A tax on tech giants, Dos Santos revelations & more…Keep up with the latest accountancy and finance news in our weekly round-up…
KMPG is exploring the sale of some advisory units as the firm steps up its efforts to reduce conflicts of interest and refocuses on audit work. The potential sales come as the Big Four firm strives to improve its reputation following a bruising two years of criticism and fines linked to the quality of its auditing work.
A whistle-blower who is suing audit giant EY over allegations it covered up a money laundering scandal that took the stand today in his High Court trial against his former firm.
Deloitte is to pay £1.8m in fines and costs following a five-year ICAEW investigation into the firm’s handling of the administration of electricals retailer Comet, which collapsed in 2012.
A top PwC executive has left the firm after revelations of PwC links with Isabel Dos Santos, who is under investigation for corruption.
Leading accountancy bodies have called for company reporting to address progress towards the UN’s Sustainable Development Goals. The Institute of Chartered Accountants of Scotland and the Association of Chartered Certified Accountants are among six accountancy bodies which co-published the report.
KPMG is being pursued by a rival Big Four firm over its audit of five-a-side football pitch operator Goals Soccer Centres following accounting fraud dating back to 2009, according to The Sunday Times.
The luxury leather goods retailer Aspinal of London has hired advisers to assess a range of funding options amid parallel talks about a sale of the company.