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Trump’s taxes, a cultural shift & more…Keep up to date with the latest accountancy and finance news in our weekly round-up…

Accountants are ready for a cultural shift

According to a survey, 905 of accountants believe there has been a cultural shift wherein professionals no longer see themselves as number crunchers.

BDO or Mazars to oust Big Four as Goldman Sachs UK auditor

Either BDO or Mazars are understood to be in line to become the first auditor in the multinational investment bank and financial services company’s history from outside the Big Four.

Trump tax case heard in federal courts for the first time

A federal judge has said that President Trump’s financial records, held by Mazars, would be part of a “proper subject of investigation” by Congress.

Ernst & Young removes university degree classification from entry criteria as there’s ‘no evidence’ it equals success

Ernst & Young, one of the UK’s biggest graduate recruiters, has announced it will be removing the degree classification from its entry criteria, saying there is “no evidence” success at university correlates with achievement in later life.

KPMG fined £5m over Co-operative Bank audit

KPMG has been fined £5m and “severely reprimanded” after admitting misconduct in its 2009 audit of Co-Operative Bank.

Deloitte partners with US labour law specialist

Deloitte Legal has joined forces with law firm Epstein Becker Green as part of a push to provide clients support with managing global workforces.

KPMG advises on £100m grant for British Steel

The government is to provide £100m to British Steel in emergency support, after the company faced a financial shortfall ahead of its latest carbon emissions bill.

Kingston Smith joins Moore Stephens International network

Top 20 accounting firm Kingston Smith, formerly the UK member firm for global network Morison KSi, has quit to join Moore Stephens International.

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