Latest News - Advisory
Big Four reject break up calls
The Big Four have insisted on the importance of the continuation of their current model rather than being split up.. read more
UK’s FRC calls for greater powers
The UK’s Financial Reporting Council (FRC) has requested more powers following the collapse of Carillion.. read more
Alantra acquires KPMG’S Global Loan Portfolio Advisory Business
Alantra, a global banking and asset management firm, has acquired KMPG UK’s Portfolio Solutions Group business, based in London, which advises.... read more
CEO: Big Four’s influence over EU tax policy is a conflict of interest
A report by the Corporate Europe Observatory (CEO) has criticised the continued treatment of the Big Four as “neutral and legitimate partners” in.... read more
Former KPMG South Africa partner faces charges for audit work
A former KPMG South Africa partner faces six charges from the Independent Regulatory Board for Auditors (IRBA), in relation to the work they.... read more
KPMG’s faces Conviviality investigation
The UK’s Financial Reporting Council (FRC) has launched an investigation into KPMG UK in regards to its work for the collapsed wine supplier and.... read more
PwC US told to pay $625.3m in damages
PwC US has been ordered by a court to pay $625.3m in damages due to failing to spot a fraud scheme which led to the collapse of Alabama’s Colonial.... read more
Deloitte US in leadership uncertainty
Deloitte US CEO Cathy Engelbert has failed to gain backing from members of the board for a second term as the firm’s CEO, according to reports.. read more
KPMG Malaysia: former 1MDB audits no longer reliable
KPMG Malaysia has stated that the audits it conducted for scandal hit 1Malaysia Development Berhad (1MDB) for the financial year ended 31 March.... read more
Deloitte UK granted legal licence
Deloitte UK has been granted an alternative business structure (ABS) licence by the Solicitors Regulation Authority (SRA), making it the last of.... read more
Grant Thornton Johannesburg CEO steps down following sexual harassment accusations
The CEO of Grant Thornton Johannesburg, Paul Badrick has voluntarily stepped down from his role, pending the outcome of an investigation into.... read more
KPMG UK called out over audit quality by watchdog
KPMG UK has been scrutinised by the Financial Reporting Council (FRC) for “unacceptable deterioration” of their audit quality. A half of KPMG’S.... read more
Reports: Indian firms moving away from revenue targets
A number of firms in India, including the Big Four, have removed or relaxed revenue targets for their audit partners, according to a report from.... read more
Former BHS select committee questions FRC over PwC UK fine
The UK’s Financial Reporting Council (FRC) has been questioned over its reasons for the £6.5m (£8.65m) it administered to PwC for its work related.... read more
PwC UK fined £6.5m for failed BHS audit
The UK Financial Reporting Council (FRC) has fined PwC £10m ($13.3m), reduced to £6.5m, for its audit of retailer British Home Stores (BHS), which.... read more
KPMG in the UK to pay £3.2million over misconduct in audit of insurance tech company
KPMG UK has been fined £3.2million by the Financial Reporting Council (FRC) over misconduct in its audit of insurance technology firm Quindell.. read more
Conflicts of interest question raised over PwC Carillion work
PwC has been questioned by British ministers on how it is managing conflicts of interest after being awarded a £50m ($67m) contract to act as.... read more
EY: Regulatory complexity slowing blockchain adoption.
Regulatory complexity is the biggest barrier to the widespread adoption of blockchain technology, according to 61% of respondents who took part in.... read more
Majority of governance professionals oppose increase in FRC enforcement powers
The UK’s ICSA: The Governance Institute has found 57% of governance professionals are opposed to increased enforcement powers of the Financial.... read more
KPMG South Africa resigns as SAICA’s external auditors
KPMG South Africa has resigned from the position of external auditors for the South African Institute of Chartered Accountants (SAICA) due to.... read more
