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...
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,...
Ukraine’s Largest Bank, PrivatBank, Files $3B Lawsuit Against PwC Subsidiaries April 2, 2018 Ukraine’s largest bank, PrivatBank, said on Monday [April 1] it had filed a $3 billion lawsuit against the Ukrainian and...
Cyber Attacks Pose Greatest Threat to UK Businesses, Investors: PwC Survey February 26, 2018 By Mark Burton Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material...
Insurance Industry Making ‘Significant Contributions’ in Climate Change Battle, Report Shows January 25, 2018 By Don Jergler The insurance industry is making significant contributions to building socio-economic resilience to climate change and supporting the transition to a...
Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert July 7, 2017 By Oliver Suess Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global...
Insurers Increasingly Embrace Robots over Humans for Customer Service April 19, 2017 By Oliver Suess Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to...
International, Large-Scale Cyber Attack Uncovered by Cyber Security Watchdogs April 5, 2017 A large-scale cyber attack from a group targeting organizations in Japan, the United States, Sweden and many other European countries...