Search Results for: Big Four
New Chairman for UHY
November 12th, 2015
UHY, the international accounting and consultancy network, has elected Bernard Fay as the new chairman of UHY, following 17 years as a UHY Board Director. With Bernard’s election, the UHY network will be led for the first time by ...
Audit Regulator Finds 28 Deficient Audits By KPMG in Annual Report
November 11th, 2015
PCAOB says Big Four firm’s deficiency rate of 54% is up from 46% a year ago Audit regulators found 28 deficient audits at KPMG LLP in its latest annual inspection of the Big Four accounting firm, an increase from ...
Venture Fund Sues PwC for Alleged Audit Deficiencies
November 4th, 2015
Burrill Life Sciences Capital Fund sued Burrill & Co.’s founder in July A venture fund launched by Burrill & Co. is suing PricewaterhouseCoopers LLP for allegedly failing to flag unauthorized transfers that it claims led to millions in investor ...
PWC has scooped the Virgin Money audit from KPMG
October 27th, 2015
PwC wrestles Virgin Money audit from KPMG PWC has scooped the Virgin Money audit from KPMG after its Big Four rival had held the account for 11 years. Virgin Money intends to appoint PwC from 1 January 2016, subject ...
ACCC investigating banks’ closure of bitcoin companies’ accounts
October 20th, 2015
The Australian Competition and Consumer Commission is investigating why Australian banks are closing the accounts of bitcoin businesses, amid concerns banks are colluding to block emerging competitors. ACCC chairman Rod Sims told The Australian Financial Review the investigation was ...
Investor Seeks to Hold Ernst & Young Liable for Madoff Losses
October 15th, 2015
Court papers show FutureSelect invested about $200 million Ernst & Young failed to serve as a gatekeeper for a Washington investment firm that sank millions of dollars into Bernard Madoff’s investment firm and should be held liable for its losses, ...
KPMG hiring people with experience of implementing blockchains such as Ripple
October 13th, 2015
Big Four professional services firm KPMG is hiring people with experience of working with distributed ledger offerings such as Ripple, in order to help clients select and implement the right technology. David Montes, a managing director in the Financial ...
EY legal arm plans doubling of lawyer team in UK
September 25th, 2015
The Big Four accountancy firm, previously known as Ernst & Young, plans to increase its UK legal team from 30 to 60 lawyers within a year. Looking beyond the 12-month horizon, Philip Goodstone, head of EY’s legal services, said: ...
Deloitte, Libra, Accenture: The work of auditors in the age of Bitcoin 2.0 technology
August 20th, 2015
Back in the late 1990s the cryptographer Nick Szabo predicted the paper-era techniques of auditing and accounting would be dramatically augmented by, and eventually integrated into, smart contracts. The last year or two has seen lots of opinion about ...
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 ...
