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EY has been appointed as Revolut's new auditor, concluding the fintech's relationship with its former auditor BDO. The change is seen as a crucial step in the company’s prolonged effort to secure a full UK banking licence.

Businesses that undertake effective assessments of their artificial intelligence (AI) systems can better harness the technology’s potential to boost innovation, productivity, and growth, according to a policy paper published by ACCA (the Association of Chartered Certified Accountants) and EY.

The Bank of England is widely expected to cut its bank rate by 25 basis points to 4.00% at its August meeting, though the decision is unlikely to be unanimous. Two hawkish members of the Monetary Policy Committee (MPC) are anticipated to vote for holding rates steady amid lingering price pressures.

EY has named Sue Dawe its new Scotland managing partner, succeeding Ally Scott, who is moving to a UK-wide leadership role. Under Mr Scott's leadership, EY Scotland experienced sustained double-digit percentage revenue increases year on year, established a burgeoning private & mid-market platfor

Scotland’s financial services industry has the potential to increase the sector’s GVA contribution by up to 21% by 2028, according to new research by EY. The inaugural report, Accelerating Growth in Scotland’s Financial Services Sector, which is based on detailed economic anal

The Bank of England is widely expected to keep the Bank Rate at 5.25% in its upcoming meeting, although a minority of Monetary Policy Committee (MPC) members may vote for a reduction. Recent economic data is likely to have bolstered the MPC's confidence that inflation is on a sustainable downward pa

Scotland has secured 135 foreign direct investment (FDI) projects in 2024 and cemented its reputation as the top UK FDI location outside London after marking a decade in the position. Despite a drop of seven projects (-4.9%) on the year before, this is still the second highest annual number of proje

Scottish Financial Enterprise (SFE) has announced a fundraising partnership with cancer care charity Maggie’s for the 2025 Scottish Financial Services Awards. The awards, sponsored by EY, will take place in Edinburgh in October and are a flagship industry-wide celebration to recognise the cont

Scotland's financial services sector attracted a decade-high number of foreign direct investment (FDI) projects in 2024, positioning it as the top UK location outside of London. According to figures from the forthcoming EY Scotland Attractiveness Survey 2025, Scotland secured 11 projects, an increas

Reflecting wider trends, the Scottish economy is currently in a fragile state, exacerbated by the US's recent announcement of 10% tariffs on all imports, which has dampened business and consumer confidence, according to the latest EY ITEM Club Scotland forecast. The US tariffs are likely to have an

The Financial Reporting Council (FRC) has identified "extremely serious" failings in EY auditing of NMC Health, a London High Court heard on Monday. These findings were disclosed during a trial where the collapsed hospital operator’s administrators are suing the Big Four firm for approximately

EY has once again postponed start dates for graduates recruited to its US strategy and deal advisory arm, EY Parthenon.

The EY ITEM Club has downgraded its GDP growth expectations for 2025 to 0.8%, down from the 1% predicted in February’s Winter Forecast, and has revised its 2026 forecast down from 1.6% to 0.9%. While the start of 2025 appeared to show economic momentum building, the weaker global economy and m

The Financial Reporting Council (FRC) has launched an investigation into EY's audits of the Post Office for the financial years 2015 to 2018. The probe stems from the ongoing fallout of the Horizon IT scandal, which saw hundreds of sub-postmasters wrongfully convicted based on faulty software data.

The Financial Reporting Council (FRC) has fined EY nearly £4.9 million for "serious" breaches of standards in its audits of the failed travel company Thomas Cook. The penalty concludes a near six-year investigation into the firm's work on Thomas Cook's accounts for the financial years 2017 and