U.K.

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.

The Financial Reporting Council is considering either Canary Wharf or Stratford for its new main office.

KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.

The technology company is the subject of an inquiry into a glitch in its Horizon accounting software that led to the wrongful accusations of theft, fraud or false accounting against more than 900 sub-postmasters in the U.K.

The firm delivered a 4% rise to its 833 U.K. partners, similar to last year's levels, but they remain at the bottom of the pay table.

The accounting software, Horizon, had issues such as a loss of data, which meant payments and receipts didn't balance.

Glitches in the Japanese technology titan's Horizon software led to hundreds of local U.K. sub-postmasters being wrongly convicted of theft and false accounting.

Hundreds of sub-postmasters in the U.K. were wrongfully prosecuted for theft and false accounting after computer glitches led to shortfalls in their accounts.

The U.K.'s audit and accountancy regulator has opened an investigation into an accountant following solar farm investments made by a now bankrupt local authority.

Iris supplies software for the U.K. accounting, payroll, human resources and education sectors.

Tea merchants in both the U.S. and the U.K. continue to face tax problems, while stopping short of dumping their tea into Boston Harbor.

Iris supplies software for the accounting, payroll, human resources and education sectors.

Like other firms, KPMG has been battling a fall in demand for its services caused by the tougher economic climate.