Between them KPMG, PricewaterhouseCoopers, Deloitte and EY control more than 90 per cent of UK audits for large companies.

The “Big Four” accounting firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a UK Parliament (...)

Britain’s accounting watchdog will be dismantled and replaced by a new stronger regulator that can issue harsher penalties and directly intervene in how companies present their accounts. Photograph: Getty Images

Britain’s accounting watchdog will be dismantled and replaced by a new stronger regulator that can issue harsher penalties and directly intervene in h(...)

Chief executive of building materials group CRH Albert Manifold received €8.659m in total remuneration in 2017 including basic pay of €1.44m. File photograph: Cyril Byrne

Chief executives at top Irish companies received total remuneration packages of more than €2.3 million on average in 2017, a new report drawn up by th(...)

European Union and British reforms introduced in the past two years to increase audit market competition ended up with companies switching between the Big Four rather than hiring smaller rivals. Photograph: iStock

Britain needs a new watchdog to shake up the country’s “Big Four” accounting firms and reduce their dominance of the market for auditing companies’ bo(...)

KPMG’s financial performance will come as a relief following a series of reputational setbacks in the UK and overseas over the past 18 months. Photograph: iStock

Big Four accountancy firm KPMG has reported revenues rising at their fastest rate for a decade in the UK, despite the blow to its reputation from the (...)

The UK Financial Reporting Council said it was looking into the audits by Grant Thornton of the financial statements of Patisserie Holdings for  2015, 2016 and 2017. Photograph: Reuters

The UK’s accountancy watchdog said on Wednesday it had begun an investigation into the audits of cafe chain Patisserie Valerie, which came close to co(...)

Dublin branch of Patisserie Valerie on Henry Street. Photograph: Nick Bradshaw

Uncertainty surrounds the future of the two Irish outlets of UK bakery chain Patisserie Valerie after its finance director Chris Marsh was arrested a (...)

The FRC code seeks to make company boards more diverse. Photograph: iStock

Companies in Britain must strive to rein in excessive executive pay and make boards more diverse under a new “short and sharper” corporate code, publi(...)

PwC said it was “sorry” that its audit work on BHS fell below the expected professional standards. Photograph: Getty

The UK’s accounting regulator has censured PricewaterhouseCoopers (PwC) and fined it £6.5 million (€7.4 million) over the group’s audit of UK retailer(...)

KPMG’s fine was discounted for settlement to £3.15 million. Photograph: Charles Platiau/Reuters

KPMG has been fined £4.5 million (€5.1 million) by the accountancy watchdog in the UK over its audit of insurance firm Quindell. The Financial Repor(...)

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