UK accountancy firms are turning their backs on audit work, according to official figures that recorded a fall in registrations for the fifth successive year.
Anglo-Dutch consumer goods company Unilever has ditched PwC as its auditor after 26 years to comply with new rotation proposals put forward by the Financial Report
The Financial Reporting Council’s disciplinary wing this week announced that two mid-size accountancy firms were the subjects of investigations into their professional independence and competence.
British multinational bank HSBC has ditched KPMG in favour of PwC after more than two decades as the bank’s auditor.
The former head of Grant Thornton’s Manchester and Liverpool offices has gone solo after 25 years with the firm to start up his own consultancy.
Deloitte has been accused of failing to manage conflicts of interest in its advice to the Longbridge car maker and the Phoenix Four directors.
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An accountancy firm that audited a business where one of its principals was a director has been fined and “severely reprimanded” by the ICAEW.