• March 1 2025
  On Wall StreetDaniel Davies

  Time to deploy AI robots to rethink annual reports

  Large language models will be able to unspin financial numbers and open up a different way of understanding accounts

  
• February 19 2025
  Wood Group

  Wood Group’s CFO steps down after inaccurate claims about qualifications

  Engineering group accepts Arvind Balan’s resignation in statement on London Stock Exchange

  
• February 15 2025
  UK ministers explore further scaling back audit reform legislation

  Ministers discussed ditching a measure forcing Big Four accounting firms to share audits with smaller firms

  
• February 11 2025
  UK tax

  UK to change ‘unintended’ non-dom hit to overseas bank accounts

  Effect of provision would be reversed pending ministerial sign-off, Treasury official says

  
• January 31 2025
  EY

  DWS names EY as auditor despite funds suing firm over Wirecard scandal

  Appointment by Deutsche Bank’s asset management arm to take effect after ban on new listed clients lifts

  
• January 29 2025
  KPMG UK

  KPMG UK partners enjoy record payday

  Partners at Big Four firm take home an average of £816,000

  
• January 26 2025
  Bangladesh

  Bangladesh hires Big Four audit firms to review ‘robbed’ banks

  Central bank governor says EY, Deloitte and KPMG have already begun work after loss of estimated $17bn

  
• January 24 2025
  UK ministers explore shelving stricter audit rules for private companies

  Talks with investors and firms come as government seeks to push growth agenda

  
• January 20 2025
  KPMG UK

  KPMG probed by UK accounting watchdog over Entain audit

  FRC investigation follows allegations of bribery at Ladbrokes owner’s former Turkish unit

  
• January 14 2025
  KPMG LLP

  KPMG readies challenge to US law firms

  Big Four accounting firm wins panel endorsement for Arizona license to offer legal services to corporate America

  
• January 13 2025
  EY

  Debts on EY’s failed Project Everest took longer than expected to clear

  Doomed spin-off plan still had $270mn outstanding at the end of the firm’s financial year

  
• January 10 2025
  Accounting & Consulting services

  Andersen Consulting brand set for resurrection

  A 1990s name makes a comeback with help from George Shaheen, who led it for more than a decade

  
• January 6 2025
  Business InsightStephen Foley

  The Gen Z problem for audit firms

  The profession is finding it harder to attract and retain staff — a key factor in the quality of inspections

  
• January 5 2025
  US financial regulation

  Accounting firms try to block new US disclosure rules about auditors

  Regulator has been accused of piling pressure on companies with a flurry of rulemaking

  
• December 31 2024
  ‘Most important man in accounting’ warns against lowering standards

  Barry Melancon, for 30 years head of leading US professional body, says quality should not be compromised to aid recruiting

  
• December 23 2024
  EY

  EY accused of helping UAE company defraud Spac investors

  Lawsuit alleges auditor played ‘pivotal role in a years’ long scheme’ at Brooge Energy

  
• December 23 2024
  Deloitte

  Deloitte targets slashing UK travel and expenses spending by half

  Big Four consultancy firm aims to cut costs in response to ‘challenging market conditions’

  
• December 22 2024
  Accounting firms fear discrimination claims under US licence reform plan

  Group representing Big Four criticises on-the-job training proposals for CPA qualification

  
• December 19 2024
  EY

  EY wins first Dax audit client since Wirecard scandal

  Big Four firm handed mandate by biotech group Qiagen despite ban on taking on listed German companies

  
• December 13 2024
  Greensill Capital

  Greensill auditor suspended for 2 years by Australian regulator

  Nexia partner Joseph Santangelo audited collapsed supply chain financing group in 2018 and 2019

  
• December 12 2024
  UK local government finance

  Scores of English council accounts to be published without auditor approval

  Lengthy backlogs caused by chronic lack of capacity in local government and audit market

  
• December 10 2024
  Remote and offshore work could hurt audit quality, US regulator warns

  Breakdown of traditional apprenticeship model has ramifications on accounting firms’ culture, says PCAOB head

  
• December 9 2024
  Accounting errors force US companies to pull statements in record numbers

  ‘Concerning’ rise in restatements of financial results raises questions about quality of auditing

  
• December 3 2024
  Tees Valley Combined Authority

  Forvis Mazars refuses to sign off Tees Valley regeneration project’s accounts

  Auditor could not get sufficient assurance of Ben Houchen’s body before deadline

  
• November 26 2024
  UK local government finance

  UK spending watchdog refuses to sign off government accounts

  National Audit Office criticises ‘material and pervasive’ gaps in public sector audits

  

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