PwC announces separation of Russian firm in first Big Four exit March 6, 2022 Pricewaterhousecoopers (PwC) will no longer have a member firm in Russia, with the multinational due to announce its decision tomorrow to separate its Russian company from the rest of its global network in the wake of Putin’s invasion of Ukraine. The move by the Big Four giant will affect 3,700 partners and staff in Russia, [...]
KPMG: UK and Swiss partners vote ‘overwhelmingly’ for £3.5bn merger May 24, 2024 Big Four KPMG UK and Swiss partners have voted "overwhelmingly" in favour of merging to become a $4.4bn business
See you in court: keep an eye out for the most interesting cases in 2024 December 28, 2023 Coming soon: Alleged confidential leaks, missing aircraft in Russia and alleged negligence by a Big Four accountancy firm
KPMG and former sanctioned partner hit with legal action by convicted property developer April 29, 2024 Big Four consultancy firms KPMG and former partner has been hit with legal action by bankrupt Manchester-based property developer
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.
Partners at EY to expect a drop in their pay packet April 19, 2024 One of the Big Four firms has been warned that profits could fall by 15 per cent this year due to the slowdown in the market.
Big Four accountants warned by regulator to improve audits November 16, 2021 The head of the UK accounting watchdog has told the Big Four audit firms they need to run their own businesses better, before advising other companies, according to reports. Sir Jon Thompson, chief executive of the Financial Reporting Council (FRC) made his remarks ahead of the regulator’s launch today of its first guide for accountants [...]
KPMG UK re-elects chief ahead of ‘some big changes’ March 18, 2024 The UK arm of Big Four firm has re-elected Jon Holt to serve a second term as the firm’s chief executive.
The Big Four: brace yourself for the legislative changes affecting business in 2022 January 11, 2022 An old proverb says the best time to plant a tree was 20 years ago – but the second best time is now. This year is set to see significant regulatory changes with real consequences for UK financial and professional services. Many firms will have been preparing for them for months, if not years. Some [...]
Big Four cut ties to China’s debt-ridden property giants as developers delay results March 30, 2022 The Big Four auditors have begun cutting their links to China’s heavily indebted property developers, amid mounting concerns over the sector’s debt crisis. Accountancy giants Deloitte and PwC have both pulled out of auditing at a slew of Chinese property developers over the past three months. The exits come as PwC is reportedly set to [...]