Grant Thornton walks out on Sports Direct & more…Keep up to date with the latest accountancy news in our weekly round-up…
Hundreds of partners at the UK arm of accountancy firm Deloitte are in line for their biggest payday in a decade despite widespread criticism of Britain’s big accounting firms and their substandard audit work.
The US securities and Exchange Commission (SEC) said on Tuesday that it fined public accounting firm RSM US LLP $950,000 to settle claims it violated the agency’s auditor independence rules.
Grant Thornton on Wednesday abruptly walked out as an adviser to Sports Direct, leaving the troubled leisure giant without an auditor and potentially forcing the Business Secretary to intervene.
KPMG has forced out the head of one of its core businesses in Britain after an investigation into his conduct involving messages sent on WhatsApp.
Former Grant Thornton chief executive Sacha Romanovitch is to lead Fair4All Finance, an organisation aimed at financial inclusion.
Ineos has replaced longstanding auditor PwC with Big Four rival Deloitte following a tax avoidance row that sparked tensions between the accountancy group and the UK’s largest private company.
Patisserie Valerie creditors have appointed a new administrator, taking over from KPMG and increasing the chances of legal claims being brought against the failed chain’s auditor Grant Thornton.
Almost a quarter (23%) of UK accountants said poor management would drive them to quit their jobs.