Latest News - Advisory
IAASA warns UK auditors of impacts of no-deal Brexit
The Irish Auditing and Accounting Supervisory Authority (IAASA) has written to the leading UK audit firms to give advice on preparations for a.... read more
Patisserie Valerie’s accounts misstatements ‘extensive’
Following the discovery of evidence for potential fraud in its accounts in October 2018, Patisserie Valerie has explained that the misstatement of.... read more
Nexia International reports record global revenues
Nexia International reported $4.02bn in global revenues in 2018, surpassing the $4bn mark for the first time.. read more
Mazars US sees 9% increase in revenues
Mazars US experienced a 9% increase in revenues for the fiscal year ended 31 August 2019.. read more
MGI Worldwide joins Forum of Firms
MGI Worldwide has joined the Forum of Firms, effective 1 January 2019.. read more
Deloitte UK appoints managing partner for its legal business
Deloitte UK has appointed Michael Castle as its first permanent lead partner for Deloitte Legal, commencing February 2019.. read more
ECOVIS joins Forum of Firms
ECOVIS International has joined the Forum of Firms, an independent association of international networks of firms that perform transnational audits.. read more
Grant Thornton achieve record global revenues of $5.45bn
Grant Thornton achieved a record combined global revenue of $5.45bn for FY ended 30 September 2018, driven by growth of 9.4% across its network,.... read more
Allinial Global launches AG AdvantEdge
Allinial Global has launched a new division for early stage or entrepreneurial smaller firms, called AG AdvantEdge.. read more
PwC UK first of the Big Four to use drone technology for stock count audit
PwC UK has undertaken a stock count audit using a drone. This was part of a wider drive to harness emerging technologies to enhance audit quality.... read more
PCAOB ends 2018 with remedial action against Crowe firm
The US Public Company Accounting Oversight Board (PCAOB) has censored and fined Crowe Mackay after it found the firm violated PCAOB standards and.... read more
RSM begins rebuilding Chinese presence
RSM has admitted Chinese firm Huapu Tianjian Certified Public Accountants in what it has described as the first stage of a wider growth plan to.... read more
ACCA expresses concerns over ‘breadth’ of evidence in the CMA review
The Association of Chartered Certified Accountants (ACCA) has expressed its concerns about the ‘breadth’ of evidence in the Competition and Markets.... read more
UK Gov. launches new review into audit profession
Donald Brydon, the outgoing chair of the London Stock Exchange Group, has been appointed to lead a new independent review of the quality and.... read more
CMA calls for Big Four firm split
The UK Competition & Markets Authority has suggested that splitting the audit and advisory businesses of the Big Four might be a method of.... read more
Grant Thornton US to pay $100m in damages over tax shelter
Grant Thornton US has been ordered to pay $100m in damages after selling a tax shelter to clients which allowed funds held in Cayman Island-based.... read more
Deloitte names next North West Europe and UK CEO
Deloitte has named Richard Houston as the next senior partner and chief executive of Deloitte North West Europe (NWE) and UK.. read more
Russell Bedford growth tops 18% for 2018
Network Russell Bedford’s fee income almost reached $0.5bn in 2018, an 18.2% growth year-on-year.. read more
CMA expected to call for market cap as Labour pushes for Big Four break up
The Labour party has suggested the Big Four should be broken up on the recommendation of a report it commissioned, as Sky News leaks that the.... read more
KPMG posts 7.1% global growth
2018 was the year KPMG’s advisory practise grew larger than its audit practise. $11.47bn was recorded from advisory, an increase of 9.9%, which.... read more
