Search Results for: Accountancy
RBS hires PwC to investigate GRG division
August 12th, 2015
PWC has been hired by Royal Bank of Scotland to investigate whether its restructuring division forced viable businesses to fail. RBS has hired the Big Four firm alongside two law firms to scrutinise tens of thousands of businesses put into ...
KPMG facing probe as Quindell restates accounts
August 10th, 2015
KPMG is facing an investigation by the accounting watchdog over its work auditing the accounts of troubled AIM-listed insurer Quindell. The Financial Reporting Council inquiry was confirmed hours after Quindell revealed it had plunged to a £68m loss last year ...
Can auditors expand assurance to meet investors’ needs?
August 4th, 2015
A company’s audited financial statements are among the many pieces of information investors consider when they evaluate where to allocate resources. But news releases, company presentations, additional information in annual reports, and non-GAAP key performance indicators and financial metrics ...
KPMG forms alliance with alternative finance provider
August 3rd, 2015
Professional services firm KPMG has formed an alliance with an alternative finance provider to help more small businesses access the finance and advice they need to accelerate their growth. The partnership between the Big Four firm and MarketInvoice will ...
US watchdog refers PwC to ethics panel
July 30th, 2015
A US Department of Justice (DoJ) agency has referred PwC to the AICPA professional ethics division after finding ‘extensive deficiencies’ in an audit carried out by the US firm into federal grant compliance by a charity called Big Brothers ...
Accountants will soon be competing directly with solicitor firms
July 30th, 2015
Acountants will soon be competing directly with solicitor firms ‘on every high street in the country’, according to a leading financial adviser to the legal sector. Ian Muirhead, chairman of Solicitors Independent Financial Advice, said he expects 750 accountancy ...
PwC flying high after retaining EasyJet audit despite 10-way tender
July 29th, 2015
EasyJet will keep hold of PwC as its auditor after nine years in the role, despite putting the £400,000 account out to tender to nine other audit firms. The low-budget airline announced its intention to make the recommendation to ...
Finance Sector in the Dark Over Data Protection Changes
July 28th, 2015
With a quarter of businesses in finance and accountancy sector totally unaware of the EU General Data Protection Regulation we interviewed John Culkin, Director of Information Management, Crown Records Management to find out about the regulation and what financial ...
ASIC bans former director of Provident Capital Limited
July 28th, 2015
ASIC has banned Mr Trevor John Seymour, a former director of Provident Capital Limited (Provident Capital), from managing corporations for three years and providing financial services for three years. The ban follows an ASIC investigation which found Mr Seymour ...
PwC takes over from KPMG at Aberdeen Asset Management
July 24th, 2015
PwC has picked up a new financial services audit client as Aberdeen Asset Management has announced its intention to end its 32-year relationship with KPMG PwC is to be appointed as the group’s external auditor for the year ending ...
