Tag: PwC
Audit committees face public reprimand as part of market reforms
The Competition and Markets Authority says regulators should punish audit committees, impose joint audits and force an “operational separation” of auditors from other parts of their firms .
Audit woes and reform wrangles
A fierce debate is underway over the future of audit. Could it be resolved with an independent body appointing company auditors?
Blockchain projects in wide-scale development
Survey shows the scale of interest in blockchain as executives reveal development projects are underway around the world.
PwC heavily criticised for ‘failed’ audit of BHS
A report from the Financial Reporting Council delivers scathing criticism of PwC’s audit of collapsed retail chain BHS and the partner who headed the work.
Big Four accountants accused of EU tax policy ‘conflict’
The Big Four accountancy firms are in conflict with EU tax policymaking and should be removed from the process, says European lobby group.
Competition regulator asks Big Four to look for ways to change audit market
Reports suggest that the Competition and Markets Authority has already met with Big Four leaders to discuss audit market change.
PwC to pay $625.3m damages over collapsed US bank
The damages follow a ruling that PwC failed to design an audit to detect fraud at Alabama Colonial Bank.
Big Four auditors ‘prepared’ if regulators push for split
The Big Four audit firms have prepared contingency plans for being broken up, if regulators insist on making big interventions in the market.
Investors more concerned than CEOs about cybersecurity
New research into the concerns of CEOs and investors emphasises the “contrast between internal and external perspectives on business”.
Barclays International reveals its gender pay gap of 48%
Barclays reveals the challenge facing financial services on equal pay by disclosing that on average women are paid almost half as much as men at the bank.