M&C Saatchi accounting errors total £11.6m
M&C Saatchi announced it will need to make adjustments of £11.6 million to its financial results, following an independent review conducted by PwC. This comes after the group initiated an ...
Tag: PwC
ITV appoints PwC as auditors from 2021
Media giant ITV has announced that following the conclusion of a formal competitive tender process led by its Audit and Risk Committee, its board has approved the appointment of PwC ...
Auditors ‘complicit’ in company failures, Thomas Cook inquiry says
The ‘Big Four’accountancy firms have been “complicit” in a number of high-profile business failures such as that of Thomas Cook, the chair of the House of Commons’ business, energy and ...
PwC gives retired partners £100m payout
Retired partners at ‘Big Four’ accountancy firm PwC shared a £100m payout after the company recorded record profits this year. Some 1,100 former partners at the company received an average ...
PwC reports global revenues of $42bn
For the 12 months ending 30 June 2019, PwC firms around the world had gross revenues of $42.4bn (£34.1bn) – up 7% in local currency and 4%. The ‘Big Four’ ...
Pure Circle delays results amid £24m accounting issue
PureCircle producer and innovator of stevia sweeteners for the global food and beverage industry, has postponed the publication of its results for the year ended 30 June 2019, after “accounting ...
PwC UK annual revenues up 12% in 2018
‘Big Four’ accounting firm PwC UK has recorded a 12% increase for the year ended 30 June 2019 £4.2bn. The rise in revenue is in part down to ‘higher than ...
Sports Direct asks for fresh Big Four talks in hopes of snub u-turn
Sports Direct has asked the ‘Big Four’ accountancy firms for fresh talks as it searches for a new auditor, in the hopes that they may reconsider turning down the contract. ...
Renold investigation reveals accounting error adds up to £2.5m
Renold, an international supplier of industrial products, has revealed an accounting error first discovered earlier this year now totals £2.5m, following additional findings from a PwC investigation. On 9 July ...
Ineos to drop PwC as auditor
Ineos, Britains biggest private company, is reportedly set to drop Big Four accountancy firm PwC as its auditor. According to Sky News Ineos, founded by one of Britain’s richest men ...
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KPMG sells pensions arm to partner-backed Newco
KPMG has reportedly signed a conditional agreement to sell its pensions arm to Newco, in a management buyout deal...
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