Latest News - Advisory
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
Cybersecurity tops business risks, say internal auditors
A new survey has found the top three risks faced by businesses across Europe are: cybersecurity (78%), regulatory change (59%) and digitalisation.... read more
PWC audit ban overturned in India
India’s Securities Appellate Tribunal has reversed the order issued by the Securities and Exchange Board of India (SEBI) which banned PwC from.... read more
888 appoints new chair of audit committee
Online gaming entertainment and solutions provider 888 has appointed Mark Summerfield as an independent non-executive Director and as Chairman of.... read more
FRC Chair compares UK and Australian governance
Sir Win Bischoff, Chair, Financial Reporting Council gave the keynote address at the Governance Institute of Australia’s National Conference.... read more
Tony Jordan appointed leader of EY Americas Forensic & Integrity Services
Ernst & Young LLP announced the appointment of Tony Jordan as EY Americas Leader of Forensic & Integrity Services (Forensics). Jordan previously.... read more
Whatsapp scandal rumbles on at KPMG
Two senior financial consultants have left KPMG barely three weeks after their boss Tim Howarth left the firm following an investigation into his.... read more
Rising cost of indemnity insurance could hit challengers
In the wake of a number of audit scandals, the cost of professional indemnity insurance (PII) for accountants and auditors has risen sharply in the.... read more
Deloitte appointed manager of Inter-Pacific Group debt restructuring
Singapore’s High Court has appointed Deloitte as interim judicial manager for Inter-Pacific Group Pte (IPG). The appointment follows two months.... read more
Bombay High Court puts stay on banning auditors
The Bombay High court has granted interim relief to Deloitte and BSR & Associates, putting a temporary halt on the Indian Ministry of Corporate.... read more
Grant Thornton back under spotlight over Patisserie Holdings
In its latest interim report on the status of Patisserie Holdings before handing off its job of administrator to liquidators from FRP Advisory,.... read more
AICPA: Outlook for US economy dimming
Business executives hold their least optimistic view of the US economy in three years, in part due to trade concerns and fears of a sustained.... read more
EY reports record global revenues of $36.4bn, up 4.6%
EY is the first of the Big Four to report global results. Revenues for the year to end-June 2019 rose by 4.6 per cent across the firm. Notably,.... read more
SEC, CFTC penalise Options Clearing Corp. over risk management policies
The Securities and Exchange Commission and the Commodity Futures Trading Commission have announced that the Options Clearing Corporation (OCC) will.... read more
