EY launches its first UK FinTech lab & more…Keep up with what has been happening  in our latest accountancy news round-up…

Exam cheating at UK audit firms uncovered by watchdog

Financial Reporting Council urges ‘vigilance’ after cheating in tests underpinning professional qualifications found at top auditors

Abrdn CFO Stephanie Bruce to step down

Abrdn Plc’s finance boss Stephanie Bruce will leave the company, the investment firm said on Thursday without providing a timeline for her departure, at a time the firm seeks to boost returns amid market turbulence that has dented its performance. Bloomberg News had first reported on Thursday that Bruce would leave her role in the coming months, citing an abrdn spokesperson.

Deloitte fined over SIG accounting failures

Deloitte has been fined over £900,000 by the UK watchdog for failings in its auditing of building materials supplier SIG’s financial statements between 2015 and 2016.

EY launches its first UK FinTech lab, announces ambitious growth investment plan and ramps up regional FinTech focus

EY has today announced the launch of its first FinTech lab, based in London, with a second one planned in Edinburgh next year.

Binance Losing Auditing Partner Mazars Leaves Crypto Questions Unanswered

Auditing firm Mazars, which had published a proof of reserves report for Binance and other exchanges, on Friday cut ties with clients in the crypto industry.

EY announces the acquisition with Frank Hirth Plc

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