Out now!

Consultancy.org App

Improve your experience.

Now available in your app store.

AppStore

GooglePlay

Accounting news in the UK | Page 2

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

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
Ted Baker appoints Deloitte to probe multi-million stock overstatement Troubled fashion retailer Ted Baker has drafted in investigators from Deloitte to probe an accounting mishap that saw it overstate the value of its stock by up to £25 million.
10 January 2020
Vultures circle as RSM admits internal accounting blunder As it looks to win lucrative auditing work from disgruntled clients of the Big Four, mid-tier professional services firm RSM has been caught out regarding its own accounts.
08 January 2020
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
PwC to replace rival KPMG in ITV audit role Following the news KPMG was not competing to continue in its role as ITV’s external auditor, rival PwC has swooped to pick up the valuable accounting contract.
27 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
Susan Roberts and Yomi Solanke join Grant Thornton Scotland Professional services firm Grant Thornton UK has made two senior hires to its Aberdeen team.
13 September 2019
KPMG faces potential lawsuit regarding Carillion audit Following the collapse of Carillion at the start of 2018, Big Four professional services firm KPMG has been under sustained scrutiny from UK regulators, the press and even Parliament.
12 August 2019
RSM makes two senior appointments in Hull As it prepares for heightened demand, RSM’s Hull office has appointed a new Partner and Tax Director.
09 August 2019
Grant Thornton to finally exit Sports Direct role Sports Direct is reportedly set to ramp up its efforts to find a new auditor, with incumbent accounting contractor Grant Thornton having confirmed it will quit the role.
06 August 2019
BDO trialling virtual reality game for recruitment Auditing and advisory firm BDO has announced it is trialling virtual reality game for new hires.
19 July 2019
FRC fines Deloitte £4 million over Serco tagging scandal Deloitte has been hit with a fine of more than £4 million by the Financial Reporting Council, after it failed to act with professional competence during 2011 and 2012 audits of Serco’s Geogafix in 2
16 July 2019
Mazars purchases medical auditing specialist Hall Liddy Professional services firm Mazars has added specialist accountancy Hall Liddy to its UK offering, giving it access to 2,600 clients across the medical sector.
12 July 2019
PwC wins tender to replace rival KPMG at Cineworld Cineworld has selected PwC to replace KPMG as external auditor following a tender process launched to keep the company “in accordance with good corporate governance policy on audit rotation.” The move comes s
28 June 2019
PwC stung with fine for 'serious lack of competence' In a startlingly blunt assessment of PwC’s accounting work for Redcentric, the UK’s auditing watchdog has said the firm exhibited a “lack of competence”, before slapping a fine of more than £4 millio
20 June 2019
Charity sector sees audit bill spiral by £10 million Charities across the UK have been left wondering if their auditors are delivering them value for money, with the reporting that the UK’s largest third sector entities have seen an additional £10 mill
19 June 2019
KPMG to restructure its UK audit business With the Big Four routinely coming in for criticism from the UK’s auditing watchdog, KPMG has taken action to offset further calls for the break-up of its accounting and consulting wings.
04 June 2019
BDO or Mazars to oust Big Four as Goldman Sachs UK auditor The cloud of controversy hanging over the world’s four largest professional services firms seems to have cost the companies dearly, as Goldman Sachs has announced it will look beyond them when appoin
16 May 2019
Deloitte wins CRH role from Big Four rival Big Four professional services firm Deloitte has secured a new contract as the external auditor of constructions industry manufacturer CRH. The firm will replace rival EY in the role as of 2020.
14 March 2019
Accounting error adds £40 million to Kier Group debts Global construction company Kier Group has announced it has an additional £40 million of debt, following an accounting error.
14 March 2019
Auditing own-goal sees Goals Soccer Centres issue profit warning Scottish five-a-side football firm Goals Soccer Centres has seen its share price slump, following its issue of a second profit warning in the wake of uncovered accounting errors.
12 March 2019
PwC criticised for alleged conflicts of interest auditing Staffline PwC has been accused of ignoring conflicts of interest at a listed audit client, at which two senior members of staff were former members of the Big Four firm.
06 March 2019
Grant Thornton comes under scrutiny for Sports Direct role Global auditing and advisory firm Grant Thornton has been attacked by critics for its accounting role for Sports Direct.
19 February 2019
FRC consults on third country auditors to prepare for Brexit With Brexit preparations in disarray, the Financial Reporting Council has opened a consultation with auditors in anticipation of a No Deal scenario.
21 January 2019
Union calls for Carillion criminal investigation one year on Following a succession of additional scandals worsening the blow of the Carillion scandal, one of the UK’s leading workers’ rights organisation has called on the Government to take more stringent act
17 January 2019
Kingman Review says FRC should be replaced 'as soon as possible' The UK’s accounting watchdog has come under fire from an independent review, which has called for its urgent replacement.
16 January 2019
RSM replaces Grant Thornton as Patisserie Valerie auditor Months after a £20 million accounting black hole was found in the books of Patisserie Valerie, the British café chain has changed its auditing provider.
15 January 2019
PwC uses drone to assist audit in global first Big Four firm PwC has piloted the use of a drone for an audit of a client in the energy sector, in a global first for the firm.
07 January 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
Outsourcer Interserve's rescue plan sparks share slide Embattled government contractor Interserve has announced that a plan to reduce its debt by issuing new shares.
13 December 2018

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.

AppStore

GooglePlay