Pwc

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The Financial Reporting Council (FRC) has fined PwC £2.5 million and handed out a £60,000 fine to audit partner Richard Hughes. The verdict comes after an investigation revealed failings in PwC's 2017 audit of BT Group Plc after the discovery of £512m fraud.

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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

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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

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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

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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%.

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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 

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Most employers have skills shortages in their workforce or expect to have shortages in the next five years, according to new research conducted by PwC. Concerns around skills shortages were profound with 33% experiencing a current shortage in core business skills such as teamwork, leadership, relati

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Staff at Big Four firm PwC have hit back at Lord Sugar after he called employees at the company "lazy", following an announcement that PwC will allow employees to take Friday afternoons off during the summer months. Last week, Scottish Financial News reported that the firm had written to its 22,000

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Last week, Scottish Financial News reported that Big Four firm PwC is offering shorter working hours on a Friday over the summer. Chris Phillips, employment law partner at Thorntons Solicitors comments. The idea of shortening or flexing hours for staff over the summer is great in principle and, as l

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PwC staff have been told they can finish early on Fridays over the summer in a renewed attempt to keep employees happy amid the shift back to working from the office after the pandemic. The Big Four firm has written to its 22,000 staff in the UK and informed them that they can finish at lunchtime on

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Scottish accountancy firms and financial regulatory bodies have responded to Chancellor Rishi Sunak's Spring Statement announced yesterday. The Chancellor cut fuel duty by 5p per litre, which came into force from 6pm last night and will last until March next year. He also announced that the income t

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PwC Canada has been fined over $900,000 by Canadian and US accounting regulators over exam cheating involving 1,100 of its auditors. The Canadian Public Accountability Board and the US Public Company Accounting Oversight Board found that PwC had failed to notice that staff were sharing answers in ex

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PwC has announced the appointment of Jon Shelley as head of deals for Scotland amid a high level of activity in Scotland, across the UK and internationally. Mr Shelley replaces Jason Morris, who was recently appointed as regional market leader for PwC Scotland. Mr Shelley was previously head of corp

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