Michael Kapoor

Accountants have become key members of U.K. soccer clubs to find ways around spending rules and salary caps.

The head of PwC's Australian arm resigned as the fallout over the firm's leaking of confidential government tax plans intensifies.

The Big Four firm will pay more than $17.1 million over misconduct on major work it carried out for collapsed Carillion Plc and data services company Regenersis.

A string of high-profile scandals have pushed the work of the world’s biggest auditors back into the spotlight.

The U.K.’s industry regulator said it was “unacceptable” that for the third year running the accounting firm’s work wasn’t up to scratch.

Initial enthusiasm for change inspired by the country’s biggest postwar accounting scandal is waning in the face of political opposition.

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.

KPMG’s U.K. chairman has resigned days after sparking widespread anger for telling employees to stop moaning about the pandemic.

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.