The Financial Reporting Council (FRC) issued a historic number of fines in 2023, totalling £33.2 million, surpassing the previous year's record.
Big Four
KPMG, the smallest of the Big Four accounting and consulting firms, reported an 8% growth in global sales in the financial year ending September 30, 2023, reaching $36.4 billion (around £29bn).
KPMG has entered discussions to merge its UK and Swiss operations in a move that could significantly impact the firm's growth and profitability.
EY has intensified its redundancy efforts in the UK with the planned the termination of an additional 150 jobs, bringing the total number of redundancies this year to 300.
Big Four accounting firm EY is considering leaving its London headquarters as the shift towards remote working continues to impact office demand.
KPMG UK's partnership ranks have dwindled to less than half the size of its rival PwC's, with a 7% decrease in equity partners over the past year.
The contest to select EY's next global leader has been marred by internal disputes regarding the consideration of age in the appointment process.
PwC has become the the latest of the Big Four firms to plan a reduction to its UK workforce. PwC has refrained from specifying the number of employees targeted by the initiative, confirming only that it would extend voluntary severance packages. However, it is expected that up to 600 positions could
PwC's global firms have reported a record revenue of $53.1 billion (around £43.5bn) in the financial year ending 30 June 2023, marking a 9.9% growth in local currency. This achievement comes despite the exclusion of the Russian firm from the network and the sale of the global mobility and immi
Amid a challenging economic backdrop and a slump in the deals market, KPMG has announced it is instituting new austerity measures within its UK operations. The firm is set to slash around 110 positions in its deal advisory department, constituting approximately 7% of the sector's nearly 1,700 person
Despite seeing a slowdown in takeovers, Deloitte UK, has reported a robust 14% growth in annual revenues, disclosing a turnover of £5.6 billion for the year to 31 May, up from £4.9bn in 2022. This surge in revenues, primarily driven by strong markets in the initial half of the year, led
Following Deloitte's recent announcement to cut approximately 800 jobs, concerns have intensified about the sector's prospects.
Glasgow-based Fraser Wilson has been appointed as the new regional leader for financial services at PwC UK. Mr Wilson Fraser, who already leads on financial services for PwC Scotland, takes on the new leadership role, overseeing activity with financial services clients across the UK regions outside
Big four firm Deloitte has announced that it is preparing to cut around 800 jobs across its UK division, representing approximately 3% of its 27,000-strong workforce in the country.
PwC Scotland has reported a 12.5% increase in graduate recruits this year, with a total of 90 students joining the firm's offices in Glasgow, Edinburgh, and Aberdeen. Of the new recruits, the majority (43) will join the Edinburgh office, with 37 based in Glasgow and 10 in Aberdeen - with 77% of the