Latest News
The Digital Accountancy Awards 2019 winners announced
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
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
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
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
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
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
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
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
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
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
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
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
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
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%
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
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
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
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
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
Three profit warnings and you’re likely out!
EY has been tracking UK profit warnings for 20 years. Analysing some 6000 profit warnings, the firm said: “Most striking of all are the results of.... read more
