U.K.

The U.K.'s accounting watchdog is investigating Deloitte LLP's work on Glencore Plc and a U.K. unit, amid corruption scandals involving the commodity giant.

The Financial Reporting Council is probing several audits carried out by Deloitte and U.K. accounting firm Azets Holdings between 2017 and 2023.

The Chartered Institute of Management Accountants named John Graham as its next president, succeeding Simon Bittlestone, effective today.

The Financial Reporting Council found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud."

EY continued to audit NMC Health Plc despite suspicions that management withheld key documents that revealed its true debt position.

The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.

Mike Lynch, who is missing after his yacht sank off Sicily, had only recently fended off a U.S. criminal fraud case over the sale of his company to Hewlett Packard.

An influx of investors is accelerating growth in the professional services sector.

More than half of phone calls to HMRC are now going unanswered.

Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.