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Big Four firm KPMG said today it was introducing a new structure to move its audit firm away from the rest of its UK business, but falling short of a full separation.
According to a survey, 905 of accountants believe there has been a cultural shift wherein professionals no longer see themselves as number crunchers.
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, 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 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.
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.
Top 20 accounting firm Kingston Smith, formerly the UK member firm for global network Morison KSi, has quit to join Moore Stephens International.