Big Four accountancy firm PwC has seen its revenues hit a record high of $43 billion despite the economic impact of the coronavirus pandemic. The firm's income increased by 3% in the year to the end of June.
Pwc
Big Four accountancy firm PwC has delayed the publication of its full-year results until next year so that it can delay a decision about the size of its staff bonuses and partner profit distributions. PwC UK usually posts its financial statements for the year to the end of June, alongside its p
Staff at Big Four accountancy firm PwC and asset manager company Schroders are to work from home permanently signalling a change to flexible working in the wake of the coronavirus pandemic. Kevin Ellis, PwC’s chairman, has said thousands of the firm’s 22,000 UK staff will never retu
Watchstone Group is suing Big Four accountancy firm PwC for at least £63 million over allegations that a senior employee at the firm disclosed confidential information about a client to an investment banker working on a deal. Watchstone Group revealed on Friday that it had served a claim in th
Not one of Scotland’s 48 listed companies features a black executive on its senior management team, according to new research conducted by The Ferret.
The Financial Reporting Council (FRC) has ordered the UK's Big Four accountancy firms to separate their audit practices by June 2024. The FRC has outlined a set of principles for the operational separation of audit functions within PwC, Deloitte, KPMG and EY. The watchdog has ruled that the four&nbs
PwC has appointed Matthew Hall as office senior partner at its Edinburgh office whilst Robin McBurnie has been appointed to the same role in Glasgow. In addition, Edinburgh-based Jason Higgs and Paul Cheshire both became partners at the firm on July 1. Mr Higgs leads PwC Scotland’s Busin
One-third of Scots have less money in their current accounts since the COVID-19 lockdown came into effect, according to new research by PwC.
PwC is set to reopen offices across England with reduced occupancy from June 8. The firm's UK chairman Kevin Ellis said that the firm is planning a phased return to the office with this first step paving the way for more people returning to work in its offices.
The Financial Reporting Council (FRC) has launched an investigation into KPMG and PwC over the audits of Eddie Stobart Logistics plc.
UK GDP growth is expected to range from around -5% to -10% for 2020, according to new analysis from PwC. This estimate reflects the growing body of evidence that the short term decline in activity due to the lockdown will be greater than originally anticipated.
BDO is the latest major accountancy firm to announce cuts to partners remuneration and the furlough of staff with the firm decreasing partner pay by a fifth amid the coronavirus pandemic. BDO, which is the fifth-largest accounting group in Britain by revenues, told its 5,500 employees yesterday
Financial services optimism fell in the three months to March and firms expect a sharp decline in business ahead, according to the latest CBI/PwC Financial Services Survey.
Partners at the UK's biggest accountancy firms will have their payouts slashed by hundreds of thousands of pounds this year as the sector prepares to face a huge crash in revenues amid stemming from the coronavirus outbreak. Yesterday, partners at BDO agreed to cut partner pay by up to 25% in a bid
Fashion retailer Laura Ashley has filed for administration, with PwC appointed as administrators. The move comes after rescue talks for the firm were scrapped by the outbreak of Coronavirus.