Ernst & Young splits into separate audit and advisory businesses & more…Keep up with what has been happening in our latest accountancy news round-up…
Bosses at the “big four” accountancy firm Ernst & Young have decided to move ahead with a radical break-up plan to separate its audit and advisory businesses, which will now be put to a vote by its 13,000 partners.
The firm’s revenue of $59.3 billion is an increase of 19.6% in local currency terms from 2021’s $50.2 billion. Deloitte is the first of the Big Four firms to announce its global revenue for 2022, bringing in a record $59.3 billion for the financial year ending May 31.
An accountancy group has acquired a rival with bases across the Midlands and North West. Dains has bought out Barringtons which has offices across Staffordshire, Cheshire and Shropshire.
The trainees will be a combination of school leaver apprentices and university graduates, with 400 joining BDO’s audit practice
An accountancy firm has used a period of expansion to invest in a new, energy efficient office. Tax specialist Douglas Home & Co used the creation of a new base in Hawick, Scottish Borders, as an opportunity to work closely with Zero Waste Scotland (ZWS) and identify a number of carbon reducing measures.