Accounting firm networks

Auditors such as KPMG LLP and PricewaterhouseCoopers LLP must do better when it comes to compiling a key part of companies’ annual reports, their U.K. regulator warned.

The global chairman and CEO is planning to step down after six years running EY’s global network.

The megamerger would create a powerful rival to the Big Four in the British audit market.

The auditing firm new CEO is expected to replace Nhlamulo Dlomu, who will be taking up a global role May 1.

One of the Big Four accounting firms has taken a welcome step to improving the credibility of the financial statements published by London-listed companies.

Sacha Romanovitch will not stand for re-election for a second term and will step down after a successor is appointed before the end of this year.

A competition watchdog started investigating the industry a day after another regulator said it was considering banning firms from doing consulting work for the companies they audit.

KPMG South Africa is seeking a chief executive officer from outside the auditing firm to rebuild trust after becoming embroiled in a series of scandals that cost the organization a number of high-profile clients.

Retired Air Force General Janet C. Wolfenbarger is bringing her skills to the Big Four firm as it faces scrutiny over audits.

The Leading Edge Alliance appointed Erica Ishida to the newly created position, where she will work with Karen Kehl-Rose, who will retire at the end of the year.

The Top Six Firm is committed to investing ‘aggressively’ in its future.

The Big Four firm posted $43.2 billion for FY2018, an 11.3 percent increase.

EY achieved its eighth consecutive year of growth.

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For KPMG, another week, another rebuke from U.K. accounting regulators.

Ernst & Young is acquiring Riverview Law, a London-based provider of legal services, expanding the Big Four accounting firm’s global presence in the legal profession.

CountingWorks is an accounting professional marketplace for small businesses.

U.K. grocer J Sainsbury Plc named Martin Scicluna as its chairman, tapping a former senior executive at accounting firm Deloitte as it prepares to add Walmart Inc.’s Asda unit in a 7.3 billion-pound ($9.7 billion) deal.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.