KPMG UK and partner fined over £1m after probe into Carr’s audit June 12, 2025 KPMG was hit with sanctions over an audit of a London-listed farm supplies company following the regulator's finding of "serious" breaches
David Lammy: ‘Technology is the frontline of geopolitics’ as Foreign Office teams up with Big Four giants June 5, 2025 “It is essential" that firms such as the Big Four and UK government "work together", Foreign Secretary tells City AM as his focus shifts to AI.
UK trade deals to lift growth, KPMG says June 4, 2025 UK growth could be higher than expected due to trade deals agreed with the US and the European Union, a City consultancy has said. Most forecasters downgraded the UK’s economic outlook for the year in the wake of President Trump’s ‘Liberation Day’, with the IMF and other major forecasters warning the UK was set to [...]
Big Four giants eye AI assurance tools to tap in on client concerns June 3, 2025 The majority of the Big Four giants are developing a new audit system for AI tools as they hope to tap into a new revenue stream
McKinsey slashes 10 per cent of jobs in major overhaul May 28, 2025 Consulting giant McKinsey has unleashed one of the largest job culls in the company’s history after ten per cent of staff faced the chop. The New York-headquartered firm has reversed major expansion plans, which peaked during the pandemic, as it aims to drive profitability. The consulting firm has reduced its workforce to 40,000 over the [...]
EY labels former head of EY Abu Dhabi a ‘fraudster’ in £2.7bn legal battle May 21, 2025 EY UK's barrister described the former head of EY Abu Dhabi as "plainly a fraudster" in the openings at the £2.7bn legal battle
Deloitte UK financial performance to impact staff bonuses May 21, 2025 UK staff bonuses at Deloitte UK will take the firm's 2025 performance in each of its arms into account after it was reported the firm is already running behind
EY audit of NMC ‘was deficient in multiple respects’ says regulator May 19, 2025 The High Court will hear a draft report by the FRC concluding that EY's audit of collapsed NMC "was deficient in multiple respects"
EY’s £2.7bn legal fight over NMC Health audits May 19, 2025 A mammoth legal fight against EY over its auditing of a former London-listed health giant that collapsed after allegations of fraud starts today
PwC US set to cut 1,500 roles May 6, 2025 Big Four firm PwC is set to cut around two per cent of its roles across the Atlantic after a lengthy business review at the consultancy giant