Thin end of the wedge? LLPs brace for major tax overhaul July 2, 2026 The maths genius behind trading firm XTX, Alex Gerko, stands high in the rankings of Britain’s top taxpayers, having paid more than £330m to HMRC last year. For good measure, he also handed out more than £150m to charities and good causes in 2025, focusing on education and supporting talented math graduates to pursue PhDs [...]
EY grad sacked down under for allegedly accessing PM’s bank account June 30, 2026 A junior employee at Big Four accounting giant EY Australia has been sacked over allegations he and another man accessed prime minister Anthony Albanese’s personal bank account. Both men faced court on Tuesday over the breach which, according to the Australian federal police, took place when the EY graduate was on secondment at the Commonwealth [...]
KPMG chair and senior partners to quit firm over audit scandal fallout June 23, 2026 KPMG Australia’s chair will leave the Big Four firm in the fallout of a scandal over misusing confidential client data to win audit contracts, along with two senior partners. Martin Sheppard, who has held his position as chairman since 2023, will “shortly” resign from his position at KPMG to be replaced with an independent chair, [...]
City law firm denies ties to KPMG Australia scandal June 22, 2026 City-headquartered law firm Ashurst has denied its involvement in investigating allegations at KPMG Australia as the Big Four firms’ scandal fallout continues to heat up down under. Ashurst reportedly carried out an investigation from June to August 2025 over allegations made by a whistleblower against an unnamed former executive, following the Big Four firm conducting [...]
PwC UK chief swipes global role in international shake-up June 19, 2026 The UK boss of PwC has been appointed to head up a larger role in the Big Four firm’s global network as the consultancy looks to centralise decision-making and reshape its international executive structure. Marco Amitrano will take up the new position on 1 July in addition to his current post leading the professional services [...]
More Big Four blues as Deloitte plans to slash UK audit roles June 16, 2026 Big Four giant Deloitte is seeking to cut nearly 200 jobs across its audit business in the UK, the latest in a series of cuts at the accountancy giants. The firm is offering voluntary redundancy packages to a number of employees in response to low levels of staff attrition in its audit practice. A Deloitte [...]
Ditched by clients and Australian government: What is happening down under at KPMG? June 15, 2026 KPMG’s Australian arm has been ditched by the country’s government for audit work until September, following the fallout of allegations that the firm mishandled client information, in the latest nightmare for the Big Four firm down under. The Big Four giant will be unable to bid for any Australian government contracts until September 2026, as [...]
KPMG report on AI found riddled with AI hallucinations June 12, 2026 A new probe into Big Four KPMG’s report on agentic AI found that the majority of its references were flawed, amid the latest news of AI-hallucinated reports published by professional services firms. The investigation, conducted by GPTZero, focused on KPMG’s October 2025 report, ‘Total Experience: Redefining Excellence in the Age of Agentic AI’, which summarises [...]
KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants June 11, 2026 Big Four giant KPMG’s removal of its Friday early finish for employees is affecting branding and souring the mood among staff, who may see this as a signal to reconsider a career at the firm. Time spent working at a Big Four giant was once a prized bauble to list on a CV. But with [...]
Regulator opens probe into PwC over WH Smith audit debacle June 9, 2026 The Financial Reporting Council (FRC) has launched an investigation into PwC over its audit of WH Smith that resulted in delayed annual results last year. Last August, WH Smith shares plummeted by up to 40 per cent after it admitted to an accounting error that overstated expected headline trading profit in its North American business [...]