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EY | News | Accounting

An overview of EY news in the UK:

Big Four foisting 'high risk' clients onto smaller competitors The Financial Reporting Council has found that the Big Four’s auditing function has collectively improved for two consecutive years.
28 July 2022
EY fined over flawed 2017 audit of Stagecoach Professional services giant EY has become the latest member of the Big Four to be stung with a multi-million pound fine for its accounting work. The company received a £3.
01 September 2021
Labour pledges to take on Big Four audit "cartel” The Big Four of PwC, KPMG, Deloitte and EY could face an audit-sector overhaul, should the Labour Party win the 2019 general election.
29 November 2019
EY and PwC also sold consulting work to Thomas Cook Big Four audit and advisory firms PwC and EY have come under scrutiny for selling consulting and accounting services to Thomas Cook in the lead up to the company’s collapse.
05 November 2019
CMA calls for audit market cap but stops short of Big Four break-up The Big Four audit and advisory firms face an unprecedented limit to their market share, following the conclusions of a probe by the UK’s competition ombudsman.
17 December 2018
Big Four rivals outline recommendations for changing UK audit market Some of the UK’s largest auditing and advisory firms have called for changes to the UK accounting scene, ahead of the Competition & Markets Authority’s industry probe.
22 November 2018
Scisys trades one Big Four auditor for another AIM-listed software company Scisys has appointed EY as its auditor after the resignation of KPMG from the role.
01 November 2018
Big Four accounting firms brace for competition probe from CMA As pressure continues to mount on the top figures of the auditing and advisory industry, the dominance of the Big Four in the accounting arena will now be the subject of a landmark competition probe.
15 October 2018
Big Four firms wary of Sports Direct's hunt for new auditor As competition rules have led to Grant Thornton having to stand aside as the auditor of Sports Direct, the retail group has been left struggling to replace the firm.
19 September 2018
Big Four maintains dominance of FTSE 100 and 250 audits Despite building pressure on watchdogs and UK lawmakers to break up the Big Four, the top accounting and advisory providers remain dominant in the UK auditing market after the first quarter of 2018.
04 June 2018
PwC replaced by EY as external auditor at Tate & Lyle Top UK-based food conglomerate Tate & Lyle has confirmed it has ended a 28-year relationship with former auditors PwC.
10 August 2017
Watchdog probes Deloitte audit of Mitie accounts Britain's accounting watchdog is investigating Deloitte's auditing of Mitie Group, the outsourcing company that issued a string of profit warnings last year.
08 August 2017
NAO takes over from EY as BBC auditor In its Annual Report and Accounts the BBC has confirmed that the end of its relationship with EY as the corporation’s official auditor. The National Audit Office and Sir Amyas Morse will become their external auditors for the financial year 2017-2018.
04 August 2017
European report calls for greater regulation of Big Four auditors A survey on global tax avoidance, prompted by the Panama papers scandal in 2016, has called for new measures to hold the auditing practices of Big Four firms Deloitte, EY, KPMG and PwC to account.
10 July 2017
EY to add 270 new recruits to 1,800 strong workforce in Ireland EY plans to add 270 new professionals to its 1,800-strong workforce in Ireland in the coming twelve months.
23 June 2016
35 most talented accounting & advisory professionals Platform Accountancy Age has released the 2015 edition of its ‘35 under 35’ ranking. This list recognises the 35 most talented accounting and advisory professionals under the age of 35.
26 May 2015
EY launches Assurance Scholarship at 3 UK universities EY has announced the launch of its Assurance Scholarship programme which aims to support 60 students across the University of Bath, University of Lancaster and University of Warwick. The scholarship offers a combination of financial support as well
18 February 2015
EY replaces Deloitte as Royal Bank of Scotland auditor EY has been selected by Royal Bank of Scotland to replace Deloitte as its auditor as of 2016. The decision follows new regulations that require companies to switch auditors every decade. As a result of EY’s new co
07 November 2014
EY looking for 15,500 new professionals in United States Professional services firm EY has plans to in the U.S. recruit 6,500 experienced hires and almost 9,000 students in the current fiscal year. The majority of the employees will be recruited for Advisory, its consulting practice that has b
03 November 2014
Big4 have 73% share in the UK accountancy market It should be no surprise that both the European Union and local governments are eagerly looking forward to introducing regulations to increase competition in the accountancy market. A new survey of Accountancy Age in the United Kingdom once again clear
10 September 2012
Spain is hiring Big4 firms for independent audit banking Spain has picked the "Big Four" accounting and consulting firms PwC, Deloitte, KPMG and Ernst & Young to carry out independent detaile
07 June 2012

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