Big Four

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

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

EY CEO, Carmine Di Sibio, has said that the his firm stands to gain $10 billion (£8.37bn) in additional fees by separating it's auditing and consulting divisions. EY is the first of the big four firms to move towards breaking up of its different business services. The leaders of the big f

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

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

Scottish business confidence has fallen to a record low in June, but remains stronger than Europe, according to the latest Accenture / S&P Global UK Business Outlook. Whilst the findings come amid global economic uncertainty, a net balance of +17% more private sector firms forecast their ac

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

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

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

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

EY has been fined $100 million (£82m) after its audit professionals were caught cheating in exams required for obtaining and maintaining their certified public accountant (CPA) licenses.

With inflation having reached a 40-year high, fears of a recession have been all but confirmed, according to KPMG's latest UK economic outlook report.

Recognising the impact of the current living cost crisis and the competitive state of the recruitment market, PwC has decided to increase staff pay in line with inflation. In this pay rise, PwC's most significant in 10 years, half of all UK employees will receive a minimum salary increase of 9%.

Big Four accountancy firm PricewaterhouseCoopers (PwC) has been fined £5 million in relation to its audits of Galliford Try and Kier Group. The company was fined a total of £8,850,000, adjusted to £4,998,500, by the Financial Reporting Council (FRC) - £3,038,750 and 

Deloitte has announced the appointment of Angela Mitchell as a new senior partner for Scotland, becoming the first woman to hold this senior position in Scotland. Ms Mitchell has been office senior partner for Deloitte in Glasgow since 2020 and has led the firm’s public sector practice in Scot