U.K.

The Big Four firm was hit with a $6.6 million fine by the U.K.'s audit watchdog over serious failures for its work on Babcock International Group's books in 2017 and 2018.

Indian tax authorities, who searched the BBC's offices this week, said they were probing a "prominent international media company" whose income did not match its operations.

An Indian tax probe at the offices of the BBC continued a second day, weeks after the broadcaster aired a documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi's alleged role.

The British broadcaster aired a documentary about the prime minister's alleged role in violence in his home state, and shortly afterward tax officials arrived for a 'survey.'

Twitter Inc.'s U.K. unit failed to report its 2021 corporate finances by a December deadline, the government's public registry said.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.

Accounting firm KPMG is expanding its Manchester presence with extra tech workers and a revamped office space with meetings at its core.

The prime minister quit after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout.

The PM scrapped her plan in another dramatic U-turn, hours after she fired Kwasi Kwarteng as U.K. chancellor of the exchequer.

Pressure is coming from the financial markets and members of the ruling Conservative Party to restore economic credibility.