April 2, 2019
The “Big Four” accounting firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a U.K. Parliament committee said Tuesday. PricewaterhouseCoopers, Deloitte, EY and KPMG — which between them control more than 90 percent …
June 19, 2018
The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses. Over two days last week, the Financial Review Council …
June 19, 2018
KPMG’s audit work in the U.K. is of an unacceptable standard, Britain’s accounting regulator said, fueling calls to reform the industry, including dismantling the “Big Four” players. In an unprecedented assessment, the Financial Reporting Council said auditors at KPMG don’t …
November 22, 2017
Misdeeds by the world’s “Big Four” accounting firms should be punished with much bigger fines, Britain’s accounting watchdog was advised in a report released on Tuesday. “Fines greater than those that have heretofore been imposed may be appropriate in really …
October 13, 2015
CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has announced CyberCPA to further protect CPA firms from losses caused by a variety of cyber risk exposures. CyberCPA provides first-party coverage for expenses incurred by …
October 6, 2015
QBE North America and Jorgensen & Co., a specialist professional liability managing general underwriter, have formed an underwriting agreement to provide accountants and consultants professional liability insurance (APL). According to Don Allard, senior vice president, Specialty Programs at QBE, this …
December 7, 2012
CAMICO, a CPA-focused program of specialty liability insurance for the accounting profession, has launched a Subpoena Services Resource Center to enhance its subpoena services for CAMICO policyholder CPA firms. The Subpoena Services Resource Center will provide information, resources and template …
June 24, 2011
The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world’s biggest audit firms, putting the so-called Big Four on alert from worries that their reputation could be brought down along …