UPDATE: Tesco under investigation by the FCA
The UK Financial Conduct Authority (FCA) has initiated an investigation into what is now referred to as the Tesco accounting scandal.
View ArticleUS Treasury tackles tax inversion
The US Department of the Treasury (Treasury Department) and the US Internal Revenue Service (IRS) have announced a series of new rules to prevent US companies to transfer their headquarters abroad in...
View ArticleBDO adds yet another PKF International firm
BDO has added former PKF International Papua New Guinea member firm, Guinn PKF, to its network, effective 1 October.
View ArticleEY UK exceeds global firm growth
EY UK has reported a 8.6% increase in its revenues to £1.9bn ($3.1bn) in the year to 27 June 2014, slightly ahead of the 6% growth recently announced by the firm's global parent.
View ArticleKPMG secures legal licence
KPMG UK has secured an alternative business structure (ABS) licence in a bid to diversify its legal service offering to clients.
View ArticleNews briefs: Firms' developments
PwC UK and Kreston expand in Northern Ireland and Scotland respectively. KPMG aquires cybersecurity provider in the US and in the UK.
View ArticleACCA partners with Greek professional body
The Association of Chartered Certified Accountants (ACCA) has signed a strategic partnership with the Institute of Certified Public Accountants of Greece (SOEL).
View ArticleGrant Thornton UK grows by 9%
Following two years of double digit growth Grant Thornton UK has seen a slight slowdown in its financial results, reporting revenues of £512m in the year to 30 June 2014, up 9% compared to previous year.
View ArticleEY adds law firm in Singapore
EY has added Singaporean legal firm PK Wong & Associates to its global network.
View ArticlePwC’s 6% global growth to $34bn still leaves Deloitte in the lead
Despite PwC's global growth of 6% to $34bn in the year to 30 June 2014, Deloitte will for the first time remain the largest global accounting firm by revenue for the second year running with fee...
View ArticleMHA MacIntyre Hudson becomes Baker Tilly International UK member firm
Morison International member firm and association of regional firms MHA MacIntyre Hudson (MHA) has left the organisation to become Baker Tilly International UK member firm.
View ArticleEqual pay suit against KPMG US intensifies as 9,000 women offered an opt-in
The Southern District Court of New York has approved for a court notice to be sent to 9,000 KPMG US female employees giving them an opportunity to opt-in a collective action challenging pay...
View ArticleAnnual reports lacking connectivity: Deloitte UK
Almost a third, 71%, of surveyed UK listed companies are not showing up-front how they link matters such as company strategy, KPIs, business model, remuneration and financial statements in their...
View ArticleBoard of oil transparency watchdog meets to discuss implementation progress
The international board of the Extractive Industries Transparency Initiative (EITI) is to meet next week to discuss the implementation of its transparency requirements across the 46 countries...
View ArticlePrimeGlobal adds firms in Asia
PrimeGlobal has added two firms in India and Indonesia, in the latest round of additions by the international association in the Asia Pacific and Oceania region.
View ArticleKPMG UK appoints 102 directors
KPMG has promoted 102 new directors, a third of them women, bringing its total number to 871, a 13% increase on last year's figures.
View ArticleKPMG UK sets 2018 diversity targets and commits to 25% of partners to be female
KPMG UK has set diversity targets for 2018 looking to increase the number of female, black, Asian, minority ethnic (BAME), disabled and LGBT professionals.
View ArticleGrant Thornton UK launches local government advisory practice
Grant Thornton UK has launched a local government advisory practice as part of the firm’s wider public sector team.
View ArticleGrant Thornton US revenue at all time high
Grant Thornton US saw its revenue hit an all time high of $1.354bn in the year to 31 July.
View ArticleBDO China and BDO Hong Kong near integration
BDO International and BDO China have invested in a shareholding in BDO Hong Kong, effective 1 January 2015.
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