Keep up to date with the latest accountancy and finance news in our weekly round-up…

 

KPMG UK introduces new audit structure but falls short of full separation

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.

Over a third of audits still failing the quality test

The number of deficient audits performed by the six largest global audit firm networks reduced by 3% in 2018, although the current level – at 37% – is still unacceptable.

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.

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