The estimated costs of the proposed plans to break up the stranglehold of Big Four accounting firms over the auditing business have been predicted to grow to £1 billion over 10 years, according to government figures.
The start of EY's vote to split the company has been postponed as the firm's 'global framework agreement' has not been finalised yet. Voting on the proposed separation of the audit and consulting businesses, which was approved in September, was set to start this month with balloting of the big four
EY's UK partners have received a 7% boost to their payouts, an average of £54,000 to £803,000, as the big four firm announced record levels of growth for its UK business. The firm's UK revenues are up 17.2% and UK fee income increased to £3.23 billion from £2.75bn over the la
Heriot-Watt University has been ranked as the best Scottish university for landing a role at a big four accountancy firm (PwC, Deloitte, EY and KPMG) according to a new analysis of LinkedIn data. As undergraduates return for their final year of university this Autumn, many will have their mind set o
UK consumer confidence has fallen for the fifth consecutive quarter in Q3 2022, falling by one percentage point to a historically low -20%, according to Deloitte’s latest Consumer Tracker. Spending power also remains significantly strained, as consumer sentiment around levels of debt also reac
EY has announced its launch of a centre of excellence in Glasgow that will specifically hire neurodivergent individuals to fuel innovation in technology, bring a new dimension of creativity, and drive greater diversity, equity, and inclusion in the workplace. The Neuro-Diverse Centre of Excellence (
A collective value of £1.02 billion worth of unused smartphones has accumulated in consumer households in the last three years, according to new research from Deloitte, with consumers upgrading their handsets while leaving older devices in cupboards or drawers. Deloitte’s Digital Consume
KPMG has promoted six colleagues to partner and 96 other colleagues to new positions in Scotland, demonstrating the firm’s continued development and investment in its people. Grant Archer, Terri Costello, Ann Devine, Susan Dunlop, Slim Gueddana and David McKay, all became partners of the profe
EY has announced combined global revenues of $45.4 billion (£40bn) for the financial year ending June 2022. With an increase of 16.4% in local currency (13.7% in US dollars), this marks one of the most successful years in the history of the organisation with the highest growth seen in nearly t
Scotland is set to benefit from an influx of new accounting jobs after Deloitte declared its plans to create at least 1,000 new jobs outside of London over the next five years. The big four firm joins a trend of expanding financial hubs outside the capital and, in addition to Scotland, plans to add
Deloitte has reported a record revenue of $59.3 billion (£51bn) in its annual results, for the year ending 31 May 2022, an increase of 19.6%. An estimated $16bn (£13.8bn) was attributed to services sold as part of deals with big tech groups.
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