Accounting news in the UK | Page 4

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

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Calls for Big Four competition probe as Grant Thornton pulls FTSE 350 audit bids Grant Thornton has withdrawn from bidding for FTSE 350 audit tenders, which it claims cost the firm as much as £300,000 an attempt, while rarely yielding a new contract.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
Grant Thornton poaches South Korean member firm from BDO Grant Thornton has added Daejoo Accounting Corporation, a South Korea based business advisory that previously was part of BDO, to its international network.
12 May 2016
PwC closes down 7 offices in Germany, leaves staff grumbling Seven of PwC’s offices closed down in Germany last year, as the firm sought to save itself €25 million per year in costs.
05 May 2016
Baker Tilly Ryan Glennon joins RSM and rebrands as RSM Baker Tilly Ryan Glennon, one of the larger accountancy and consultancy firms in Ireland, is severing its links with the Baker Tilly network and joining the RSM network instead.
22 April 2016
BDO opens 4 offices in Sweden and raids Grant Thornton BDO has added four new offices in Sweden. As part of the expansion drive, the firm also poached six partners and 14 professionals from rival professional services firm Grant Thornton.
11 April 2016
South-East firms Kreston Reeves and Spofforths to merge Accounting and consulting firms Kreston Reeves and Spofforths have decided to merge on 1st June 2016.
17 March 2016
50 Grant Thornton professionals move to rival BDO BDO has significantly bolstered its footprint in Italy with the addition of nearly 50 professionals from Grant Thornton, including seven partners, taking its total employee base in the country to aro
04 February 2016

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