Big Four, Deloitte, KPMG, EY, PwC

18 April, 2019

Audit committees face public reprimand as part of market reforms

Audit committees should face public reprimand by regulators if they fail to provide adequate scrutiny of their auditors, according to recommendations from the UK’s competition authority. The prop...

24 December, 2018

2018: A year in governance

Senior officials at the Financial Reporting Council (FRC) may believe Scrooge has stepped off the pages of A Christmas Carol. In his recent oh-so-close-to-festivities report, Sir John Kingman...
City of London

21 December, 2018

Audit committees braced for new relationship with regulators

It’s been a huge week for audit and governance. Two reports, by the Competition and Markets Authori...
Big Four, Deloitte, KPMG, EY, PwC

15 October, 2018

How do you solve a problem like audit?

Can a problem like audit be solved? Others have tried before—and others are set to try again. There have been multiple, consistent concerns about the audit process, governance and even its ra...
artificial intelligence, AI, data, big data

8 October, 2018

Data ethics: defining the governance of artificial intelligence

Noise surrounding the corporate use of data for potentially unethical purposes has increased by dozens of decibels in recent weeks. During the summer, the Competition and Markets Authority (CMA) ho...
Big Four, Deloitte, KPMG, EY, PwC

9 July, 2018

Competition regulator asks Big Four to look for ways to change audit market

Reports suggest this morning that the Big Four audit firms have been asked to investigate ways of increasing the choice of auditors for companies listed in the UK. There has been pressure on the UK...
KPMG, audit, Big Four

12 June, 2018

KPMG fined over audit work at Quindell

The auditor of controversial insurance outsourcer Quindell has been fined more than £3m over its work with the client. KPMG was reprimanded and fined £4.5m (discounted for settlement at £3.15m),...
Big Four, PwC, Deloitte, EY, KPMG

16 March, 2018

Regulator seeks audit market probe into Big Four domination

One of the UK's senior governance regulators has held meetings with a view to launching an inquiry that would examine whether the Big Four accounting firms should be broken up to create audit-only pro...
data, data regulation

14 November, 2017

Business data: why it now falls under the competition regulators’ spotlight

In the age of the mobile phone, online shopping and artificial intelligence, the most valuable asset in the world has become data.
21st Century Fox, Sky

15 September, 2017

Regulator clashes with government over Sky takeover

The proposed takeover of Sky by 21st Century Fox has caused a clash between the UK government and one of its most high-profile regulators. Culture secretary Karen Bradley referred the deal to the C...