U.K.

"These findings are damning," Jon Holt, CEO of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad."

CohnReznick acquired Exiger's construction monitorship and public sector forensic investigations division; DJH Mitten Clarke acquired Revell Ward, Lyon Griffiths, and Haines Watts' Altrincham office; and OD Accountants acquired Probusiness.

The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.

Other Big Four firms are also introducing cuts in the U.K. after a period of over-hiring during the pandemic.

The Serious Fraud Office charged the former CFO as well as three others with inflating the cash in the bakery chain's balance sheets.

Britain's accountants, auditors and advisers are clinging to their jobs, nervous that their negotiating power has sharply dropped.

Profits at the U.K. arm of the Big Four firm declined to £1.3 billion in the year to June 2023, from £1.5 billion in 2022

The more KAMs disclosed in an audit report, the higher the distress level of a company, according to a new study

The Cum-Ex strategy ultimately landed ED&F Man in the middle of one of the biggest financial scandals in modern European history.

The professional services firm is freezing pay bands for auditors at the senior associate level.

EY is revamping two of its internal U.K. management teams, weeks after the company ditched plans to break up its audit and consulting operations globally.

Jan Du Plessis took over Britain's Financial Reporting Council last year following a series of scandals that left investors nursing heavy losses.

At the time of the audit failures, Luceco was the parent of a group of companies producing lighting products and wiring accessories.

EY's U.S. business is embarking on a $500 million cost-saving program over the next 12 months.

Football clubs in England's top division have been accused of avoiding tax on an industrial scale, with the Premier League alone accounting for £470 million ($582 million) in lost taxes since 2015.

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.