Big Four auditors EY, KPMG, Deloitte and PwC face SEC probe over conflicts-of-interest March 16, 2022 The US watchdog tasked with regulating financial markets has launched an investigation into potential conflicts of interest in the Big Four accountancy companies. The US Securities and Exchange Commission (SEC) has set up a probe into whether the Big Four’s businesses selling consulting and non-audit services undermine their ability to provide objective and independent audits, [...]
Sir Martin Sorrell’s S4 Capital sinks 35 per cent following PwC audit delay March 30, 2022 S4 Capital’s shares nosedived 35 per cent this afternoon after PwC auditors said they were unable to complete the work needed for the company’s financial results tomorrow. In a statement to the stock exchange, the digital advertising group said that it had been informed by the accounting firm early this afternoon that it was “unable [...]
Sandbox tokens lift seven per cent as PwC enters the metaverse December 23, 2021 SAND tokens are trading up 7.33 per cent today after consulting firm PwC Hong Kong snapped up a spot in the Sandbox metaverse.
Goldman, Citi, KPMG and PwC lead office return as workers flock back into the City January 21, 2022 The City of London’s major banks, accountants, law firms, and insurers have called on staff to return offices, after the government scrapped its work-from-home guidance. Major players including PwC, KPMG, Slaughter and May, and Aviva, told City A.M that they have called on staff to come back in. Major banks and financiers including Goldman, Citi, [...]
KPMG UK: Number of equity partners dips below 500 as Big Four layoffs begin November 19, 2023 KPMG UK has cut its number of equity partners to less than half the size of rival PwC in a sign that the firm has not hesitated in making cuts right at the top of the firm as the Big Four begin another round of layoffs.
PwC boss warns ‘negativity’ about audit industry will put off new recruits December 29, 2021 The UK head of PwC has warned that continued criticism by politicians and industry watchdogs will damage the audit sector, according to reports. Kevin Ellis, UK chair and senior partner at PwC, said the reputational harm would make it harder to attract and retain auditors, making it more likely for the audit giant to look [...]
After 12 years: PwC likely to be replaced by EY as Aviva auditor November 18, 2021 Aviva has proposed EY as its new auditor from 2024, replacing PwC after 12 years.
‘PwC has questions to answers’: analyst firm warned years ago about audit failures at Babcock January 17, 2022 Audit giant PwC ignored warnings over irregularities in the accounts of British defence contractor Babcock International for years, even after they were flagged by analysts, according to sources speaking to City AM. In an email to this paper, analyst firm Boatman Capital Research said: “The Boatman and others were warning about accounting issues at Babcock from 2018 [...]
PwC shaped DWS sustainability credentials while probing greenwashing claims September 26, 2021 PwC was providing guidance to DWS on its sustainability credentials while investigating greenwashing at the German asset manager. DWS’s former head of sustainability, Desiree Fixler, accused her former employers of using botched environmental, social and governance (ESG) metrics, according to the Financial Times. The concerns were raised in March to chairman of DWS Karl von [...]
‘Bat from Wuhan’: PwC chief apologises for ‘racist and offensive’ staff event September 28, 2021 The chief executive of PwC Australia has issued an apology for “racist and offensive” behaviour by two human resource staff members during a trivia event hosted by the Big Four company. The virtual game of trivia in which one PwC HR executive allegedly dressed as a “bat from Wuhan”, while another mocked Chinese accents, took [...]