Latest News
Sports Direct audit issues may hit CEO’s personal company
Mike Ashley’s problems with accounts appear to extend beyond issues at Sports Direct International where he is CEO. Accounts for his personal.... read more
PwC wins £16.5m outsource contract to manage Northern Rock assets
PwC has won ‘Project Saturn’, a £16.5m contract that runs to August 2030 under which it will be responsible for running the remaining portfolio of.... read more
EY Australia acquires Cadence Economics
EY has strengthened its economic modelling capability in Australia with the acquisition of the business and certain assets of specialist Canberra.... read more
General Electric suffers worst one day loss in 10 years on fraud allegations
General Electric shares lost more than 11% of their value on 15 August 2019.The previous day’s close was $9.03. During hectic trading, with more.... read more
General Electric shaken by claims of ‘Enronesque’ fraud
Shares in General Electric slumped dramatically on the New York Stock Exchange on Thursday 15 August 2019 in the wake of the publication of claims.... read more
Deloitte facing negligence claim over H20 Networks?
Elfed Thomas, founder and former CEO of H20 Networks has submitted allegations of negligence against Deloitte to the Financial Reporting Council..... read more
Sealed Air dismisses EY, appoints PwC
On 7 August 2019, the audit committee of US firm Sealed Air Corporation dismissed Ernst & Young LLP (EY) as the company’s independent registered.... read more
Sports Direct urgently seeks new auditor
Following confirmation that Grant Thornton is throwing in the towel as Sports Direct’s auditor, the company released a joint statement from the two.... read more
£100m account freezing orders are largest granted to UK’s NCA
The UK National Crime Agency (NCA) has been granted freezing orders on eight bank accounts containing a total of more than £100 million, which is.... read more
EY study: AI important to success, but lack of personnel remains a barrier
An EY study of US CEOs and business leaders reveals that most executives recognize the value of artificial intelligence (AI), with 84% believing.... read more
SEC wins jury trial against broker tipped by KPMG partner
On 14 August 2019, jurors in Atlanta federal court returned a verdict finding New Jersey securities broker Raymond J. Pirrello, Jr. liable for.... read more
PWC India facing defamation suit from Reliance Capital?
In the latest twist in the Reliance Capital saga, local media reports in India suggest that the company is about to sue its former auditor PwC for.... read more
AAB Business Advisory Group secures £1 million new business
Anderson Anderson & Brown LLP (AAB) has secured £1 million of new business wins during 2019 so far and the rise in fee income seen means it is on.... read more
Haines Watts invests in new Birmingham home
One of the West Midlands’ leading accountancy firms has relocated its Birmingham office to cope with recent expansion and demand from owner managed.... read more
US Public Accounting Firm Hiring Model Shifts: AICPA ‘Trends Report’
Rapid advances in technology continue to impact the accounting profession. As US CPA firms shift their hiring models to focus more on technology.... read more
SEC obtains freeze on assets in alleged fraudulent token offering
The US Securities and Exchange Commission has announced fraud charges against a Brooklyn individual and two entities under his control who.... read more
PWC Australia records 11% revenue growth for FY2018-2019
PwC Australia reported 11% revenue growth to AUD2.6bn, and double digit profit growth. All three of the firm’s businesses; assurance (11%),.... read more
Sports Direct confirms Grant Thornton is parting company
In a statement to the London Stock Exchange, Sports Direct has confimed that, subsequent to the publication of the company’s annual report and.... read more
Australian parliamentary committee calls for stronger whistleblower protections
In Canberra, the Parliamentary Joint Committee on Corporations and Financial Services has released a unanimous report on whistleblower protections.... read more
Kaaeed Mamujee named as CABA President
CABA, the wellbeing charity for ICAEW chartered accountants and their families, has announced the appointment of Kaaeed Mamujee as President. With.... read more
