UK Company Directors Could Become Personally Liable for Financial Statements February 8, 2021 By Huw Jones LONDON – Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments December 15, 2020 Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions...
More Than 7,500 Financial Services Jobs Move to Europe from London: EY Brexit Tracker October 1, 2020 By Huw Jones More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as...
UK Watchdog Urges Big 4 Accounting Firms to Challenge Clients as Audit Quality Slides July 15, 2020 By Hugo Miller and Michael Kapoor The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level...
UK Accounting Watchdog Asks Big Four to Ring-Fence Audit Practices July 6, 2020 By Aoife White The UK dominant accounting firms must separate their audit units from other businesses by June 2024 as the country’s accounting...
From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems July 2, 2020 By Ellen Milligan and Hugo Miller Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four...
British Court Awards $11 Million to EY Whistleblower Who Exposed Money Laundering April 20, 2020 By Huw Jones and Peter Hobson A British court awarded $11 million in damages and expenses on Friday [April 17] to a former partner at global...
Big 4 Accounting Firms Should Separate Auditing, Consulting Work: UK Lawmakers April 2, 2019 By Thomas Beardsworth and Jonathan Browning The “Big Four” accounting firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses,...
Brexit Begins to Hit UK Financial Services as EU Counterparts See Big Gains: Study July 9, 2018 By Gavin Finch Britain’s financial-services industry is suffering a drop in foreign investment while some of its European counterparts enjoy big gains, according...
First Blockchain for Marine Insurance Now Running May 25, 2018 By Andrew G. Simpson A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according...