Keep up with the latest accountancy and finance news in our weekly round-up…
Audit firm Deloitte has been fined a record £15m and been severely reprimanded for failings in its audits of software company Autonomy between January 2009 and June 2011.
PwC has committed to achieving net zero greenhouse gas emissions across its global network within the next ten years, and will be taking action to support its suppliers and clients in tackling their impact on the climate.
The global chairman of EY has expressed “regret” that a fraud collapsed German fintech Wirecard was “not uncovered sooner” by his firm’s auditors and said the Big Four accounting group would “raise the bar significantly” on its vetting work.
KPMG has been forced to abandon plans to slash the sums it pays into thousands of employees’ pension pots following the threat of legal action.