Accountancy profession ‘complicit in Thomas Cook failure’

Rachel Reeves, chair of business committee, says legal reform neededThe chair of an influential parliamentary committee has launched a blistering attack on the accounting industry, accusing it of being complicit in the failure of Thomas Cook, Carillion…

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Thomas Cook: MPs to question PwC on possible conflict of interest

Questions raised over firm’s dual role as executive pay adviser and auditorBosses at PricewaterhouseCoopers will be grilled by MPs on Tuesday over a possible conflict of interest after it emerged that the accountancy firm advised Thomas Cook executives…

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Thomas Cook: MPs to question PwC on possible conflict of interest

Questions raised over firm’s dual role as executive pay adviser and auditorBosses at PricewaterhouseCoopers will be grilled by MPs on Tuesday over a possible conflict of interest after it emerged that the accountancy firm advised Thomas Cook executives…

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Only big fines will change how the auditors audit

Splitting a firm’s audit and consulting functions has merit but only large penalties will affect proper change•Watchdog finds work of Patisserie Valerie auditor unacceptableThis time last year the Financial Reporting Council tried to read the riot act …

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The big four auditors are failing – and the watchdog’s report won’t change that | Prem Sikka

The near-collapse of BHS, Carillion and the bailed-out banks wasn’t spotted. The CMA’s remedy shows it is not fit for purposeWhat do BHS, Carillion, Conviviality, Quindell, Aero Inventory, the Co-op Bank, and London and Capital Finance have in common? …

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Watchdog calls for UK’s big four accountancy firms to be split up

Competition regulator says huge outfits should also have to work with smaller rivalsThe “big four” accountancy firms could be partially split up and forced to work with smaller rivals, under proposals made by the competition watchdog following a number…

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UK bankers on standby as City readies no-deal contingency plans

JP Morgan and Goldman Sachs poised to move staff to EU offices by 29 MarchHundreds of UK bankers at JP Morgan and dozens from Goldman Sachs are on standby for relocation to EU offices by 29 March, regardless of Parliament’s vote to delay Brexit.The exo…

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