accountancy
- Finance
Audit regulator puts questions to firms on bullying, sexual harassment
The audit regulator is asking firms how many of their senior staff have been involved in complaints ranging from bullying…
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KPMG slammed by watchdog for ‘untruthful defence’ in Silentnight tribunal
KPMG has been criticised by the audit watchdog for putting forward an “untruthful defence” in a misconduct hearing related to…
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Evergrande got a clean bill of health from PwC despite heavy debt
Last year as China Evergrande’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government…
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Grant Thornton fined £4m for audit failure at Patisserie Valerie
Grant Thornton has been fined £4m and severely reprimanded by the audit watchdog for failing to spot allegedly fraudulent accounting…
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KPMG goes to High Court over Patisserie Valerie administration dispute
KPMG is set to take a dispute over its role in the administration of failed café chain Patisserie Valerie to…
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Deloitte execs share £14m profit after Covid-19 contract boom
Profit for key executives at Deloitte has jumped to an average of more than £1.5m in a year where the firm’s…
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Deloitte under investigation for Essar Oil audit
Deloitte is reportedly being investigated in connection with its auditing of refinery company Essar Oil UK. Deloitte resigned as the…
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Watchdog launches probe into Mazars’ audit of French Connection
The Financial Reporting Council has opened an investigation into Mazars’ audit of clothing chain French Connection. The audit watchdog said…
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KPMG-audited German fund firm reveals years-long compliance failure in UK arm
A German fund group audited by KPMG has not complied with UK law in its London arm for years, Financial…
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PwC’s working class employees paid 12% less than peers
Big Four audit firm PwC UK has said that 14% of its staff come from working class backgrounds and tend…
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MPs blast ‘Wild West’ insolvency industry in damning report
A cross-party group of MPs has blasted the UK’s “Wild West” insolvency industry, which they say suffers from widespread structural…
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KPMG UK targets a third of partners from working class backgrounds
Big Four accountancy firm KPMG UK is aiming to have nearly a third of its partners and senior staff come from…
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Watchdog accuses KPMG of providing false information during Carillion, Regenersis audit inspections
The UK’s accounting regulator has hit KPMG, a former partner and certain current and former employees, with a disciplinary formal complaint…
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Watchdogs crack down on inaccurate disclosures amid cybersecurity debates
Companies must pay closer attention to what they say after hackers strike, lawyers warn, as regulators crack down on inaccurate…
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Big Four under pressure to split chief exec and chair roles under new watchdog rules
The Big Four audit firms are under pressure to split the role of chief executive and chair under fresh proposals…
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EY fined £3.5m over Stagecoach audit failure
The UK’s Financial Reporting Council has issued a fine of £3.5m to accountancy firm EY and its former auditing engagement…
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KPMG urges staff to whistleblow in bid to halt ‘leaky sieve’ after CEO’s exit
Bosses at KPMG are pushing staff to use its existing whistleblowing technology to raise their concerns about the Big Four…
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KPMG appoints new head of ESG to replace outgoing vice-chair
KPMG has appointed John McCalla-Leacy as its new UK head of environmental social and governance. McCalla-Leacy is joint UK head…
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PwC partner accused of leaking client information in £63m lawsuit exits firm
A senior PwC partner who has been accused in a £63m lawsuit of leaking sensitive client information has left the…
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EY in $10m settlement over SEC’s bid violations probe
Ernst & Young will pay $10m to settle a regulatory investigation into allegations that it improperly obtained confidential information in…
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KPMG slammed by watchdog for ‘unacceptable’ bank audit failures
Big Four accountancy firm KPMG has been criticised by the Financial Reporting Council for an “unacceptable” failure to improve its audits…
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PwC UK promotes 63 to partner — here are the names
Big Four consulting firm PwC has promoted 63 new partners, with its deals practice receiving the lion’s share of the…
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KPMG faces fine in excess of £15m for ‘grave misconduct’ over Silentnight private equity sale
KPMG is facing a fine in excess of £15m for its “grave misconduct” in relation to the sale of mattress…
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KPMG hits back at claims it ran ‘dishonest defence’ in Silentnight tribunal
A barrister for KPMG has denied the Big Four audit firm deliberately put forward a “dishonest defence” to misconduct claims…
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KPMG says Silentnight pensioners were not harmed by its misconduct
A lawyer for KPMG has denied that pensioners from mattress company Silentnight were harmed because of misconduct by one of…
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KPMG partner exits firm amid tribunal over Silentnight private equity takeover
A KPMG restructuring partner facing a disciplinary tribunal over the sale of mattress company Silentnight to private equity fund HIG…
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Senior EY deals partner quits to launch boutique with KPMG leavers
The most senior deals partner at EY France has quit to launch a new boutique, teaming up with a UK deals firm…
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KPMG delays hybrid working plans after ‘Freedom Day’ postponement
KPMG has pushed back plans to launch a new hybrid working regime for its UK staff following the announcement by…
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Here’s why bitcoin on the balance sheet could be an accounting headache
Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s bottom line this quarter. Musk is widely…
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PwC plans $12bn investment for 100,000 new jobs to boost ESG expertise for clients
Big Four accountancy firm PwC has said it will invest $12bn to create 100,000 new jobs globally over the next…
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