Big Four

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Deloitte has put forward a plan to increase the income of Scottish Professional Football League's (SPFL) clubs from £28.4 million to £50 million by 2029. The plan to almost double the SPFL's distributable income comes after Deloitte's Sports Business Group was commissioned by the member

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PwC has announced that it is removing the 2:1 degree classification requirement for all its undergraduate and graduate roles, internships and placements. The big four firm's decision is designed to increase the socio-economic diversity of the firm and support its efforts to improve social mobility b

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Private equity investment in Scotland’s mid-market businesses has surpassed pre-pandemic levels after £2 billion was spent in the first six months of 2022, according to the latest analysis by KPMG UK. 35 private equity deals worth £2.1bn were recorded in the six months to June - th

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The Financial Reporting Council (FRC) has fined PwC £2.5 million and handed out a £60,000 fine to audit partner Richard Hughes. The verdict comes after an investigation revealed failings in PwC's 2017 audit of BT Group Plc after the discovery of £512m fraud.

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Consumer confidence has fallen for the forth consecutive quarter, reveals Deloitte. The rising cost of living has forced UK consumer confidence to a record low of -19% in Q2 2022, according to Deloitte’s latest Consumer Tracker, as rising inflation and subsequent price increases tighten the sq

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KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The £20m fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carrilion and Regenersi

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The Financial Reporting Council (FRC) has today published its annual inspection and supervision results of the largest audit firms (BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars and PwC). Overall, 75% of audits inspected were good or required limited improvement (compared to 71% in 2021 and 67% in

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Deloitte has warned of high expectations of a recession occurring within the next year as surveyed industry leaders brace for economic downturn. Amid rising inflation and intensifying economic headwinds, finance leaders assign a 63% probability to experiencing a recession within the next year, accor

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Over the past few months, a number of firms around the world have been sanctioned by regulators regarding cheating in exams. The most recent example involved cheating in external professional exams in addition to cheating on internal assessments. EY was fined a record $100 million by the Security an

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Jason Morris, regional market leader at PwC Scotland, comments on the latest Office for National Statistics figures revealing that Scotland saw the biggest increase in homeworking of all UK regions between January and March this year, compared with pre-pandemic levels. The latest data from the Offic

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PwC has announced that its partners will receive a record £1 million this year after reporting profits from an "exceptional year". All 995 UK partners will receive an average compensation of £920,000, a new record, up six per cent from last year's record compensation of £868,0

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PwC has announced four new equity partners in Scotland, alongside eight new directors, among a total of 240 promotions across the region. The admission of Katrina Hallpike, Ross Marshall, Kenny Munro and Stuart Copeland as equity partners– all of whom were directors in the Scotland firm &ndash

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