Revolut is being pressured to improve its internal controls for financial reporting, after the U.K.’s Financial Reporting Council said the FinTech’s audits were flawed and...
The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep...
The Financial Reporting Council (FRC), the U.K.’s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte,...
The U.K.’s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year...
All of the U.K.’s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit quality standards set...
U.K. financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over...
The U.K. government is readying to create a new accounting and auditing watchdog after months of scrutiny that the current regulatory landscape has failed to...
The U.K.’s Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardian reported...
The head of the U.K.’s Financial Reporting Council is reportedly stepping down from the position amid continued scrutiny that the FRC lacks effectiveness to prevent...