Big Four

EY's partners will vote on the firm's break-up after leaders approved the split at a meeting this week.

Deloitte has reported a record revenue of $59.3 billion (£51bn) in its annual results, for the year ending 31 May 2022, an increase of 19.6%. An estimated $16bn (£13.8bn) was attributed to services sold as part of deals with big tech groups.

An auditor working for PwC has filed a personal injury claim, at the London's High Court, against the big four firm seeking £200,000 in damages.

PwC has said it plans to cut partners' compensation next year after annual results show £5 billion in revenues for the firm.

Deloitte has put forward a plan to increase the income of Scottish Professional Football League's (SPFL) clubs from £28.4 million to £50 million by 2029. The plan to almost double the SPFL's distributable income comes after Deloitte's Sports Business Group was commissioned by the member

PwC has announced that it is removing the 2:1 degree classification requirement for all its undergraduate and graduate roles, internships and placements. The big four firm's decision is designed to increase the socio-economic diversity of the firm and support its efforts to improve social mobility b

Private equity investment in Scotland’s mid-market businesses has surpassed pre-pandemic levels after £2 billion was spent in the first six months of 2022, according to the latest analysis by KPMG UK. 35 private equity deals worth £2.1bn were recorded in the six months to June - th

The Financial Reporting Council (FRC) has fined PwC £2.5 million and handed out a £60,000 fine to audit partner Richard Hughes. The verdict comes after an investigation revealed failings in PwC's 2017 audit of BT Group Plc after the discovery of £512m fraud.

Consumer confidence has fallen for the forth consecutive quarter, reveals Deloitte. The rising cost of living has forced UK consumer confidence to a record low of -19% in Q2 2022, according to Deloitte’s latest Consumer Tracker, as rising inflation and subsequent price increases tighten the sq

KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The £20m fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carrilion and Regenersi

EY CEO, Carmine Di Sibio, has said that the his firm stands to gain $10 billion (£8.37bn) in additional fees by separating it's auditing and consulting divisions. EY is the first of the big four firms to move towards breaking up of its different business services. The leaders of the big f

The Financial Reporting Council (FRC) has today published its annual inspection and supervision results of the largest audit firms (BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars and PwC). Overall, 75% of audits inspected were good or required limited improvement (compared to 71% in 2021 and 67% in

Deloitte has warned of high expectations of a recession occurring within the next year as surveyed industry leaders brace for economic downturn. Amid rising inflation and intensifying economic headwinds, finance leaders assign a 63% probability to experiencing a recession within the next year, accor

Scottish business confidence has fallen to a record low in June, but remains stronger than Europe, according to the latest Accenture / S&P Global UK Business Outlook. Whilst the findings come amid global economic uncertainty, a net balance of +17% more private sector firms forecast their ac

Over the past few months, a number of firms around the world have been sanctioned by regulators regarding cheating in exams. The most recent example involved cheating in external professional exams in addition to cheating on internal assessments. EY was fined a record $100 million by the Security an