11 May, 2021

Mary O’Connor to leave KPMG after being overlooked in CEO vote

Former interim KPMG UK chief Mary O’Connor is set to leave the firm after being passed over for permanent promotion to the top job. O’Connor was appointed to lead the firm temporarily as senior...

15 April, 2021

Jon Holt elected as new chief executive of KPMG UK

Jon Holt has been elected as chief executive of KPMG UK following a partnership vote. Holt joined the firm in 1994 and...

15 February, 2021

KPMG appoints Bina Mehta as temporary chair

KPMG has appointed Bina Mehta to act as temporary chair after Bill Michael stepped down last week. ...

14 October, 2020

BDO now biggest auditor in the UK by number of listed clients

The audit market continues to transform. Figures released this week show that BDO is now the biggest auditor in...

9 September, 2020

Only 8% of UK businesses have ‘fully-fledged’ climate risk plan

Outside of Covid-19, climate remains the biggest agenda issue for society. And yet doubts are emerging over the readiness of big business to tackle global warming. Fresh research published this wee...

4 September, 2020

PwC loses top spot in the FTSE 100 audit rankings to KPMG

For those intrigued by the arcane world of audit a small earthquake has just occured. PwC, for some time the UK’s most significant auditor of FTSE 100 companies, has lost its top position. Resear...

27 July, 2020

Audit keeps failing—here’s why a fundamental change is needed

A massive shakeup of the UK’s audit industry is on the cards. The Big Four, which audit all of the FTSE 100 and 21 of the FTSE 250, have been told by the accounting regulator

14 July, 2020

FRC scrutiny of audit quality reveals “unacceptable” level of issues

There is fresh criticism of auditors this week, as regulators report a third of audits inspected during the past year required a level of improvement that is “unacceptable”. Audit firms have al...

12 June, 2020

BDO client increase sees it overtake KPMG in UK auditor rankings

Change may be under way in the audit market, albeit tentatively. BDO, an audit firm outside the global Big Four, has become the second largest firm by number of listed clients in the UK, overtaking KP...

8 November, 2019

Auditors struggling to challenge management, says FRC

One of the frequent complaints made of auditors is that they get too cosy with their clients. A report from the UK’s audit watchdog has concluded that they are, at the very least, shy of challenging...