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Top executives at companies hit by accounting scandals could lose their bonuses under U.K. proposals for beefed-up regulation after a wave of corporate collapses including Carillion Plc and travel firm Thomas Cook Group Plc.
By Hugo Miller, Michael Kapoor and Ellen MilliganMarch 18 -
The U.K.’s accounting regulator introduced fresh recommendations to put further distance between the Big Four accounting firms and their consulting arms ahead of their impending split.
By Hugo MillerFebruary 23 -
KfW, Germany’s third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country’s Wirecard accounting scandal.
By Hugo Miller and Birgit JennenSeptember 22 -
The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level of audit quality, the industry’s U.K. watchdog said.
By Hugo Miller and Michael KapoorJuly 14 -
The U.K.’s dominant accounting firms must separate their audit units from other operations by June 2024 as the country’s industry watchdog reacts to shortcomings that led to the collapse of several companies.
By Aoife White and Hugo MillerJuly 6 -
KPMG and one of its senior partners have been reprimanded and fined 455,000 pounds ($560,000) for failings in its audit of a U.K. company, the latest sanction against the Big Four auditor in recent years.
By Hugo MillerApril 2