Ey

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The expected bill for unsustainable debts to UK firms has dropped by £10 billion to 'only' £20bn, according to TheCityUK. TheCityUK’s Recapitalisation Group (RCG), supported by EY, has today published updated projections for levels of unsustainable debt faced by SMEs.

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EY in Scotland has welcomed Moray Barber to the firm as a tax partner based in Aberdeen who will primarily serve the energy sector. His appointment follows that of Duncan Reoch as associate partner who joined in March. Mr Barber has more than 20 years of experience supporting clients with complex ta

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The number of profit warnings issued by listed businesses headquartered in Scotland in the first half of 2020 (H1 2020) increased by 45% year-on-year, with 94% citing the impact of the coronavirus pandemic, according to EY’s latest Profit Warnings report. EY recorded 16 profit warnings in the

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The Financial Reporting Council (FRC) has ordered the UK's Big Four accountancy firms to separate their audit practices by June 2024. The FRC has outlined a set of principles for the operational separation of audit functions within PwC, Deloitte, KPMG and EY. The watchdog has ruled that the four&nbs

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Scottish accountancy veteran Aidan O’Carroll is stepping down from his role as senior partner at EY after 35-years at the firm. For the last three years, Mr O'Carroll has been based in Glasgow working primarily with Scotland’s family and private business sector. Prior to that, he spent 1

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The Financial Times has reported that EY partners have been briefed on the upcoming legal action filed against them concerning its audit of German payments company Wirecard. More than 1,000 Wirecard shareholders have joined the legal proceedings seeking up to £910 mill

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Big Four accountancy firm EY has been ordered to pay $10.8 million in damages to Amjad Rihan, an auditor turned whistleblower who claimed that the firm covered up evidence of money laundering.

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BDO is the latest major accountancy firm to announce cuts to partners remuneration and the furlough of staff with the firm decreasing partner pay by a fifth amid the coronavirus pandemic. BDO, which is the fifth-largest accounting group in Britain by revenues, told its 5,500 employees yesterday

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