19 September, 2018

Audit woes and reform wrangles

In July 2002 Lord Sharman, a former chairman of KPMG International, conceded in the pages of Accountancy Age, a trade publication for bean counters, that having a public sector body audit lis...
blockchain, digital technology, cryptocurrency

28 August, 2018

Blockchain projects in wide-scale development

Four out of five executives report that their companies are actively developing blockchain initiatives, according to a survey. The research reveals that in addition to the development projects, 15%...
PwC

15 August, 2018

PwC heavily criticised for ‘failed’ audit of BHS

PwC's audit of collapsed high-street department store BHS included failings in ethical standards, according to a stinging report from regulators. The report also revealed that Steven Denison, the e...
European flag

10 July, 2018

Big Four accountants accused of EU tax policy ‘conflict’

A lobby group has called for the Big Four accountancy firms to be "kicked out" of the policy-forming process in Europe. Corporate Europe Observatory (CEO), a Brussels-based group whose aim is to ...
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...
PwC, pricewaterhousecoopers

3 July, 2018

PwC to pay $625.3m damages over collapsed US bank

PwC has been ordered by a US court to pay damages of $625.3m (£474.6m) over the audit of a collapsed bank. According to the
Big Four, PwC, Deloitte, EY, KPMG

17 May, 2018

Big Four auditors ‘prepared’ if regulators push for split

The UK’s largest accounting firms are preparing themselves for a potential breakup of their offerings. After two influential committees of MPs
chief executive

26 February, 2018

Investors more concerned than CEOs about cybersecurity

Investors are more concerned about cyber-attacks than chief executives are, according to new research by PwC.
Barclays

23 February, 2018

Barclays International reveals its gender pay gap of 48%

Barclays International, the investment bank, has revealed it has an average gender pay gap of 48%, a hefty differential illustrating the challenge facing financial services on equal pay. The figure...
Carillion

26 January, 2018

MPs to investigate Carillion auditors and board over ‘disaster in the making’

MPs investigating Carillion's liquidation have asked the big four audit firms to reveal their working links with the collapsed services giant Carillion. According to Sky News, audit firms PwC, KPMG...