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Mazars audit and assurance partner Tommy Doherty: ‘The corporate failures of Thomas Cook, Carillion and BHS in the UK and Wirecard in Germany have ignited a reaction.’  Photograph:  Paul Sharp/SHARPPIX

Far reaching change is afoot in the audit world. The EU is conducting an evaluation of the audit legal framework. The UK government has entered into a(...)

Industry figures say builders are facing sharp raw material price hikes amid shortages of timber, steel, insulation and other supplies. File photograph: Getty

Engineers Ireland officials warned the Oireachtas finance committee on Wednesday that delivery of homes and other construction projects could be hit b(...)

KPMG in the UK has been sued for more than £6 million (€6.9 million) by property company Mount Anvil, which claims it was left with an unexpected tax bill after the Big Four firm gave it negligent advice.

KPMG in the UK has been sued for more than £6 million (€6.9 million) by property company Mount Anvil, which claims it was left with an unexpected tax (...)

A review may help reassure outsiders the board is taking its responsibilities for self-improvement seriously, but it cannot guarantee the directors and their company won’t fail in future.   Photograph: René Mansi/ISPC

Heed this cautionary tale of two boards. Both carried out reviews of their directors’ efficiency and effectiveness, in line with good governance advic(...)

Grant Thornton’s audits of Patisserie Valerie over the three years before the collapse are also under investigation by regulators at the Financial Reporting Council (FRC). Photograph: iStock

The liquidators of Patisserie Valerie are suing Grant Thornton in Britain for £200 million (€221 million) over alleged negligence in its audits of the(...)

UK regulators have set deadline for the first structural overhaul of the way Big Four auditing firms operate since a string of reviews prompted by the failure of outsourcer Carillion. Photograph: Daniel Sorabji/AFP/Getty Images

The UK’s Big Four accounting firms have until 2024 to separate their audit practices following a severe edict from the accounting regulator that marks(...)

Photograph: iStock

The UK accounting industry has been plunged into its worst crisis in over a decade as the “Big Four” firms slash partners’ pay by up to a quarter and (...)

The judge was satisfied criticism of Mr McAteer as to the duration of the examinership was without foundation

An Irish building group wound up as a result of the collapse of the UK construction giant Carillion plc is at the centre of a High Court dispute over (...)

KPMG UK’s culture had become marred by internal politics and bureaucracy.

When Bill Michael was elected chairman of KPMG UK in 2017 on a promise of restoring stability to both its finances and brand, he knew it would be a gr(...)

The world’s biggest pension fund recently surprised markets by suspending lending on its huge portfolio of foreign stocks. Photograph: Toru Hanai/Reuters

It appears the head of Japan’s $1.6 trillion (€1.4 trillion) Government Pension Investment Fund (GPIF) isn’t too keen on short sellers. The world’s bi(...)

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