Audit

New audit watchdog set to go after non-accountant directors

Government to press ahead with plan to hold top staff at firms accountable as Arga finally gets nearer

3 min read

EY overhauls sector focus in post-Project Everest client push

Big Four firm reorganises sector groupings to better service clients

3 min read

BDO partner pay jumps 12% to £681,000

Average profits at the accountancy firm rebound after major investment

1 min read

Railpen’s Caroline Escott: Up your audit game, or we might divest

The Railways Pension Scheme wants to use its £34bn in assets to improve audits – it could pull money, vote against directors and more

5 min read

A smaller percentage of graduates is applying for accountancy jobs

Audit firms scramble for top talent as students favour consultancy

Amid fierce competition for talent, major accountancy firms are casting their nets wider in order to entice school leavers and graduates to consider careers in the less glamorous world of audit

7 min read

High-profile case is set to continue with a court date now in the diary

PwC set for court showdown over £63m ‘leak’ claim

An ex-PwC partner is alleged to have leaked confidential information about the firm’s client to an M&A banker

3 min read

Pension costs and legal bills are just some sticking points in ongoing talks

EY partners get top-secret briefing on firm break-up at Hyde Park hotel

EY UK partners gathered last month at the five-star Royal Lancaster hotel for a sales pitch on the firm’s multi-billion dollar split

5 min read

SEC’s Gensler slams sluggish pace of audit reform

The chair of the US securities regulator also urged audit firms to review and enhance their independence protocols with respect to their auditing and consulting practices

3 min read

FRC review comes as a decision on dividing the firm nears

EY audit quality slides ahead of potential split

Regulator finds more than a third of audits require improvement

EY’s decision to consider a breakup comes as regulators step up pressure on auditing firms to address conflicts of interest in their business

EY partners set for windfall amid breakup plans

A proposal to split auditing and consulting relies on optimistic growth targets

Marie-Laure Delarue hails a ‘huge step’ in audit tech

EY to invest $1bn in ‘next generation’ audit tech amid break-up talks

‘It’s really important that we do this for the quality of service,’ Big Four firm says

PWC headquarters in London.

PwC fined £8m over Kier Group and Galliford Try audits

PwC admonished by regulator for construction company audit failures

Mazars said the decision to exit Russia will be implemented over the next few weeks

Mazars pulls out of Russia over Ukraine invasion

Donald Trump’s former accountancy firm quits Russia over Ukraine invasion

1 min read

SEC set to probe auditors’ fastest-growing businesses

Potential conflicts of interest increase as profits from nonaudit work soar

5 min read

KPMG will acquire 50% of Acceleris’s shares subject to the consent of the Financial Conduct Authority

KPMG ties up with VC adviser Acceleris as it embarks on investment spree

Big Four firm joins forces with venture capital adviser to target tech, life sciences and ESG sectors

2 min read

KPMG was given a severe reprimand by the FRC and told to analyse what went wrong and implement any remedial measures to prevent a recurrence.

KPMG fined £1.25m over Revolution Bars audit failures

Ex-KPMG director Michael Neil Frankish was fined £50,000, reduced to £35,000

3 min read