Firms

Forvis Mazars integrates EcoOnline platform for audit-ready ESG data

1w Accountancy Age

Forvis Mazars integrates EcoOnline platform for au...

Forvis Mazars has partnered with global software provider EcoOnline to improve ESG reporting and assurance for clients in Singapore, supporting compli...

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Deloitte brings nearly 1,500 new graduates and apprentices into UK workforce
Accounting Firms

Deloitte brings nearly 1,500 new graduates and apprentices into UK workforc...

2w Accountancy Age

Deloitte brings nearly 1,500 new graduates and app...

Deloitte is set to onboard almost 1,500 graduates, apprentices and industrial placement students across 17 UK offices, with a further 98 joining in De...

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New money laundering threats put accountants on alert
Audit

New money laundering threats put accountants on alert

3w Accountancy Age

New money laundering threats put accountants on al...

The 2025 National Risk Assessment confirms accountancy services remain at high risk of money laundering, but highlights a more complex threat environm...

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WHSmith stands by CEO as accounting scandal reverberates across UK boardrooms
Audit

WHSmith stands by CEO as accounting scandal reverberates across UK boardroo...

3w Accountancy Age

WHSmith stands by CEO as accounting scandal reverb...

WHSmith’s board is backing chief executive Carl Cowling as it investigates £30m accounting errors that cut profit forecasts and wiped £600m off its va...

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Gerald Edelman appoints new UK audit partner
Accounting Firms

Gerald Edelman appoints new UK audit partner

3w Accountancy Age

Gerald Edelman appoints new UK audit partner

Gerald Edelman has appointed Tom Harris as its new audit partner, expanding the leadership team as the firm continues to grow and diversify its client...

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

Revolut taps EY for 2026 audit after BDO revenue concerns

1m 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...

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

Baker Tilly adds UAE firm to expand Middle East footprint

2m 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...

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

FTSE AIM 100: PwC and BDO battle for value

2m 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...

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Gerald Edelman acquires Surrey firm Vista Partners
Accounting Firms

Gerald Edelman acquires Surrey firm Vista Partners

2m 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...

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

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

2m Accountancy Age

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

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

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Deloitte's Glencore audits under FRC scrutiny
Audit

Deloitte's Glencore audits under FRC scrutiny

2m 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...

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Half of UK accountancy firms open to private equity
Accounting Firms

Half of UK accountancy firms open to private equity

2m 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...

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

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

2m 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...

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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

2m 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...

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

KPMG replaced by small firm as P&O Ferries auditor

2m 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...

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BDO flagged by FRC over audit quality concerns
Accounting Firms

BDO flagged by FRC over audit quality concerns

2m 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...

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

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

2m 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...

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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?

2m 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 ...

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

ICAEW proposes four principles to future-proof reporting accountants

3m 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...

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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...

3m 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...

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

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

3m 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...

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FRC sets out plans for UK sustainability assurance standard
Accounting Standards

FRC sets out plans for UK sustainability assurance standard

3m 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...

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

One in ten audits flagged for 'major improvements'

4m 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...

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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

4m 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 ...

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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

4m 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...

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