Big Four

PwC UK has made the decision to delay the promotion of 90 junior consultants, keeping them on the graduate programme for a further six months, citing insufficient work amidst a challenging market environment. The decision specifically affects graduates who joined PwC's consulting practice in late 20

Big Four accounting firm EY incurred over $700 million (around £555m) in additional debt on its global operating business due to the failed Project Everest, according to recently filed accounts at Companies House.

Deloitte is set to cut approximately 100 jobs in response to the sluggish corporate dealmaking environment. The decision stems from a comprehensive review, leading to considerations for restructuring its advisory corporate finance business. The restructuring will concentrate on larger, sector-focuse

KPMG has announced its highest partner pay since 2007, with average pay reaching £786,000 in the year to September. This increase of 4% comes even as pre-tax profits experienced a decline of nearly a fifth, reaching £364 million.

Big Four firm EY has initiated the monitoring of office attendance for its UK employees, using a swipe card entry system and circulating the data at senior levels.

Accountants from EY and PwC are set to face questioning in the upcoming sixth phase of the Williams Inquiry, shedding light on their role in the Post Office scandal linked to the Horizon IT system.

EY has extended the tenure of its UK chair, Hywel Ball, for a second time, allowing him to continue leading the Big Four firm beyond the mandatory retirement age of 60. Mr Ball, 61, who has been at the helm since 2020, received a further one-year extension, taking his leadership role until June 2025

The Financial Reporting Council (FRC) issued a historic number of fines in 2023, totalling £33.2 million, surpassing the previous year's record.

KPMG, the smallest of the Big Four accounting and consulting firms, reported an 8% growth in global sales in the financial year ending September 30, 2023, reaching $36.4 billion (around £29bn).

KPMG has entered discussions to merge its UK and Swiss operations in a move that could significantly impact the firm's growth and profitability.

EY has intensified its redundancy efforts in the UK with the planned the termination of an additional 150 jobs, bringing the total number of redundancies this year to 300.

Big Four accounting firm EY is considering leaving its London headquarters as the shift towards remote working continues to impact office demand.

KPMG UK's partnership ranks have dwindled to less than half the size of its rival PwC's, with a 7% decrease in equity partners over the past year.

The contest to select EY's next global leader has been marred by internal disputes regarding the consideration of age in the appointment process.

PwC has become the the latest of the Big Four firms to plan a reduction to its UK workforce. PwC has refrained from specifying the number of employees targeted by the initiative, confirming only that it would extend voluntary severance packages. However, it is expected that up to 600 positions could