Accounting news in the UK

An overview of news, trends and research in the Accounting industry in the UK:

Moore Kingston Smith expands into Northern Ireland Moore Kingston Smith has continued its consolidation across the island of Ireland, with the acquisition of a Belfast-headquartered audit and advisory firm.
22 August 2024
Consultants allegedly advising on avoiding Labour tax clampdown A professional from a leading accounting firm has been caught on camera allegedly advising the UK’s super wealthy on how to avoid millions of pounds in taxes.
14 August 2024
Evelyn Partners adds three northern offices of Haines Watts Evelyn Partners has acquired three regional offices from Haines Watts. The deal for the Leeds, Manchester and Newcastle offices will bolster Evelyn Partners’ team with over 100 new professionals.
08 August 2024
Chartered Accountants Ireland brings in automation to support students Chartered Accountants Ireland has rolled out robotic process automation across its institute. Automation services consultancy Future Workforce supported the process.
13 March 2024
PwC set to return as Sainsbury's auditor Reports in the British press suggest supermarket giant Sainsbury’s is set to re-appoint PwC as its auditor. The move would come a decade after the firm was replaced in the role by Big Four rival EY.
13 March 2024
MHA and MHA Moore and Smalley announce intention to merge UK accounting firms MHA and MHA Moore and Smalley have announced their intention to formally merge.
18 January 2024
Grant Thornton downgraded to audit industry second-tier Professional service firm Grant Thornton has lost its status as a ‘top-tier’ auditor, according to the regulatory findings of the Financial Reporting Council.
17 January 2024
Douglas Home & Co hails five years of inclusive trainee programme Professional services firm Douglas Home & Co is celebrating the completion of five years of its trainee programme.
29 September 2023
Misconceptions on accountancy careers create barriers for new generation New research shows that many young people have misconceptions about careers in accountancy which may be creating unnecessary barriers and preventing them from seeing it as an attainable option.
17 August 2023
Mazars and BDO receive watchdog warning not to drop risky clients Mid-market professional service firms Mazars and BDO have been warned by the UK's auditing watchdog that they risk breaching industry code, if they look to ditch problematic audit clients.
14 July 2023
PwC receives £1.7 million fine for BT audit Big Four firm PwC has picked up a million-pound find for failings relating to its audit for BT Group.
06 September 2022
Quintessentially and BDO to cut audit ties Reports in the British media suggest BDO is set to quit its role as auditor of Quintessentially.
25 August 2022
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
Settlement struck between Grant Thornton and Patisserie Valerie creditors Four years after the uncovering of accounting anomalies that would lead to the collapse of Patisserie Valerie, former auditor Grant Thornton has struck a multi-million-pound settlement for the result
30 June 2022
PwC probed over audits of construction groups Kier and Galliford Try As the UK’s accounting watchdog attempts to pressure the UK’s top accounting firms over a decline in standards, it has launched a new investigation into two PwC auditing contracts.
23 February 2022
FRC reprimands KPMG for Conviviality and Regenersis failings A member of the Big Four has once again been stung with a fine for audit failings in the UK.
28 January 2022
Things could be 'much worse' for Big Four if they oppose audit reforms With pressure still building on the UK’s auditing watchdog to address the number of accounting scandals toppling British companies, Big Four firms have been fired a blunt warning.
27 January 2022
Grant Thornton wins Sequoia audit role from KPMG Sequoia Economic Infrastructure Income Fund has announced the appointment of Grant Thornton as its new external auditor.
13 January 2022
Scottish professional services firm AAB secures growth investment Scottish accountancy and business services group AAB has received backing from private equity firm August Equity.
03 November 2021
UK firms should beware furlough 'clawback' as scheme ends The UK’s furlough scheme is finally winding down – something which could leave a number of firms financially exposed if they are not careful.
03 September 2021
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
KPMG fined £13 million for Silentnight misconduct KPMG has been severely reprimanded by an independent tribunal for misconduct, after a long-running case relating to the sale of the bedmaker Silentnight.
09 August 2021
Accounting sector seeks clarity on post-Brexit AML regulation Following the secession of the UK from the EU, many professional services firms feel they have been left in the dark about the application of new anti-money laundering rules.
02 June 2021
Senior KPMG Executive scrutinised amid M&C Saatchi investigation One of KPMG’s most senior executives faces scrutiny from the UK audit regulator over a series of errors in the accounts of M&C Saatchi.
20 April 2021
SAP to become BDO's biggest international audit client As BDO continues to gain ground on the audit market leaders of the UK, the firm has announced it has won another new client from the Big Four.
23 March 2021
New professional services firm SLJ launches in Warwickshire West Midlands based tax expert Simon Littlejohns has announced the launch of a new professional services firm in Stratford upon Avon.
11 November 2020
BDO passes Big Four audit contract tally in UK The dominance of the Big Four on the UK’s auditing market has taken a knock, with the news that BDO now holds more listed audit clients than PwC, KPMG, EY or Deloitte.
05 November 2020
Deloitte stung with record fine for Autonomy audit An independent tribunal has ordered Deloitte to pay a £15 million and a further £5.6 million in legal fees, after the firm was found to have broken the rules of the UK accounting watchdog.
14 October 2020
BDO may bail out Spanish sister firm after hefty audit fine The global network of audit and advisory firm BDO – including its UK office – may be forced to bail out its Spanish wing, after it was stung with a massive penalty for its alleged role in an accounting scandal.
13 October 2020
Oxford Instruments to replace KPMG with BDO auditors Mid-tier professional services firm BDO will take up the audit contract of Oxford Instruments from the financial year commencing 1 April 2020.
09 March 2020
KPMG replaced by BDO as Wincanton auditor BDO has secured the auditing contract of logistics firm Wincanton, with the role commencing from April 2020.
05 March 2020
Mazars prizes AIG audit from grasp of Big Four One of the world’s largest insurers has lined up an accounting firm from beyond the professional services world’s Big Four.
26 February 2020

1
2
3
4
5
»

About Consultancy.uk

Consultancy.org network

Consultancy.org network

Consultancy.org

Consultancy.org is the world’s premier online platform for the consulting industry with 12 websites globally. Consultancy.org works with 600+ leading consultancies in 100+ countries.