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 [...]
Labour exploring plans for ‘Britcard’ digital ID to curb illegal migration June 6, 2025 Labour is exploring a new national, universal digital ID card for every adult in the UK to tackle illegal migration. The ID is being tentatively branded as ‘Britcard’, and could be downloaded onto a smartphone in the shape of a “free verifier app”. Plans for the digital ID were laid out in detail by the [...]
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
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
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
EY: Profit warnings surge points to ‘economic shock’ May 6, 2025 Nearly one in five listed companies have told investors that they expected profits to decline in the past twelve months, new research has suggested, reflecting firms’ vulnerabilities to higher taxes and damaging tariffs. Chancellor Reeves flattered investors in the run-up to last year’s election, calling Labour the “natural party of business”. But a new report [...]