U.K.

The firm, which now has more than 500 partners, said its deals practice shrank 4% and its audit unit was down 3.7%, while its tax business grew 3.4%.

An accounting error forced the British retailer to cut its profit outlook in North America for a second time, prompting Carl Cowling's departure.

U.S. investigators are demanding a former executive's communications with the U.K. auditor and others involved in financial reporting before the startup's bankruptcy.

The Big Four firm kicked off a review of some of its internal services teams in Britain in recent weeks.

Reducing K-1 penalties; another use for property taxes; 183 isn't always added up the same; and other highlights from our favorite tax bloggers.

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

The scale of the retailer's overstatement is "quite shocking" and will likely impact management credibility, said one analyst.

Ember's accounting advisory services will be discontinued following the takeover, with around 30 employees being offered other roles at Starling.

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.

A former employee of U.K. tech mogul Mike Lynch's Autonomy Corp. told jurors at his U.S. criminal trial that she and one of her higher-ups were both fired after flagging concerns about accounting irregularities.

It would cap a remarkable downfall for Mike Lynch if he's convicted of accounting fraud after he sold his startup Autonomy to Hewlett Packard for $11 billion.