Big Four

KPMG executives are pushing for significant consolidation among its national partnerships, seeking to drastically reduce the Big Four firm's "economic units" from over 100 to just 32 by next year. This streamlining of operations and aims to enhance growth and represents a substantial acceleration of

Deloitte's US tax division has told staff that it will now factor office attendance into employee performance reviews, impacting bonus decisions. An internal email revealed staff are expected to collaborate in-person two to three days weekly, with compliance becoming a formal evaluation metric, Fina

Deloitte's UK office has distanced itself from its US counterpart by reaffirming its dedication to diversity, equity, and inclusion (DEI) targets. Richard Houston, head of Deloitte UK, assured staff that the firm remains "committed to our diversity goals" and will continue annual reporting on inclus

KPMG, PwC, Deloitte, and EY, have significantly reduced graduate hiring and shed thousands of jobs as they grapple with a prolonged downturn in the professional services sector.

The Big Four accounting firms EY and PwC are projected to miss their 2025 targets for female partner representation in the UK. EY, with the most ambitious goal of a 40% female equity partnership, currently stands at only 28%. PwC is also lagging, three percentage points behind its 30% target. W

PwC UK has initiated a new round of redundancies, trimming its workforce and delaying promotions for some junior staff, in response to a slowdown in the professional services sector. The over 25,000-employee firm, which provides audit, consulting, and tax services, has offered voluntary redundancy t

The Financial Reporting Council (FRC) has launched a probe into KPMG's audit of gambling giant Entain's 2022 accounts. Entain, which owns brands including Ladbrokes, Coral, and Bwin, paid a £615 million fine in 2023 as part of a deferred prosecution agreement relating to a bribery probe into i

EY's failed attempt to spin off its consulting arm, known as Project Everest, left the firm with a hefty debt that took longer than expected to clear, according to its latest yearly account. Despite aiming to repay the $700 million (c. £575m) credit facility by July 2024, the Big Four firm sti

Deloitte is implementing significant cost-cutting measures in the UK, including a target to slash staff travel and expenses by over 50% by May, the end of its financial year. This decision, revealed in an email to partners and directors, comes amidst "challenging market conditions" in the UK's profe

KPMG has posted a 5.4% rise in global revenues to $38.4 billion (c. £30.5bn), outpacing its Big Four rivals in terms of revenue growth in the past year. The performance was driven by gains in audit, tax, and advisory services. Despite a slowdown in technology and M&A activity, KPMG's

Deloitte has appointed Allee Bonnard as its new UK managing partner for audit and assurance, marking the first time a woman has held this position in the firm's 179-year history. Ms Bonnard is a financial services audit partner and has over 20 years of asset management and private equity experience

Big Four firm EY has revealed plans to cut 150 jobs within its UK consulting division. The cuts will primarily affect senior roles such as managers, senior managers, and directors. This move comes as demand for consulting services weakens following a boom during the pandemic.

Vishal Chopra, who took over from James Kergon as senior partner for KPMG in Scotland, has revealed a new-look senior leadership team. Mr Chopra now oversees a team of more than 900 people across KPMG’s offices in Glasgow, Edinburgh and Aberdeen. He stepped into the role after having most rece

EY's UK partners have seen their average pay fall 5% to £723,000 this year, despite a 3% rise in revenue to £3.70 billion for the financial year ending 30 June 2024. The Big Four firm reported a compound annual growth rate (CAGR) of 10% for fee income over the last four years, while also

Deloitte has quietly dismissed approximately 250 employees in the UK, representing 1% of its workforce. This marks the third round of redundancies in 13 months for the Big Four firm. The cuts, which were not formally announced, targeted underperforming staff across its advisory divisions and follow