Michael O’Dwyer | Financial Times

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Monday, 20 March, 2023

EY
EY told to give NMC Health administrators notice of break-up votes
Firm’s UK arm had argued that request to show it can meet potential $2.7bn penalty was ‘unnecessary’
Wednesday, 15 March, 2023

PwC
PwC experiments with chatbots to speed up its lawyers
Technology from start-up Harvey aims to make contract analysis and due diligence quicker
Tuesday, 14 March, 2023

Britishvolt
Britishvolt owed up to £160mn to creditors when it collapsed
Battery start-up had just £1.8mn and no IP when it went into administration in January
Monday, 13 March, 2023

EY
EY US boss signalled wide-ranging concerns over split
Julie Boland tells partners there are questions about how to protect the audit business and profit targets for consulting
Friday, 10 March, 2023

News in-depthAccounting & Consulting services
‘Frustration and chaos’: EY fights to save Project Everest after US rebellion
Complex plan to split the audit-to-consulting firm now depends on global HQ brokering a deal
Thursday, 9 March, 2023

Accounting & Consulting services
Deloitte boss rebuts EY’s case for splitting up
Joe Ucuzoglu publishes point by point defence of Big Four’s multidisciplinary model
Thursday, 9 March, 2023

EY
EY in disarray as internal war over break-up plan bursts into open
US boss caught senior leaders off guard by announcing in a partner call that ‘Project Everest’ needed to be reworked
Wednesday, 8 March, 2023

EY
EY split paused amid partner infighting over fate of tax experts
US boss says plan to spin off the consulting business needs to be reworked
Wednesday, 8 March, 2023

PwC
PwC fined by UK watchdog for failings in Babcock audits
£5.6mn penalty is Big Four firm’s fourth in past year
Monday, 6 March, 2023

The Big Read
To split or not to split: EY confronts the question
Plan to break up the Big Four firm would reshape the profession and enrich senior partners, but the landscape has changed since it was first announced
Wednesday, 1 March, 2023

Revolut Ltd
Revolut’s auditor warns 2021 revenues ‘may be materially misstated’
Crypto boom helped fintech to first annual profit
Friday, 24 February, 2023

News in-depthAccounting & Consulting services
Consultants start to cut jobs as boom time ends
McKinsey and KPMG first to move as clients reduce costs and battle inflation
Tuesday, 21 February, 2023

McKinsey
McKinsey to cut up to 2,000 jobs in back-office restructuring
Management consultancy has added 17,000 staff over the past five years
Saturday, 18 February, 2023

Revolut Ltd
Revolut expected to sign off overdue accounts next week
Breakthrough after months of delays as auditors pressed fintech over internal controls
Friday, 17 February, 2023

KPMG UK
KPMG settles with Carillion liquidators over £1.3bn audit negligence claim
Firm had been accused of missing ‘red flags’ on UK outsourcer before it collapsed in 2018
Friday, 17 February, 2023

Special ReportUK’s Leading Management Consultants
Warning signs ahead as UK consultancy growth slows
Tough economic times are both causing drag and creating opportunities in a highly variable sector
Thursday, 16 February, 2023

PwC
PwC probed over its auditing of collapsed property group Intu
Fifth live investigation launched into firm’s audits of UK companies
Wednesday, 15 February, 2023

Accountancy
UK audit regulator risks cementing the Big Four’s oligopoly
Stricter oversight raises standards but competitors argue it also creates barriers to entry
Monday, 13 February, 2023

EY
EY quits as auditor of MJ Hudson following ‘loss of trust’
Resignation comes two months after trading was halted in investment consultancy’s shares
Thursday, 9 February, 2023

HS2
Jon Thompson to become new chair of HS2
UK audit watchdog chief takes over as government attempts to rein in rail link’s costs
Friday, 3 February, 2023

Britishvolt
Australian battery group selected as preferred bidder for Britishvolt
Recharge Industries beats three rival offers in race to buy UK start-up out of bankruptcy
Friday, 3 February, 2023

EY
EY under fire over its two roles at battery start-up Britishvolt
Big Four consultant took over administration of failed company after being paid £500,000 a month as adviser
Tuesday, 31 January, 2023

KPMG UK
KPMG partner pay climbs as hot deals market overshadows fines
Average pay hits £717,000 as Big Four firm benefits from rising demand for consulting services
Tuesday, 31 January, 2023

Management consulting
UK government scraps in-house consultancy as departments prefer Big Four
Cummings-backed unit had been attempt to reduce spending on private sector advisers
Thursday, 26 January, 2023

PwC
PwC accused of leak during Quindell deal talks
High Court hears of ‘shocking breach’ of professional duties by Big Four firm