The Big Four accountants could find themselves being stripped of their most lucrative audit deals every 10 years, according to tough new rules proposed by the European Union.
Like this page on Facebook for updates
HS2 'could generate £15bn for economy': Report starts Government fight-back on case for high-speed rail link
Wednesday 11 September 2013
KPMG report concludes the £42bn line would have a significant impact on growth across the Midlands, North-west and North-east of England
Tuesday 03 September 2013
The tills of retailers continued to ring loudly last month, as they benefited from favourable weather and growing consumer confidence on the high street.
Sunday 01 September 2013
Around 80 per cent of chartered accountants who hold FTSE 100 finance director roles are alumni of the "Big Four" which dominate the bean-counting industry, according to research passed to The Independent on Sunday.
Monday 26 August 2013
The finance bosses of the country’s biggest firms have claimed that they “don’t understand” the Competition Commission’s hard-hitting proposals to reform the audit market, which is dominated by just four accountants.
Saturday 24 August 2013
Standard Chartered looks set to dump KPMG as its auditor after four decades of checking the bank’s books, as the seemingly cosy relationship between big business and their accountants is smashed in the wake of the financial crisis.
Class of 2013 values cash above all: Survey reveals GCSE students want good salary over career helping others
Wednesday 21 August 2013
The Class of 2013 value money above anything else when it comes to what their priorities are on leaving school, according to research to be published later today.
Monday 19 August 2013
A senior leader at Britain’s new national police agency has unexpectedly decided not to take up his job as head of economic crime-fighting but categorically denied that his decision was linked to scrutiny of his own tax affairs.
Tuesday 13 August 2013
Government should pay for long-term healthcare, say 87 per cent of people in poll
Friday 02 August 2013
Outlook In February 2010, the defence giant BAE Systems paid fines totalling £288m to the US Department of Justice and Britain's Serious Fraud Office in one of the murkiest and most embarrassing episodes in its history. The penalty to settle long-running investigations into alleged corporate bribery dragged BAE's name through the mud as the DoJ – never one for mincing its words – accused it of making "hundreds of millions of dollars in payments to third parties, while knowing of a high probability that money would be passed on to foreign government decision-makers to favour BAE in the award of defence contracts". The SFO fined it £30m for failing to accurately record "commission payments" to a "marketing adviser" in Tanzania.
Sunday 28 July 2013
D-Day for the Big Four: Competition Commission to smash the 'dominance' of KPMG, PricewaterhouseCoopers, Ernst & Young and Deloitte
Sunday 14 July 2013
The Competition Commission will look to smash the perceived dominance of the Big Four accountants this week when it publishes a hard-hitting list of reforms of the market.
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Tom Daley ‘is gay because his father died’ says UK evangelist
You can STILL be jailed for being a republican, government confirms, and it remains illegal to even 'imagine' overthrowing the Queen
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Iain Duncan Smith leaves Commons food banks debate early
Fighting back: the woman giving a voice (and 49,999 others) to the victims of sexism - by giving an airing to their horror stories
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Iain Duncan Smith leaves Commons food banks debate early
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile