Big Four

The Financial Reporting Council (FRC) has opened a new investigation into EY, intensifying the regulatory pressure on the Big Four accountancy firm. The probe concerns the issuance of "unauthorised" audit reports to unnamed companies. According to the FRC, the investigation targets the firm itself a

KPMG is reducing the pay ranges for new and promoted staff in its UK offices near London, aligning salaries in commuter belt towns such as Reading and Watford with regional centres like Birmingham and Manchester. The shake-up means individuals joining or achieving promotion in these locations may be

Big Four accountancy firm PwC has said it expects to achieve full end-to-end integration of artificial intelligence (AI) across its audit work within the next year. Speaking at a briefing at its New York office, Shawn Panson, PwC’s US assurance transformation leader, said the firm is on track

PwC has reduced its global workforce and abandoned an ambitious five-year hiring target as it contends with slowing revenue growth, the impact of internal scandals, and the rise of artificial intelligence. The Big Four accounting firm cut its global staff by 5,600 in the year to 30 June, bringing it

Big Four firm EY UK has announced a return to growth, with fee income rising by 2% to £3.78 billion in the last financial year.

Demand for tax and consulting services has pushed EY's global revenue up by 4% to $53.2 billion (c. £39.6bn) for the financial year ending June 2025.

EY has been accused of misleading the Financial Reporting Council (FRC) over its audit of NMC Health, as the £2 billion negligence trial concerning the collapsed hospital operator nears its conclusion.

Deloitte will partially refund the Australian government after admitting a report it produced contained multiple errors generated by artificial intelligence. The Big Four firm is set to repay the final instalment of its A$439,000 (c. £215,000) contract for an "independent assurance review" of

Deloitte's UK business has reported its first annual revenue decline in 15 years, driven by a slump in its consulting arm. Despite the drop in income, average partner payouts rose to over £1 million as the Big Four firm implemented significant cost-cutting measures.

Deloitte in Scotland has welcomed 75 people to its graduate, BrightStart apprenticeship and industrial placement programmes this month. It comes as the firm’s award-winning graduate programme ranked fourth in the Times Top 100 Graduate Employer list for the fifth year running. 

PwC UK has reported a sharp halt in its revenue growth for the year ending June 2025, a stark contrast to the buoyant expansion of the previous three years. The Big Four firm’s revenue, which includes its Middle East operations, grew by just 0.4% to £6.35 billion, compared to growth rate

The head of Deloitte's Aberdeen office, Hazel Gray, remains confident in the city's future, even as the Big Four firm proceeds with a review of its UK internal services teams that will lead to job cuts.

Deloitte is considering redundancies at its Aberdeen office as part of a UK-wide review of its internal services teams.

The Financial Reporting Council (FRC) has launched a coaching programme for smaller audit firms, aiming to break the stranglehold of the "Big Four" on the audits of Britain's largest companies.

Hywel Ball, the former UK head of EY, has warned that the Big Four professional services firms face significant challenges in adopting artificial intelligence due to their sheer size. Announcing his new board roles at two AI-focused boutiques, Mr Ball argued that smaller, more nimble start-ups have