UK digital ad spend continues to see ‘extremely strong growth’, despite economic uncertainty October 25, 2023 A total of five per cent year-on-year growth was reported in the UK's digital advertising market — despite ongoing economic uncertainty.
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. [...]
FRC: Audit regulator’s review flags troubling performance by BDO and Mazars July 30, 2024 The Financial Reporting Council (FRC) has published its Annual Review of Audit Quality, highlighting troubling performance from audit firms BDO and Mazars
Sustainable or Suspect November 22, 2023 Investors worldwide are increasingly questioning the reliability of companies’ sustainability performance metrics, with a growing wariness of potential greenwashing tactics. A recent Global Investors Survey by PwC discovered a consensus among 94% of investors, that corporate reporting on sustainability performance contains unsupported claims (an increase from last year). Yet investors continue to deem sustainability as [...]
Wilko shops to return to high street by Christmas, says new brand owner October 27, 2023 Wilko stores are set to return to the high street, the brand’s new owner has announced.
Government slashes spending on Big Four heaping extra pressure on firms December 10, 2023 The civil service has slashed the amount it spends on contracts with the Big Four by 26 per cent, new figures show.
Thames Water could face government inquiry amid bankruptcy warning December 3, 2023 A potential Parliamentary inquiry is to be added to the seemingly ever-growing list of financial and operational problems at Thames Water. The Financial Times reported this weekend that the bedraggled utilities provider may be called in front of MPs once more to verify aspects of its accounts that came to light last week. In July, [...]
PwC staff encouraged to return to work August 2, 2020 PwC staff have been encouraged to return to work on a voluntary basis, as the Big Four company’s chairman heralded the end of “presenteeism for ever”. Kevin Ellis, chair of accountancy firm PwC — which has more than 22,000 staff across the UK — said he hopes to have around half of the company’s employees [...]
US tech giant Palantir rejects concerns over role in NHS data platform plans November 25, 2023 US tech giant Palantir has rejected concerns after the firm was awarded a contract worth hundreds of millions of pounds for a new NHS data platform.
Centrica: Supreme Court dismisses British Gas owner’s tax dispute with HMRC July 16, 2024 British Gas' owners investment business has had its corporation tax appeal over professional services fees dismissed by the Supreme Court