Hedge fund Black Diamond claims at least $70mn in damages against audit firm
Pentagon consolidates work in push to modernise its accounts following years of failed inspections
Former executive told investigator examining company’s failure that firm had ‘most unsophisticated’ process
Private equity-backed accounting group vies with UK business to create international network
Move is a departure from the practice of simply asking underperforming senior partners to retire
Cull comes after years of low uptake for voluntary retirement scheme
Big Four firm also faces six-month ban on new clients related to its work on failed property developer’s books
Shake-up spurred on by rise of AI and threat of major upheaval across the industry
Move comes amid downturn for professional services after hiring spree during pandemic
The technology is already leading to rapid changes in the way company accounts are reviewed
Decision is boost for Big Four firm seeking to repair reputation after series of scandals
Jim Logothetis says parts of quality control standard implemented by Biden administration ‘may be unnecessary’
Financial Reporting Council issues guidance stressing need for human oversight
Big Four firm and rivals are struggling to regain footing even after reductions in headcount and costs
The world’s largest stablecoin issuer also brings on PwC to ready internal systems
Filings show Big Four firm has added to pot of cash as it battles multiple probes linked to quality of its audit work
FRC says new approach is a response to a ‘changed world’ after improvements in quality
PCAOB board hires chief of staff from same Big Four firm where chair was an auditor
The pool of senior staff in leading firms is being drained by failures to attract — and retain — top graduate talent
Creditors owed more than £2bn have made allegations of fraud at insolvent business
Filings show CEO has made good on promise to slim down central bureaucracy of Big Four accounting firm
Big Four firm moves to protect itself with legal threats against senior figures at Unity Advisory as relationship sours
Accounting limitations mean tens of billions in liabilities may be concealed for leasing costs
Trio of cases provides rulings on how responsible accountants are for spotting fraud and errors
Big Four firm set to be replaced by PwC on lucrative contract after compliance error
