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Latest News - Financial Results

21% of JSE-listed companies have changed their auditors ahead of MAFR deadline

  • Published: 8 Oct 2019

With less than four years remaining until the effective date of Mandatory Audit Firm Rotation (MAFR) (1 April 2023) in South Africa, roughly 21% of.... read more

The Digital Accountancy Awards 2019 winners announced

  • Published: 4 Oct 2019

The winners of the Digital Accountancy Forum & Awards 2019 were revealed during a gala dinner held at the Waldorf Hilton in London on 3 October.. read more

ICAEW and ICAI join to sign MoU

  • Published: 4 Oct 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Chartered Accountants of India (ICAI), have signed a.... read more

UK’s FRC launches investigation into Thomas Cook audit

  • Published: 1 Oct 2019

The UK’s Financial Reporting Council (FRC) has launched an investigation into the audit by EY of the financial statements of Thomas Cook for the.... read more

KPMG UK tell staff to return mobile devices

  • Published: 1 Oct 2019

KPMG has told hundreds of its UK employees to turn in their company mobile phones. The request was made as part of a cost-saving policy amid its.... read more

Strengthened Going Concern standard for UK Auditors

  • Author: Joe Pickard
  • Published: 30 Sep 2019

The UK’s Financial Reporting Council has issued a revised going concern standard in response to recent enforcement cases.. read more

Alliance of accounting organisations finds multidisciplinary firm structure benefits audit quality

  • Author: Joe Pickard
  • Published: 27 Sep 2019

A global alliance of accounting organisations has found firms that offer both audit and non-audit services are best positioned to deliver robust.... read more

FRC: Audit firm transparency reports not visible enough and ineffective

  • Author: Joe Pickard
  • Published: 26 Sep 2019

The UK’s Financial Reporting Council (FRC) has found transparency reporting by accountancy firms performing audits to be currently ineffective with.... read more

UK’s FRC considering possible investigation into Thomas Cook

  • Author: Joe Pickard
  • Published: 24 Sep 2019

The UK’s Financial Reporting Council (FRC) is considering if there is any case for an investigation into the travel group Thomas Cook which went.... read more

PwC US charged with violating auditor independence rules

  • Author: Joe Pickard
  • Published: 24 Sep 2019

The US’ Securities and Exchange Commission (SEC) has charged PwC US with improper professional conduct and violating auditor independence rules..... read more

Grant Thornton US report record revenues of $1.9bn for FY 2019

  • Author: Joe Pickard
  • Published: 24 Sep 2019

Grant Thornton LLP, the US member firm of Grant Thornton International, has reported record revenues of $1.9bn for FY ended 31 July 2019. The.... read more

KPMG UK to make large scale redundancies of its admin staff

  • Published: 19 Sep 2019

KPMG UK has made plans to cut its administrative assistant staff by almost a third in an attempt to cut costs to the business.. read more

Tilney and Smith & Williamson agree merger in £625m deal

  • Published: 19 Sep 2019

Tilney and Smith & Williamson have reached an agreement on a ‘transformational’ merger to combine their respective businesses, becoming one of the.... read more

BDO USA reports record revenue as CEO elected for third term

  • Author: Joe Pickard
  • Published: 18 Sep 2019

BDO USA has reported record revenue of $1.64bn, an 11.8% year-on-year increase, for the fiscal year ended June 30.. read more

UK’s FRC writes to audit committee chairs to offer advice on Brexit

  • Published: 17 Sep 2019

The UK’s Financial Reporting Council (FRC) has sent a letter to audit committee chairs and finance directors to assist with preparations for the.... read more

PwC UK increases revenue by 12%

  • Author: Joe Pickard
  • Published: 16 Sep 2019

PwC UK, which includes revenues for PwC Middle East, increased its revenue by 12% to £4,233m ($5,267m) for the year ended 30 June 2019.. read more

Big Four firms to join The Valuable 500

  • Published: 13 Sep 2019

Big Four firms Deloitte, KPMG and PwC have announced today that they will be joining EY by signing The Valuable 500.. read more

KPMG joins the US marines

  • Published: 13 Sep 2019

KPMG in the US has been awarded three contracts by the US Navy worth a total of some $24.5m to provide audit support services to the US Marine Corps.. read more

Former KPMG executive sentenced to a year and a day

  • Published: 12 Sep 2019

David Middendorf, former head of KPMG’s National Office, also known as the Department of Professional Practice (DPP) in the US, has been sentenced.... read more

Sports Direct AGM fails to resolve question of audit

  • Published: 11 Sep 2019

Sports Direct International still has no auditor in place. At the company’s AGM, held 11 September 2019, the resolution to re-appoint Grant.... read more

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