Search Results for: Big Four
Deloitte is fined over audit failure
September 15th, 2015
First major finding against a ‘Big 4’ firm by watchdog, writes Gavin McLoughlin Accountancy giant Deloitte has been hit with a “severe reprimand” and a €41,000 penalty by the Chartered Accountants Regulatory Board (CARB). It is the first major ...
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 ...
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 ...
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 ...
Top 50+50: Firms grow fees despite navel-gazing
July 23rd, 2015
LAST YEAR Accountancy Age spoke of a profession that was looking to take advantage of increased businesses sentiment, more liquidity and better economic conditions. The latest Accountancy Age Top50+50 Survey, supported by Wolters Kluwer, shows that firms have continued to grow fees, as expected. ...
Deloitte joins cryptocurrency industry group
July 21st, 2015
To work with ADCCA on accounting standards for bitcoin. Big four accounting firm Deloitte has joined the peak industry group representing digital currency traders in Australia, highlighting a growing mainstream focus on cryptocurrencies. Australian Digital Currency Commerce Association is ...
Deloitte Trials Blockchain Tech for Client Auditing
July 16th, 2015
Professional services firm Deloitte has revealed it is trialling blockchain technology to automate client auditing and crowdsource its consulting efforts, among other applications. With the announcement, Deloitte – one of the world’s ‘Big Four’ audit firms – becomes the ...
PwC is to lose audit power of Aggreko to rival KPMG
July 15th, 2015
PwC is to lose the audit of temporary power outfit Aggreko next year, after 18 years, when Big Four rival KPMG takes control of the £1.1m account. The move is subject to shareholder approval at Aggreko’s 2016 AGM, after ...
BDO gets InTouch with cloud accounting
July 8th, 2015
BDO has opened a small business accounting service based partly on the Xero cloud accounting platform. Called InTouch, the BDO package is designed to support clients with “current business performance information which can be accessed anytime and anywhere”. The service ...
