Lords report to slam big four auditors March 29, 2011 AN influential House of Lords Committee is set to issue a blistering attack on the “big four” auditors today after an eight-month inquiry into the competitiveness of the audit industry. The Economic Affairs Committee, which is chaired by Conservative Lord John MacGregor, is understood to want drastic action to deal with a potential “systemic risk” [...]
Banks face probe for their use of Big Four auditors March 23, 2011 THE GOVERNMENT has asked regulators to investigate whether banks help to entrench the Big Four auditing firms’ dominance through restrictive lending agreements with companies. The Budget included a call to the Office of Fair Trading to probe whether bank covenants lock out smaller auditors. The Financial Reporting Council had expressed concern to lawmakers last year [...]
Auto Windscreens collapses February 15, 2011 Car window repair firm Auto Windscreens collapsed into administration yesterday after admitting it had run out of cash, putting 1,100 jobs at risk. Administrator Deloitte said it sent employees home yesterday while it holds urgent discussions with creditors over the future of the firm. Deloitte said a major customer had cancelled its contract with Auto [...]
Auto Windscreens collapses February 15, 2011 Car window repair firm Auto Windscreens collapsed into administration yesterday after admitting it had run out of cash, putting 1,100 jobs at risk. Administrator Deloitte said it sent employees home yesterday while it holds urgent discussions with creditors over the future of the firm. Deloitte said a major customer had cancelled its contract with Auto [...]
Auto Windscreens collapses February 14, 2011 Car window repair firm Auto Windscreens collapsed into administration yesterday after admitting it had run out of cash, putting 1,100 jobs at risk. Administrator Deloitte said it sent employees home yesterday while it holds urgent discussions with creditors over the future of the firm. Deloitte said a major customer had cancelled its contract with Auto [...]
How to triple your chances of winning the job June 1, 2011 TODAY’S job market is one of the most competitive we’ve ever seen. Good job opportunities attract literally hundreds of online applications. Often every one of these lists the same high levels of skills and qualifications. Just how can you stand out and win the job you want in this context? Especially when it is clear [...]
Targetfollow administrators ready to finish last round of asset sales February 20, 2011 ADMINISTRATORS of two Targetfollow portfolios put into administration last autumn are set to wrap up the final asset disposals, City A.M. can confirm. Deloitte last week appointed agents to sell Targetfollow’s residential and retail buildings on Prince of Wales Road, Norwich. In a separate sale, Deloitte is considering options and offers for nearby Harford Place, [...]
Deloitte upbeat despite lower partner profits August 25, 2010 DELOITTE, one of the Big Four accountancy firms, has seen UK revenues fall for the second year in a row in the face of challenging markets and a difficult economic environment. The global firm posted £1.95bn in UK revenue for the year ended 31 May, marking a £16m fall from last year. “Despite a second [...]
CITY MOVES | WHO’S SWITCHING JOBS May 4, 2011 Hastings Direct Mark Adams is joining Hastings Direct as chief financial officer, ahead of the company’s IPO next year. Adams’ recent career includes the roles of interim chief financial officer at EasyJet, group finance director then chief executive at Helphire Group, and chief financial officer at both Alpha Airports Group and STA Travel Group. Adams [...]
Lords call for probe into audit oligopoly March 30, 2011 The “oligopoly” of Big Four auditors contributed to the financial crisis, according to a damning report released yesterday by the influential House of Lords Economic Affairs Committee. The committee, chaired by Conservative Lord MacGregor, called for a full probe into concentration in the industry by the Office of Fair Trading, citing the fact that 99 [...]