BDO becomes largest auditor of listed UK firms & more…Keep up to date with the latest accountancy and finance news in our weekly round-up…
The accounting watchdog has criticised Grant Thornton over its ‘unacceptable’ record on public sector audits, after five out of six of the firm’s local audits were found to fall below the expected standard.
Big Four auditing firm KPMG has entered into a strategic partnership with crypto analytic firm Coin Metrics in order to support growth in institutional adoption of crypto and blockchain, the firm said in a press release on 27th October.
KPMG has become the second major auditor to begin exploring a sale of its UK restructuring arm in as many months, as the big four accountants prepare for unprecedented reform of the profession.
A senior executive at PwC has been identified in a £63m court case against the Big Four accounting firm in which it is accused of leaking confidential client information.
Deloitte has resigned as auditor of EG Group, the UK petrol stations company whose billionaire owners just agreed a £6.8bn takeover of Asda, because of concerns over its governance and internal controls, according to four people briefed on the matter.
Hundreds of partners at KPMG UK are braced for reduced payouts as the firm postpones the release of its annual results until it has a clearer view of the impact of COVID-19 on the UK economy in 2021.
Challenger firm BDO now audits the highest number of listed UK companies as attempts to reform the sector sees companies move away from the Big Four.