Tag: Audit
about 1 year ago
cityam.com

KPMG stands behind audit of Silicon Valley Bank, accounting firm's US chief says

The chief executive of KPMG’s US business has said the Big Four accounting firm stands behind its audit of Silicon Va...

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about 1 year ago
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EY puts global split on hold following fight over tax business

EY’s plans to split its audit division from its consulting arm are on the brink of collapse amid a fight over the fut...

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about 1 year ago
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PwC fined £7.5m over repeated failures in audit of Babcock International's accounts

Britain’s accounting watchdog has fined PwC and two of its former partners a combined sum of almost £8m over repeated...

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about 1 year ago
cityam.com

EY to push ahead with mid-year promotions after KPMG calls off April round

EY has said it is pushing ahead with this year’s round of mid-year promotions “as normal,” following reports that Big...

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over 1 year ago
cityam.com

Germany to launch new enforcement agency to strengthen fight against white-collar crime

Germany has set out plans to start a new country-wide financial crime authority with a view to strengthening the coun...

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over 1 year ago
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The Big Four's legal ventures should worry mid-tier law firms

THE BIG Four’s first forays into the legal sector in the 1990s ended in abject failure. Yet over the past decade, the...

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over 1 year ago
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PwC sued by employee over pub crawl brain injury

A 28-year-old auditor, who suffered a serious brain injury on a work night out, is suing PwC over claims the firm bea...

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over 1 year ago
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Deloitte to hire 6,000 new UK staff over next five years

Deloitte today set out plans to hire more than 6,000 new UK employees over the next five years in a bid to boost the ...

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over 1 year ago
cityam.com

Less than 62,000 of UK's one million trusts registered with HMRC just two weeks before deadline

Only a tiny proportion of those who own non-taxable trusts have registered them with HM Revenues and Customs’ (HMRC’s...

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over 1 year ago
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PwC partners take payouts of £920,000 each as consulting arm bolsters revenues

PwC today posted “exceptional” results for the past financial year after surging demand for advice, in the face of “c...

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almost 2 years ago
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PwC to face Hong Kong probe over Evergrande audit

Hong Kong’s audit watchdog has launched an investigation into PwC over its audit of embattled Chinese real estate dev...

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almost 2 years ago
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UK's professional services sector weathers economic headwinds

The UK’s professional services sector has continued to grow its turnovers in the face of major economic headwinds, ne...

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almost 2 years ago
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Five Chinese firms vow to delist from US markets amid long running audit dispute

Five Chinese state-owned companies have said they will pull themselves off the New York stock exchange amid long-runn...

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almost 2 years ago
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UK audit body opens consultation on plans to update public sector accounting guidance

The UK’s Public Audit Forum (PAF) has opened a consultation on revising the guidance on auditing public sector entiti...

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almost 2 years ago
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Mazars discriminated against XTX Markets' Russian owner, lawsuit says

London trading company XTX Markets is suing accountancy firm Mazars over claims it discriminated against its founder,...

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almost 2 years ago
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PwC fined over BT audit failings following discovery of £512m fraud

The UK’s accounting watchdog today fined PwC £2.5m over claims it failed to properly scrutinize BT accounts following...

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almost 2 years ago
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Big Four auditors up advisory fee incomes as challengers capture larger share of audit work

The UK’s challenger auditing firms are increasingly capturing a larger share of Britain’s audit market, as the Big Fo...

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almost 2 years ago
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PwC global digital assets chief leaves to launch 'crypto asset manager'

The head of PwC’s crypto business has left his position at the Big Four accountancy firm to launch his own “crypto as...

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almost 2 years ago
cityam.com

Auditors should stop 'complaining' about fines and improve the quality of their work, FRC chief says

The head of the UK’s accounting watchdog has said Britain’s major auditors should stop “complaining” about fines and ...

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almost 2 years ago
cityam.com

KPMG's UAE business holds meeting with clients to restore confidence in firm

The chief executive of KPMG’s business in the United Arab Emirates (UAE) has held a series of face-to-face meetings w...

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almost 2 years ago
cityam.com

EY's split could have 'distinct benefits,' FRC chief says

EY’s plans to split its business would have “distinct benefits,” the head of the UK’s accounting watchdog has said. T...

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almost 2 years ago
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UK's financial watchdog fines three Carillion executives over misleading statements

The UK’s financial watchdog today fined three former Carillion executives for “recklessly” publishing misleading stat...

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almost 2 years ago
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High profile scandals saw UK's audit watchdog hand out record £46.5m in fines last year

The UK’s Financial Reporting Council (FRC) issued a record £46.5m in fines over the past year, after the audit watchd...

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almost 2 years ago
cityam.com

UK accounting watchdog fines KPMG over Carillion and Regenersis audits

The UK’s accounting watchdog has fined KPMG £14.4m and told it to pay £3.95m in costs for providing false and mislead...

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almost 2 years ago
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PwC ups pay for newly-qualified lawyers to £90,000 a year

Big Four accounting firm PwC has upped pay for newly qualified (NQ) lawyers working in its fast-expanding UK legal bu...

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almost 2 years ago
cityam.com

KPMG to rerun vote for head of UAE firm after partners raise governance concerns

The head of KPMG’s business in the United Arab Emirates (UAE) has said the firm will rerun the election for his posit...

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almost 2 years ago
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Global split could let EY bring in extra $10bn in Silicon Valley advisory fees, firm chief says

A global split could let EY bring in an extra $10bn in advisory fees from the world’s major tech companies, by freein...

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almost 2 years ago
cityam.com

UK accounting watchdog calls on top auditors to put in place measures to stop cheating on exams

The UK’s accounting watchdog has called on the country’s major audit firms to put measures in place to prevent employ...

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almost 2 years ago
cityam.com

Grant Thornton slapped with multi-million pound fine after FRC calls out 'serious failings' in Sp...

The UK’s accounting watchdog today hit Grant Thornton with a £2.05m over “serious failings” in its audits of high-str...

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almost 2 years ago
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PwC set for record revenues as global chief rejects plans for split

The global head of PwC has said the accounting firm is set to post record revenues of around $50bn this year, after s...

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almost 2 years ago
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UK's audit watchdog sets out plans to shakeup Britain's accounting sector

The UK’s accountancy watchdog has vowed to put in place a raft of new measures to increase standards in the UK’s audi...

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almost 2 years ago
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Wirecard forged client list to secure £760m investment from SoftBank

German payments processer Wirecard forged client data in its efforts to secure €900m (£760m) in investment from Japan...

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almost 2 years ago
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Professional services network Xeinadin buys up Doncaster accounting firm Smith Craven

London headquartered professional services firm Xeinadin has acquired Doncaster based accountancy firm Smith Craven. ...

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almost 2 years ago
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PwC partners set to record payouts of more than £1m

Partners at PwC are set to earn more than £1m each for the first time ever this year, after an “exceptional” trading ...

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almost 2 years ago
cityam.com

UK's cost of living crisis has created 'perfect conditions for fraud to flourish,' new report says

The UK’s cost of living crisis is creating the “ideal environment for fraudulent activity,” a new report from the Cha...

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almost 2 years ago
cityam.com

Wirecard's finance chief admits forging documents after facing pressure from KPMG

Wirecard’s former head of accounting has admitted forging documents, after coming under pressure to provide evidence ...

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almost 2 years ago
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EY agrees record $100m settlement with US regulator over ethics exam cheating scandal

EY has reached $100m (£82m) settlement with the US Securities and Exchanges Commission (SEC) over claims the Big Four...

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almost 2 years ago
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Grant Thornton settles £200m lawsuit with Patisserie Valerie's administrators

Grant Thornton has settled a £200m lawsuit with Patisserie Valerie’s bankruptcy administrators over its role in the c...

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almost 2 years ago
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UK's audit watchdog says it 'strongly supports' global ESG reporting standards

The UK’s audit watchdog has said it “strongly supports” the development of high-quality, global standards for reporti...

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