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CC delays remedies implementation due to EU audit reform

  • Author: Ana Gyorkos
  • Published: 17 Jan 2014

The UK Competition Commission (CC) is to delay the implementation of the remedies for the UK audit market, which include 10 year mandatory.... read more

Deloitte merges with Grant Thornton firm in the Philippines

  • Author: Carlos Martin Tornero
  • Published: 13 Jan 2014

Punongbayan&Araullo (P&A) and Navarro Amper& Co (NA&Co), the member firms of Grant Thornton International and Deloitte in Philippines respectively,.... read more

CFOs fearless of the year ahead: Deloitte UK

  • Author: Carlos Martin Tornero
  • Published: 7 Jan 2014

Chief financial officers (CFOs) of one third of the UK equity market face the year 2014 with an appetite for risk-taking, expansion and renewed.... read more

KPMG US completes acquisition of Link Analytics

  • Author: IAB editorial
  • Published: 6 Jan 2014

KPMG US has completed the acquisition of analytical solutions company Link Analytics.. read more

Hong Kong’s professional body finds EY in breach of ethics rules

  • Author: Jonathan Minter
  • Published: 3 Jan 2014

The Hong Kong Institute of Certified Public Accountants (HKICPA) said EY Honk Kong fell short of complying with independence and ethics rules.... read more

PwC and Booz merger approved

  • Published: 2 Jan 2014

The partners of global consultancy Booz & Co. have agreed to the company’s proposed merger with PwC.. read more

Mazars acquires Deloitte UK subsidiary

  • Author: Jonathan Minter
  • Published: 19 Dec 2013

International network Mazars has acquired Deloitte Public Sector Internal Audit (DPSIA), a subsidiary of Deloitte UK that provides internal audit.... read more

UK FRC fines EY for Farepak’s audit work

  • Author: Jonathan Minter
  • Published: 19 Dec 2013

The UK Financial Reporting Council (FRC) has fined EY UK £750, 000 ($1.2m) after the firm admitted their conduct in relation to Farepak Food and.... read more

Profession braces for EU audit reform with mixed expectations

  • Author: Carlos Martin Tornero
  • Published: 19 Dec 2013

The favourable vote from a qualified majority of members of the Committee of Permanent Representatives (COREPER) has cleared one the final hurdles.... read more

EU gives green light to 10 years audit rotation

  • Author: Carlos Martin Tornero
  • Published: 18 Dec 2013

The Committee of Permanent Representatives (COREPER) has approved the agreement reached yesterday between the Lithuanian presidency of the Council.... read more

KPMG UK cost cutting increases profitability, but leaves revenues flat

  • Author: Ana Gyorkos
  • Published: 16 Dec 2013

KPMG UK's revenues have increased by just 0.4% to £1,782m ($2,112m) in the year to 30 September 2013, while profits increased by 27% to £455m and.... read more

KPMG global revenues up 1.7%

  • Author: Ana Gyorkos
  • Published: 12 Dec 2013

KPMG’s global revenues have increased 1.7% to $23.42bn in the year to 30 September.
In local currency revenue growth was 3.7%.
KPMG.... read more

European audit oversight bodies share inspection reports

  • Author: Vincent Huck
  • Published: 11 Dec 2013

In a move to improve audit quality in Europe through the co-operation of national regulators, the European Audit Inspection Group (EAIG) has.... read more

Corporate responsibility disclosure needs to improve: KPMG

  • Author: IAB editiorial
  • Published: 11 Dec 2013

Corporate Responsibility (CR) reporting has become a global business practice but companies still have a long way to go in order to satisfy.... read more

FRC closes PwC Barclays investigation

  • Author: Jonathan Minter
  • Published: 6 Dec 2013

The UK Financial Reporting Council (FRC) has ended its investigation into PwC UK’s conduct while auditing Barclays Capital Securities.. read more

Despite debate UK tax regime remains attractive for business: KPMG

  • Author: Vincent Huck
  • Published: 3 Dec 2013

Britain maintains its ranking as most attractive tax regime for businesses but gap with rival jurisdictions such as Luxembourg and Ireland is.... read more

Greater clarity needed on risk governance: KPMG, ISCA

  • Author: Jonathan Minter
  • Published: 27 Nov 2013

A lack of clarity over the responsibility for risk governance in Singapore has been exposed by a joint KPMG Singapore and Institute of Singapore.... read more

Deloitte appoints 55 senior staff in the Middle East

  • Author: IAB editorial
  • Published: 26 Nov 2013

Deloitte has appointed 55 partners, principals and directors in the Middle East and the network’s global chairman Steve Almond has identified the.... read more

FRC making inquiries at Co-op bank

  • Author: Jonathan Minter
  • Published: 25 Nov 2013

The UK Financial Regulatory Council (FRC) has confirmed it is making enquiries about the Co-Operative Bank’s (Co-op) 2012 accounts, though it is.... read more

Brazilian competition authorities approve KPMG acquisition of BDO firms

  • Author: IAB editorial
  • Published: 25 Nov 2013

The Brazilian Competition Authority (CADE) has approved KPMG’s acquisition of BDO Auditores Independentes and BDO Consultores in Brazil, two years.... read more


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