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Latest News - Financial Results

British business in ‘significant distress’

  • Published: 2 Aug 2019

Research by insolvency specialists Begbies Traynor shows that there are now 484,000 UK businesses in significant financial distress with the.... read more

Nova Scotia Supreme Court approves EY fees in Quadriga CX case

  • Published: 1 Aug 2019

The Supreme Court of Nova Scotia, Canada, has approved more than $1.6m in fees for lawyers and EY to cover their costs in the investigation of the.... read more

Costa Rica’s new Ultimate Beneficiary Owner (UBO) rules

  • Published: 1 Aug 2019

The new UBO disclosure law applies to legal persons and legal structures domiciled in Costa Rica, substantially amending the Tax Regulation and.... read more

EY appoints Frank Mahoney US-West managing partner

  • Published: 1 Aug 2019

Ernst & Young LLP (EY) has appointed Frank Mahoney as region managing partner for the US-West. He will be responsible for a regional practice of.... read more

£5m fine for KPMG over BNY Mellon reports confirmed

  • Published: 1 Aug 2019

As reported earlier, KPMG has been fined £5m($6.24m),  discounted to £3.5m ($4.24m), for admissions of misconduct over client asset reports in.... read more

SFO charges second individual in relation to Global Forestry Investments investigation

  • Published: 1 Aug 2019

The UK Serious Fraud Office has charged a second individual in relation to its investigation into Global Forestry Investments. Omari Bowers, a.... read more

SAICA to assist SA government with Eskom restructuring

  • Published: 1 Aug 2019

The South African Institute of Chartered Accountants (SAICA) has agreed to a request from the Minister of Public Enterprises, Pravin Gordhan, and.... read more

Last hurrah for the FRC as UK watchdog hands out near-trebled fines on poor quality audits

  • Published: 31 Jul 2019

The Financial Reporting Council (FRC) handed out fines totalling £42.9m before settlement discounts in 2018/19, a near trebling in annual fines.... read more

Local accounting firms struggling in China

  • Published: 31 Jul 2019

Only one purely local Chinese accountancy firm makes it into the country’s top 10 firms according to Paul Gillis PhD CPA, Professor of Practice at.... read more

Winburn Glass Norfolk merges with Murray Harcourt

  • Published: 31 Jul 2019

In the UK, two Leeds-based business advisory and accountancy firms are merging as of 1 August 2019 Winburn Glass Norfolk (WGN) will merge with.... read more

BDO USA expands turnaround / restructuring services; adds Loughlin Management Partners

  • Published: 31 Jul 2019

BDO USA has acquired Loughlin Management Partners & Co, Inc. (LM+Co), a boutique business advisory firm focused on corporate restructuring and.... read more

KPMG symposium to focus on the future of accounting / finance functions

  • Published: 31 Jul 2019

KPMG in the US has announced plans for its 29th Annual Accounting and Financial Reporting Symposium, taking place in Las Vegas on 21-22 November.... read more

No-deal Brexit threatens 200,000 German jobs

  • Published: 31 Jul 2019

A no-deal Brexit with customs barriers, regulatory diversion and uncertainty around immigration could cost the German economy around 1% of GDP with.... read more

DFSA fines two Abraaj group companies a total of $315m

  • Published: 31 Jul 2019

The Dubai Financial Services Authority (DFSA) has imposed financial penalties of $299,300,000 and $ 15,275,925 on Abraaj Investment Management.... read more

BDO maintains AIM-listed audit lead

  • Published: 30 Jul 2019

Among auditors of AIM-listed companies, BDO extended its overall lead by client numbers while PwC has nudged up into third place on the table by.... read more

Cogital in play as private equity groups circle

  • Published: 30 Jul 2019

Launched in December 2016 with backing from UK private equity firm Hg Capital, Cogital has rapidly built up annual revenues in excess of £450m with.... read more

Sports Direct details timeline; Grant Thornton to quit?

  • Published: 30 Jul 2019

Sports Direct International auditor Grant Thornton is to resign its role, according to The Financial Times. The newspaper claims the firm has.... read more

EY appoints first female partners in Saudi, Egypt and UAE

  • Published: 30 Jul 2019

The number of females promoted to partner by EY in the MENA region has tripled from last year, with three becoming the first female nationals in.... read more

Investigation into Ruihua CPA derails Chinese issuances

  • Published: 30 Jul 2019

Investigations began earlier this month in China into auditor Ruihua Certified Public Accountants. The South China Morning Post reports that a.... read more

FirstGroup changes auditor to PwC

  • Published: 30 Jul 2019

UK transport firm FirstGroup is to ask shareholders to approve the appointment of PricewaterhouseCoopers LLP (PwC) as its new auditor with effect.... read more

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