PwC News

PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event

An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that “encouraged excessive consumption of alcohol.” Michael Brockie alleges in London suit that PwC failed to ensure his safety by allowing …

Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey

Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday. Flows into ESG funds …

‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures

Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS in recent years hit thousands of jobs and raised questions about accounting quality. The business ministry detailed changes to auditing …

UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors

LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies. Wyelands Bank is owned by steel tycoon Sanjeev Gupta’s metals-to-finance empire GFG …

PwC to Create 100,000 New Jobs to Help Clients Grappling with ESG Reporting

Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed at helping its clients grapple with climate and diversity reporting and also in artificial intelligence, as part of its new …

Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff

An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near collapse more than three years ago. The Dutch Authority for the Financial Markets …

Grant Thornton Staff in UK Want to Stay Home After Pandemic, in New Blow to the Office

In a fresh blow to the office, staff at one of the UK’s largest accountancy firms have given strong support to working mostly from home after the pandemic subsides. A survey of Grant Thornton UK LLP employees found that 88% …

PwC Announces Hybrid Post-COVID Working Model for UK Staff

PricewaterhouseCoopers will give UK staff Friday afternoons off this summer and allow them to choose the amount of time they spend working from home as part of a post-pandemic shakeup of working patterns. The accountancy firm announced its hybrid working …

Britain Targets Big 4 Auditors, Company Directors With Reform Proposals

Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors would have to repay their bonuses if the company went …

UK Company Directors Could Become Personally Liable for Financial Statements

LONDON – Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s finance ministry next week to improve corporate behavior, sources familiar with the plans said on Friday. Directors would have to …