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Latest News - Big Four

Deloitte partner appointed USA SEC deputy chief accountant

  • Author: Rahman Aziz
  • Published: 3 Apr 2017

The USA Securities and Exchange Commission (SEC) has appointed Sagar Teotia as a deputy chief accountant.. read more

CIPFA to launch Brexit advisory commission

  • Author: IAB and TA editorial
  • Published: 31 Mar 2017

The Chartered Institute of Public Finance and Accountancy (CIPFA) has announced the launch of an independent advisory commission to look at the.... read more

News brief: EY takes further steps towards AI

  • Author: Stephanie Wix
  • Published: 29 Mar 2017

Big Four network EY has launched a global network, WavespaceTM, to help clients with disruptive technologies such as artificial intelligence,.... read more

Tesco market abuse compensation scheme to be run by KPMG

  • Author: Stephanie Wix
  • Published: 28 Mar 2017

KPMG will run the compensation scheme for investors affected by the market abuse committed by Tesco plc and Tesco Stores Limited in 2014 over them.... read more

Stakeholders internal audit expectations are at their lowest in 5 years

  • Published: 27 Mar 2017

Internal audit functions are failing to keep up with stakeholder expectations of internal audit value, according to PwC USA’s 13th annual State of.... read more

Former partner of PwC Brazil sanctioned by PCAOB

  • Author: Rahman Aziz
  • Published: 23 Mar 2017

A former partner of PwC Brazil has been fined $10,000 and barred for two years from associating with a registered public accounting firm.. read more

USA business leaders predict corporate tax reform unlikely before 2018

  • Author: Vincent Huck
  • Published: 23 Mar 2017

While the Trump administration said it would deliver its corporate tax reform, the most significant tax reform in the USA since 1986, by the summer.... read more

IFIAR announces decline in audit firm inspection findings

  • Author: Stephanie Wix
  • Published: 10 Mar 2017

The International Forum of Independent Audit Regulators (IFIAR) has released their 2016 Inspection Findings Survey revealing a decline in audit.... read more

William Thomas appointed as global chairman of KPMG

  • Author: Rahman Aziz
  • Published: 9 Mar 2017

William Thomas has been appointed as the global chairman of KPMG, effective 1 October 2017, for a four year term, and taking over from John Veihmeyer.. read more

KPMG UK appoints new chairman

  • Author: Rahman Aziz
  • Published: 3 Mar 2017

KPMG UK has appointed Bill Michael as its new chairman, effective 30 September 2017. He will take over from Simon Collins.. read more

Firms’ audit quality procedures not sufficiently robust, UK FRC says

  • Author: IAB and TA editorial
  • Published: 2 Mar 2017

Following its review of the six largest audit firms, The UK Financial Reporting Council (FRC) has said that firms’ audit quality procedures were.... read more

ASEAN audit regulators and the Big-Four commit to a 25% reduction in audits inspection findings

  • Author: Rahman Aziz
  • Published: 28 Feb 2017

The audit regulators of Malaysia, Indonesia, Singapore and Thailand have agreed with the Big Four to reduce the number of audits with inspection.... read more

News Brief: FRC Investigation of PWC LLP’s audit of Redcentric plc

  • Author: Rahman Aziz
  • Published: 27 Feb 2017

The Financial Reporting Council (FRC) has launched an investigation in respect of PricewaterhouseCoopers (PwC) LLP in relation to the audit of the.... read more

Adoption of FRS 115 expected to be a challenge for Singapore companies

  • Author: Rahman Aziz
  • Published: 16 Feb 2017

With less than a year until the 1 January, 2018 implementation deadline, many companies in Singapore will face challenges as they have not started.... read more

PCAOB announces $1m settlement with Indonesian EY member

  • Author: Stephanie Wix
  • Published: 14 Feb 2017

The Public Company Accounting Oversight Board (PCAOB) has announced that it has censured and imposed a $1m civil penalty on KAP Purwantono,.... read more

Tender and auditors rotation improve audit confidence: UK FRC

  • Author: Rahman Aziz
  • Published: 8 Feb 2017

Retendering and rotation of auditors helps improve audit confidence, according to the UK Financial Reporting Council (FRC).. read more

KPMG: Cybersecurity is the biggest internal audit risk in 2017

  • Author: Stephanie Wix
  • Published: 2 Feb 2017

The focus for internal auditors should be on cybersecurity, according to the report; KPMG Internal Audit; Top 10 Considerations for 2017.. read more

News brief: Accounting scandals roundup of BT Group, Tesco, Morgan Stanley and Citigroup

  • Author: Stephanie Wix
  • Published: 27 Jan 2017

A roundup of todays accounting scandals including the profits dip of BT, lawsuits and accelerated audit tender, Tesco's new lawsuit, and Morgan.... read more

M&A in the power and renewables sectors at a decade-highest level, according to PwC

  • Author: Stephanie Wix
  • Published: 26 Jan 2017

According to a report from Big Four firm PwC, M&A in the power and renewables sector is at its highest level in a decade, with the total M&A deal.... read more

Tax authorities target intermediaries

  • Author: Rahman Aziz
  • Published: 25 Jan 2017

Tax authorities from 30 countries have met in Paris earlier this month for the meeting of the Joint International Taskforce on Shared Intelligence.... read more

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