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Latest News - Big Four

BT abandons PwC after fraud humiliation to appoint KPMG as auditor

  • Author: Stephanie Wix
  • Published: 8 Jun 2017

BT has replaced PwC with KPMG as its auditor following a fraud scandal at BT Italy in January which wiped £8bn off the company’s market value.. read more

CAQ highlights CPAs role in addressing cybersecurity risks

  • Author: Rahman Aziz
  • Published: 1 Jun 2017

The centre for audit quality (CAQ) has released a new white paper highlighting the role of the audit profession in tackling cybersecurity risks.. read more

Fraud policies: Asia-Pacific employees confused about what is expected of them

  • Author: Rahman Aziz
  • Published: 31 May 2017

Employees in Asia-Pacific were to work for organisations compliant with anti-fraud, anti-bribery and anti-corruption policies, but they are.... read more

EY partners with Microsoft to help clients tackle GDPR compliance

  • Author: Sarajuddin Isar
  • Published: 30 May 2017

EY has announced a cooperation agreement Microsoft to help their clients address the challenges to comply with the EU General Data Protection.... read more

KPMG Eastern Caribbean partners go to BDO

  • Author: Rahman Aziz
  • Published: 24 May 2017

KPMG Eastern Caribbean partners have moved to BDO, effective 1 April 2017.. read more

Making Tax Digital tops the Accountex agenda

  • Author: Stephanie Wix
  • Published: 19 May 2017

Legislation for Making Tax Digital (MTD) was removed last month from the Finance Bill 2017, yet it has topped the agenda of the sixth edition of.... read more

IASB issues IFRS 17 in insurance accounting shake up

  • Author: Stephanie Wix
  • Published: 18 May 2017

The profession has welcomed IFRS 17, issued by the International Accounting Standards Board (IASB), however it warned of the complexity and cost of.... read more

Global AI adoption can help accountants beyond compliance, PwC report finds

  • Author: Stephanie Wix
  • Published: 17 May 2017

Artificial Intelligence (AI) could help accountants beyond the basic compliance work by fostering high quality advisory services, according to a.... read more

Ransomware taking data hostage has given professionals the opportunity to prove their worth as ‘trusted advisors’

  • Author: Stephanie Wix
  • Published: 17 May 2017

The recent WannaCry Ransomware cyber-attack has plagued companies in 150 countries holding data for ransom and the accountancy profession was quick.... read more

McLaren breaks up with KPMG to start Deloitte romance

  • Author: Rahman Aziz
  • Published: 16 May 2017

McLaren Applied Technologies has announced a new partnership with Deloitte, putting an end to its work with KPMG, seven years before the due date.. read more

Grant Thornton Sweden CEO to take the helm of the global network

  • Author: Stephanie Wix
  • Published: 15 May 2017

Peter Bodin, Grant Thornton Sweden CEO, has been elected to succeed Ed Nusbaum as global CEO of Grant Thornton International, effective from 1.... read more

KPMG acquires worldwide FinTech platform, Matchi

  • Author: Rahman Aziz
  • Published: 12 May 2017

KPMG has acquired Matchi, a worldwide FinTech innovation and matchmaking platform that connects financial institutions and companies worldwide. The.... read more

PAFA’s outgoing president assesses achievements under her tenure and lays down the priorities for the next board

  • Author: Vincent Huck
  • Published: 12 May 2017

Kampala (Uganda) / London (UK). The Pan African Federation of Accountants (PAFA) outgoing president Asmaa Resmouki, presented her president report,.... read more

News brief: PwC UK fined £5m for misconduct

  • Author: Rahman Aziz
  • Published: 11 May 2017

The UK Financial Reporting Council (FRC) has fined PwC UK and its former audit partner Stephen Harrisson, £ 5m and £150,000 respectively for.... read more

ASEAN becomes focal point for global investors, EY says

  • Author: Rahman Aziz
  • Published: 8 May 2017

Amongst emerging markets, ASEAN has attracted strong trade globally and become a focal point of global investor interest thanks to robust economics.... read more

Deloitte and Blackline sign partnership to enhance digital controllership solutions

  • Author: Sarajuddin Isar
  • Published: 8 May 2017

Deloitte has announced its alliance with Blackline to improve Deloitte’s digital controllership offering which supports organisations with.... read more

News brief: FRC launches investigation into KPMG’s audit for Rolls Royce

  • Author: Stephanie Wix
  • Published: 5 May 2017

The Financial Reporting Council (FRC) has begun an investigation into the conduct of KPMG regarding the audit of Rolls Royce’s financial statements.. read more

Institutional investors call for more non-financial performance disclosure, finds EY survey

  • Author: IAB
  • Published: 20 Apr 2017

Institutional investors believe that companies should stop ignoring environmental, social and governance (ESG) risks and disclose more adequately.... read more

KPMG removes 6 personnel including their head of audit over unethical behaviour

  • Author: Stephanie Wix
  • Published: 13 Apr 2017

Big Four firm KPMG has fired six audit personnel including four partners, one employee and the head of the audit practice in the USA, for violating.... read more

Patchy implementations of EU audit reform

  • Author: Stephanie Wix
  • Published: 11 Apr 2017

An overview of the implementation of the European Union audit reform, which came into force last June, shows consistency among member states in.... read more


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