UK’s Business Lobby Group Sets Out Proposals for Change After Misconduct Scandals June 1, 2023 By Pan Pylas Britain’s leading business lobby group set out a series of proposals Wednesday that it hopes can secure its future following...
CBI President Says Business Group May Not Survive Sexual Assault Scandal April 25, 2023 By Sabah Meddings The Confederation of British Industry may not survive a scandal triggered by rape claims among staff, its president said, as...
Update: Major UK Companies Abandon CBI Following Second Rape Claim April 21, 2023 By Katie Linsell, Sabah Meddings, Thomas Seal and Laura Benitez A swathe of major UK companies, ranging from banks to supermarkets, have resigned from the Confederation of British Industry as...
China Urges State-Owned Firms to Drop Big 4 Auditors Over Data Security Concerns February 23, 2023 By Bloomberg News Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about...
Americanas’ $4B Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record February 8, 2023 By Vinícius Andrade, Barbara Nascimento and Amanda Iacone A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch...
PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event August 23, 2022 By Gaspard Sebag An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that...
Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey June 27, 2022 By Juliette Portala Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not...
‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures June 1, 2022 By Huw Jones Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS...
UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors June 28, 2021 By Huw Jones LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands...
PwC to Create 100,000 New Jobs to Help Clients Grappling with ESG Reporting June 16, 2021 By Jessica DiNapoli Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed...