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Accounting news in the UK | Page 3
An overview of news, trends and research in the Accounting industry in the UK:
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No news found.
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
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
PKF Cooper Parry ramps up headcount across the Midlands
Fast-growing Midlands accounting consulting firm PKF Cooper Parry has added three new hires and a wave of promotions in the East and West Midlands offices.
14 July 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
Mazars UK sees revenue grow by 7% to £160 million
Mazars UK saw its revenue grow by 7% last year to £160 million, continuing a winning run.
24 April 2017
PwC UK to add 1,000 technology specialists to Risk Assurance unit
Digital technology comes with costs, as cyber security threats mount and global cyber-crime damage hits $400 billion per year.
19 September 2016
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
PwC launches cloud based accounting service PwC Next
PwC’s cloud based accounting platform, PwC Next, is looking to work together with Australian and New Zealand based tech startups.
25 May 2016
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