EY avoids judgment in £2bn case as Alvarez & Marsal reach ‘confidential agreement’ Big Four The mammoth legal fight against the Big Four giant EY over its auditing of a former London-listed health giant that collapsed amid fraud allegations has been withdrawn following a settlement. Private hospital operator NMC Health Plc collapsed in April 2020 after being placed into administration, and was delisted from the London Stock Exchange in the [...]
EY extends global HQ stay on Thames Big Four Big Four giant EY has renewed the lease on its global headquarters until 2040. The firm’s UK and global HQ is at 1 More London Place, whose lease was set to expire in 2028 before the firm greenlit a contract renewal. The ten-storey building on the south bank of the River Thames, with 35,000 sq [...]
Watchdog launches new probe into EY over ‘unauthorised’ audit reports Big Four The accountancy watchdog has commenced a new investigation into the Big Four firm EY and two of its members. In an announcement on Wednesday morning, the Financial Reporting Council (FRC) revealed that it has commenced an investigation into “unauthorised issuance of auditor’s reports to audited entities”. This comes after the Big Four firm informed the [...]
EY UK bounces back with growth in most divisions but consulting lags October 27, 2025 Big Four giant EY UK has seen a bounce back after its fee income grew by 2 per cent over the last financial year to £3.78bn, with the majority of its divisions seeing growth. The firm’s distributable profits before tax grew by over 3 per cent, from £653m in FY24 to £679m, while the giant also reported [...]
EY accused of missing ‘red flag’ in NMC collapse October 14, 2025 Big Four firm EY UK was accused of being “grossly negligent” and failing in its most fundamental audit duties over seven years, allowing a massive fraud to continue and ultimately causing NMC’s financial collapse. The mammoth £2.7bn legal battle between EY and its former clients, a London-listed health giant that collapsed after allegations of fraud, [...]
EY hires Treasury director to bolster financial services team September 30, 2025 Big Four giant EY has recruited HM Treasury’s director of financial services to add to its financial services risk practice. As exclusively shared with City AM, John Owen has joined EY as a UK consulting partner after over two decades in government. Owen started off in the Ministry of Justice in 2005, before moving to [...]
Revolut drafts in EY amid banking licence push August 7, 2025 Revolut has tapped accountancy giant EY to replace BDO as its auditor as the firm pushes to secure its UK banking licence. The UK fintech juggernaut said EY will act as the firm’s auditor for the financial year ending December 2026 after a formal bidding process. This comes as Revolut expects to launch as a [...]
Shell forced to file amended US filings after EY broke audit rules July 2, 2025 Shell is to file amended regulatory filings after Big Four firm EY told the energy giant it broke audit rules
Big Four: US fines Deloitte, PwC and EY over exam cheating June 26, 2025 The US accountancy regulator has fined the Dutch arms of Deloitte, PwC, and EY $8.5m over 'widespread exam misconduct'.
Big Four slash graduate jobs as AI takes on entry level work June 23, 2025 The UK’s Big Four accountancy firms are cutting hundreds of jobs and pulling back sharply on graduate recruitment, as artificial intelligence (AI) begins replacing the junior roles once filled by school and university graduates. Deloitte, EY, KMPG and PwC – which cumulatively employ around 100,000 people across the UK – have all stripped back early-career [...]