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Accounting news in the UK | Page 2
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No news found.
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
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
BDO appoints Jill Halford as Partner for audits in charity wing
As professional services firm BDO looks to build on its strong position in the UK as an alternative to the Big Four, Jill Halford has been appointed as an Audit Partner in the mid-tier firm’s chariti
15 November 2018
BDO grows junior market auditing lead over Big Four
The UK’s sixth-largest audit firm has reportedly extended its lead as the UK’s top auditor of mid-size, Alternative Investment Market firms.
12 November 2018
KPMG imposes self-enforced ban on non-audit work for FTSE 350
Reports circulated by the UK media have stated that KPMG is to stop undertaking non-audit work for FTSE-350 companies whose accounts it supervises.
09 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
Patisserie Valerie finds ‘potentially fraudulent’ accounting anomalies
One of the UK’s largest café chains faces a potential auditing crisis, as it struggles with a £20 million black hole in its accounts.
11 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
Grant Thornton calls for independent public body to appoint auditors
Britain’s fifth largest auditing and advisory firm has recommended a radical shake-up to the audit tendering process for large listed companies.
17 September 2018
British furniture company appoints KPMG administrators
A UK furniture producer has appointed administrators from Big Four firm KPMG, following a rocky start to 2018 for retailers and their suppliers.
07 August 2018
PwC steps back from Wasps role over 'falsified' information
Big Four firm PwC has resigned as auditor for Wasps Holdings, a group best known for its ownership of Wasps Rugby.
09 July 2018
PwC fined and Partner banned from accounting over BHS audit
Following an investigation into the collapse of British retailer British Home Stores, PwC and a former Partner of the firm have been fined on the grounds of ‘misconduct’.
29 June 2018
'Unacceptable deterioration' in auditing sees KPMG censured by FRC
The Financial Reporting Council has taken unprecedented steps to monitor the auditing work of KPMG.
28 June 2018
Scottish accounting firm AAB launches consulting division
Aberdeen headquartered accountancy Anderson Anderson & Brown (AAB) has launched a dedicated consulting firm as it bids to boost revenue growth.
08 June 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
FRC takes Deloitte to tribunal for $5 billion Autonomy scandal
Big Four firm Deloitte has become the latest professional services giant to face a probe from the Financial Reporting Council.
01 June 2018
Air Partner appoints interim finance boss after accounting failure
Following the resignation of former CFO Neil Morris, after an accounting error in the region of £4 million, professional services firm Air Partner has been searching for a replacement.
22 May 2018
FRC mulls KPMG investigation over Conviviality auditing
KPMG could face investigation by the Financial Reporting Council over its role in the collapse of Conviviality.
01 May 2018
Auditor questions Northamptonshire council consultant's role
Cash-strapped Northamptonshire County Council has come under fire from multiple angles, following the institution cutting £40 million from its budget amid claims it had wasted money on frivolous acti
13 April 2018
Calls for Big Four competition probe as Grant Thornton pulls FTSE 350 audit bids
Grant Thornton has withdrawn from bidding for FTSE 350 audit tenders, which it claims cost the firm as much as £300,000 an attempt, while rarely yielding a new contract.
30 March 2018
PwC partners Northern Trust to launch blockchain audits
Big Four professional services firm PwC has partnered global asset management company Northern Trust to launch a new blockchain-based auditing system.
22 March 2018
KPMG faces Carillion auditing investigation
Professional services firm KPMG is set to be investigated by the UK’s Financial Reporting Council over its role in the collapse of construction firm Carillion.
31 January 2018
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