Big Four

FRC opens investigation into unnamed audits conducted by EY

The Financial Reporting Council (FRC) has opened an investigation into EY’s audits of the consolidated financial statements of a public…

EY downgrades Scotland’s growth forecast amid low productivity

EY has downgraded Scotland’s growth forecast to a GVA of 0.9% for 2025 due to low productivity and high labour…

PCAOB imposes $2.75m fine on PwC Israel for exam misconduct

The Public Company Accounting Oversight Board (PCAOB) has imposed a $2.75m (£2.18m) fine on PwC Israel for violating its quality…

Failure rates amongst startups at lowest level in a decade, PwC finds

The failure rate of new businesses relative to total insolvencies is said to be at its lowest level for more…

KPMG partners with with Croner-i

KPMG has announced a new alliance agreement with Croner-i, one of the UK’s leading online research services for tax, audit,…

UK private equity activity jumps 4.4% in 2024, KPMG reveals

Total private equity investment activity in the UK rose by 4.4% in 2024, with deal values increasing to their highest…

EY to move to new Birmingham office

EY is set to relocate to a new office in Birmingham as part of its continued investment in the city…

UK GDP downgraded after ‘weaker-than-expected’ end of year, EY says

UK GDP growth expectations for 2025 downgraded to 1% after a “weaker-than-expected” end to 2024, according to the EY ITEM…

PwC appoints market senior partner to Bristol practice

PwC has appointed Ben Pykett as the market senior partner for its Bristol practice, replacing Tom Ayerst, who will continue…

Experian re-appoints KPMG as auditor

Global data and technology company Experian has announced that the board has approved the re-appointment of KPMG LLP (KPMG) as…