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| Accounting | Page 2
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No news found.
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
Financial professional services could add £16 billion in taxes by 2025
UK accounting and legal firms paid £15.5 billion in taxes last year.
30 October 2017
Management consultants can soon earn chartered status
The Management Consultancies Association (MCA) has unveiled plans that will allow management consultants to earn chartered status.
26 September 2017
The top 10 tax accountants and advisors of the UK
The prestigious Spear’s Top Tax Advisors list gives an annual insight into the key movers and shakers in one of the most important revenue streams in the consulting world.
13 September 2017
PwC fined £5 million for ‘misconduct’ in Connaught audit
Big Four accounting firm PwC has been charged with ‘misconduct’ over its auditing services and has to pay the £5 million, the largest fine ever to be administrated by the Financial Reporting Council,
17 August 2017
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
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