By: Rosie Harris-Davison

News Reporter Rosie Harris-Davison is a News Reporter in the Professional Services team, covering the Big Four, law, advisory, and beyond. She previously wrote about tech policy, regulation, and litigation for specialist legal publication Lexology. Email Rosie at rosie.harris-davison@cityam.com.

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Deloitte hit with £11m fine after missing £30m taxpayer fraud at UK transport giant

October 8, 2026

Big Four giant Deloitte has been fined £11m for failing to raise concerns about fraud in its statutory audits of the transport business, the Go-Ahead Group (GAG), which operates multiple train services across the UK. The Financial Reporting Council (FRC) said on Thursday the fine, which was discounted to £6.05m for early admission and co-operation, [...]
PwC expects junior hiring to ‘push back up’ across professional services despite AI fears

October 7, 2026

The chief executive of PwC UK said he expects the hiring of young people across the professional services sector to “push back up”, challenging the notion that AI is replacing junior work and slowing entry-level recruitment. Marco Amitrano, the Big Four giant’s UK chief executive and senior partner of PwC UK and the firm’s Middle [...]
Former City traders’ fraud convictions overturned

October 7, 2026

A group of five former City traders previously convicted of rigging the Libor and Euribor interest rates have had their fraud convictions overturned by the Court of Appeal. The five investment bankers, who previously worked at Barclays, had their convictions quashed having served jailtime for conspiring to rig the now-defunct interest rates in the run-up [...]
Gen Z accountants think AI fluency gives them the edge over managers

October 7, 2026

Young accountants are arriving in the sector confident in their AI skills, but a lack of soft skills is emerging as a new workplace divide. According to new findings from financial tech platform Intuit QuickBooks, based on responses from more than 1000 early-career accountants and finance professionals, almost all (90 per cent) said they will [...]
KPMG Australia seeks $100m bailout from parent group after scandal

October 6, 2026

KPMG Australia is reportedly considering asking for $100m (£52.6m) in emergency loans from the Big Four firm’s global network after a scandal rocked the firm’s reputation and business down under. The Australian firm’s newly appointed chief executive, John Sams, has considered asking KPMG International to loan the arm up to $100m or waive its fee [...]
Post Office former senior lawyer slammed over remote Tribunal request

October 6, 2026

The Post Office’s former general counsel is “putting her own convenience” first by filing an application to appear remotely from Australia for a Tribunal hearing over alleged misconduct during the Horizon IT Scandal, the legal regulator counsel said. Jane MacLeod, the former Post Office general counsel from 2015 to 2019 and Nicholas Gould, a partner [...]
Scrapping jury trials for fraud and financial cases brings ‘serious concerns’

October 5, 2026

Government plans to push ahead with jury-free trials for certain fraud and financial proceedings raise “serious concerns”, according to the Institute for Government (IFG) and lawyers across the City. The proposal, introduced by former justice secretary David Lammy officially last December, following a recommendation in a review of the court system in England and Wales [...]
Accenture shares surge as consulting giant shrugs off worst of AI fears

October 1, 2026

Shares in consulting giant Accenture surged on Thursday after the firm topped its own revenue targets and shrugged off the worst fears of an AI-induced slowdown. The New-York listed consultant said fourth-quarter revenues rose by six per cent to $18.7bn [£14.1bn], outpacing its own target of between $17.7bn [£13.4bn] to $18.4bn [£13.9bn]. Wall Street analysts had [...]
Businesses braced for wave of tribunal claims as government expands legal time limit

September 30, 2026

Employers are set to face a fresh legal headache as the time limit for employees to bring claims to employment tribunals doubles, as the next phase of the reformed Employment Rights Act takes effect. From 1 October, employees will be given the legal right to take six months to bring cases to court against employers [...]
Winkworth launches board review as family feud rocks London estate agent

September 30, 2026

London estate agent Winkworth has launched an independent review of its board as it battles to contain the fallout of a boardroom family feud involving the firm’s its chief executive and his father, the chair. The AIM-listed firm, which is one of the UK’s oldest estate agents and specialises in properties in the City in [...]

Fifa’s disciplinary rules have changed: What clubs, players and agents need to know now

Fifa’s disciplinary rules have changed: What clubs, players and agents need to know now

Ian McKellen flirts with Ncuti Gatwa in delightful Frank and Percy film – review

By: Rosie Harris-Davison

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