- April 24, 2018 Big Four firms Face Potential £10m Fines for Shoddy Audit Work Financial Reporting Council (FRC) has decided to implement a number of restrictions and sanctions on the Big Four firms after the body faced immense pressure to take a strong stand against these firms in light of the ...
- March 27, 2018 ACCA Releases New Report Analysing the Impact of Recent Changes Made to Auditor Reporting Standards ACCA (the Association of Chartered Certified Accountants) has recently released a new report named ‘key audit matters: unlocking the secrets of the audit’ as per which the recent changes made to standards pertaining to rep ...
- February 7, 2018 CIPFA Recognition Revoked as an Audit Qualifying Body The UK based independent regulator Financial Reporting Council (FRC) has revoked the recognition of the Chartered Institute of Public Finance (CIPFA) as an audit qualifying body, effective from December 18, 2017. ...
- October 30, 2017 EY Found Guilty of Misconduct in the Audit of Tech Data Ernst & Young is one of the Big 4 accounting & auditing firms. Julian Gray is working as a statutory external auditor for the firm. He is a qualified Chartered Accountant as a good standing member of The ...
- October 2, 2017 BDO Replaces Deloitte as Mitie Auditor British strategic outsourcing group Mitie has recently made the announcement of appointing BDO as its new auditor after Deloitte resigned from its position as the group’s external auditor. At the group’s annual gen ...
- September 25, 2017 Sasfin Holdings End their 18-year Relationship with KPMG amid Gupta Scandal Sasfin Holdings, a banking and financial services group based in South Africa, has recently made an announcement with regards to removing KPMG as its auditor. This decision of the South African based company resulted in ...
- September 1, 2017 Federal Court of Canada Rules in Favor of taxpayer in transfer pricing tax Case Canadian Federal Court has made a ruling as per which the Canadian Revenue Agency (CRA) may not be able to hold any more face-to-face interviews with persons connected directly with a multinational with ...
- August 29, 2017 BHP Billiton Appoints EY as its New External Auditor Mining giant BHP Billiton has confirmed that Big Four Firm EY will take up its audit and in the process will replace rival firm KPMG as auditors BHP Billiton group. The Australian-based mining group has a market ...
- August 21, 2017 Standard Life Aberdeen confirms KPMG as its auditors Standard Life Aberdeen, formerly known as Standard Life, is a UK-based global investment company. Standard Life Aberdeen confirmed the decision of appointing KPMG as its auditor, after completion of the £11bn ...
- July 27, 2017 Wetherspoon Replaces PwC as their External Auditor Pub giant JD Wetherspoon (JDW) has recently made an announcement regarding ending its 34-year long relationship with PwC as the company is set to replace big four firm with Grant Thornton as its external auditors once ...
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