China tells state-owned companies to cut ties with the Big Four February 22, 2023 China has told its state-owned companies to stop working with the Big Four auditors – EY, KPMG, PwC, and Deloitte – and asked them to use local accounting firms instead. China’s Ministry of Finance (MoF) has called on the country’s state-controlled firms to let their audit contracts with the Big Four expire, Bloomberg reported today. [...]
Deloitte hit with record £15m fine over Autonomy audit September 17, 2020 The FRC has announced sanctions against Deloitte and two audit partners following an investigation into its audit of software firm Autonomy. The Big Four accounting firm, and two of its now former partners, Richard Knights and Nigel Mercer, were investigated in relation to their audit of Autonomy’s financial statements for 2009 and 2010. Autonomy was [...]
Mobico: National Express owner’s shares crater as results delayed amid review into audits February 20, 2024 Mobico's shares crashed this morning after it announced reviews into audits of its German rail segment would delay publication of its financial results.
London office market going strong as more new projects emerge June 10, 2024 The London office property market is continuing its strong rebound, according to fresh data out today, as more new projects get underway in the City.
This London tech company is the fastest growing in the UK this year November 28, 2023 The UK's fastest growing tech company in 2023 has topped 1m customers and £5bn in assets under administration (AUA).
Manchester United slip to fourth in Deloitte Football Money League as Liverpool, Manchester City, Chelsea and Tottenham also make top 10 January 26, 2021 Manchester United have slipped further down the ranking of the world’s richest football clubs, according to Deloitte. England’s highest-placed team are fourth in the 2021 Football Money League, published today, after being overtaken by Bayern Munich. Barcelona and Real Madrid continue to occupy the top two places as clubs saw revenues contract due to Covid-19. [...]
EY quits as Asda’s auditor amid criticism of Issa brothers January 28, 2024 Big Four accountant EY quit as Asda's auditor last summer in another blow to co-owners Moshin and Zuber Issa.
Deloitte starts audit split – the first of the Big Four to do so September 11, 2020 Deloitte will set up an audit governance board, making it the first of the Big Four accounting firms to make headway with demands from the UK regulator. The audit governance board will be effective from 1 January 2021. It will be chaired by Baroness Margaret Ford, who currently chairs Scottish media group STV and real [...]
Premier League summer spending tops £2bn for first time – and more records set to fall August 28, 2023 Premier League spending has passed the £2bn mark for the first time in a single transfer window as England’s leading clubs have flexed their financial muscle. With several days left before the transfer deadline on Friday at 11pm, top-flight teams have already exceeded the record £1.92bn lavished last summer. And they could yet surpass £3bn [...]
Chelsea smash British transfer record for Enzo Fernandez as Premier League clubs set new benchmark in January window January 31, 2023 Chelsea set a new British transfer record by agreeing the signing of Enzo Fernandez as Premier League clubs underlined their financial strength on deadline day. The Blues struck an 11th-hour deal worth £107m with Benfica for Argentina midfielder Fernandez, who will arrive in London on Wednesday to begin an eight-and-a-half year contract. It took Premier [...]