Search Results for: Deloitte
FCA defends secondments with ‘Big Four’ accountants
June 4th, 2015
The Financial Conduct Authority (FCA) has revealed how many staff were seconded to and from it from the ‘Big Four‘ accountancy firms Deloitte, KPMG, PwC and EY in 2014. Following a Freedom of Information (FoI) request by sister publication Insurance Age, the ...
EY’s slick tender secures Royal Dutch Shell audit
May 21st, 2015
EY is on the cusp of being crowned new auditors to Royal Dutch Shell should its shareholders anoint them at the fossil fuel giant’s 2016 Annual General Meeting. The announcement secures EY’s growing presence in the sector having already bagged ...
IFRS 9 could hike banks’ loan loss provisioning by 50%
May 19th, 2015
BANKS could be forced to set aside as much as 50% more capital to cover possible future losses from bad loans under new accounting rules on credit exposures, research by Deloitte has found. According to Deloitte’s Fifth Global IFRS Banking ...
Tesco Ends 32-Year PwC Relationship After Accounting Scandal
May 11th, 2015
Tesco Plc ended a 32-year relationship with PricewaterhouseCoopers LLP by hiring Deloitte LLP as its new auditor, seeking to draw a line under a 263 million-pound ($406 million) accounting scandal. The U.K.’s largest supermarket company selected Deloitte following a ...
RBC announces PricewaterhouseCoopers LLP as external auditor for fiscal 2016
April 30th, 2015
Royal Bank of Canada (RY on TSX and NYSE) announced that the Audit Committee of the Board has selected PricewaterhouseCoopers LLP as its external auditor for fiscal 2016. The selection is the outcome of a comprehensive tender process and ...
Accounting threshold shifts risk lasting damage to audit profession
April 29th, 2015
Earlier this month, on 6 April, a new EC directive quietly slipped into force. The less than snappily titled Companies, Partnership and Groups (Accounts and Reports) Regulations 2015 – the UK’s implementation of the EU Accounting Directive – passed onto the ...
Big Four to beat law in dumping the billable hour
April 29th, 2015
Pricing experts have predicted that accounting firms will scrap the billable hour before law firms, but neither sector is willing to change. Steve Major (pictured), founder of consultancy Pricing Power, told Lawyers Weekly that accounting firms are moving away from the ...
EXNESS releases verified figures showing continued growth in Q1 2015
April 29th, 2015
EXNESS has today continued its call for the retail Forex industry to become more transparent in order to build trust amongst retail traders. George Tsaparillas, Director of Global Strategy and Business Development of EXNESS, comments: “It’s incredible that retail ...
Secrets ending for Swiss bank accounts
March 20th, 2015
European tax evaders might soon have to hide their cash in mattresses instead of secret Swiss bank accounts. Switzerland has agreed to start sharing financial information with the European Union, making it much harder for Europeans to hide wealth ...
EXNESS takes the lead with the release of audited funds and trading volumes
March 13th, 2015
EXNESS has today called on the retail Forex industry to become more transparent regarding broker funds and trading volumes, so that traders can assess the financial strength of brokers and their ability to withstand market shocks. George Tsaparillas, Director ...
