accountancy
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FRC blasted over ‘joke’ sanctions for junior KPMG staffer in Carillion case
Junior accountants have criticised the audit regulator for its “harsh” pursuit of ex-KPMG junior Pratik Paw, who is facing a…
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KPMG fined £3.4m over ‘serious failures’ in Rolls-Royce audit
KPMG has been fined £3.4m and issued a severe reprimand by its regulator for “serious failures” in its audits of…
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KPMG fined £14m and ex-partner faces 15-year ban over forging documents in Carillion probe
KPMG is set to receive a £14.4m fine and one of its ex-partners is facing a 15-year ban from the…
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KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe
KPMG and multiple former staff members are facing “serious regulatory sanctions” over their engagement in a conspiracy to mislead inspectors…
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KPMG UK hikes staff pay — salaries boosted between £2,000 and £4,000
KPMG UK has given all of its staff overnight pay rises of between £2,000 and £4,000. The firm’s chief executive…
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KPMG UK to double size of legal arm amid investment spree
KPMG UK is set to double the size of its legal services arm over the next three years amid a…
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UK bans Russia work for consultants, accountants
The UK is banning the export of services such as accountancy, public relations and management consultancy to Russia, UK foreign…
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PwC staff to clock off at lunchtime on Fridays this summer
PwC staff are set for lunchtime finishes on Fridays during summer 2022, after a trial of the policy last year…
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EY hit with £2bn lawsuit over NMC Health audits
Big Four auditor EY has been hit with a lawsuit by the administrators of collapsed FTSE-100 healthcare business NMC Health.…
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KPMG ties up with VC adviser Acceleris as it embarks on investment spree
KPMG UK signed a joint venture with venture capital adviser Acceleris in what the audit firm’s boss Jon Holt said is…
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Why audit and consulting firms are battling to pull out of Russia
Soon after Russia invaded Ukraine, global auditing and consulting firms promised to leave the country. For some, the departure is…
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Deloitte hit with £2m fine over Mitie audit
Deloitte has been fined £2m and one of its partners fined £65,000 in connection with its 2016 audit of outsourcer…
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Deloitte probed by watchdog over Go-Ahead audits
The Financial Reporting Council is investigating Deloitte over its audits of transport company Go-Ahead, the regulator said in a statement.…
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Grant Thornton bills £19m for first year of Greensill administration
Grant Thornton generated £19m in fees during its first year as the administrator of collapsed supply chain financer Greensill Capital,…
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KPMG set to face £15m legal claim over negligent Quindell audit
KPMG could be hit this month with a £15m legal claim stemming from its audit of insurance outsourcer Quindell’s 2013…
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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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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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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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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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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 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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