FTSE 100 hospital operator imploded in 2020 following disclosure of billions of dollars in hidden debts
Mid-tier UK firms make numbers stack up in favour of the middle ground
Jim Logothetis oversaw Big Four firm’s relationships with big clients including Coca-Cola and Fiat Chrysler
Lawsuit over audits of failed listed construction company is the latest headache for mid-tier firm
Rise of UK challengers is increasing pressure on top firms to retain senior professionals
Big Four accounting firm has improved profitability in Britain as it recovers from series of scandals
Former audit chief is early favourite in contest with international COO Gary Wingrove
Another dose of complications for lenders
Ministers believe bill is not best use of legislative time and will instead press on with modernising corporate reporting
Big Four join mid-tier companies and industry bodies to lobby against FRC’s policy
But the risk of working for a smaller firm might mean new hires demand higher pay
Private equity firm to take majority stake in Interpath in deal that would see HIG Capital exit
The industry seeks to defend itself after Trump administration proposal to redesignate its status
Decision follows scandals at Big Four and comes as AI tools make it easier to circumvent invigilators
Firms argue US regulators have become too focused on finding minor infractions
Former Arthur Andersen partners raised $176mn after pricing shares at top of range
Accountancy reports global revenues of $39.8bn, still far lower than those at competitors Deloitte, PwC and EY
Financial Reporting Council to examine two individuals and firm itself over ‘unauthorised’ auditors’ reports
No mid-tier accounting firms won mandates from large listed firms, banks or insurers last year, FRC finds
Mid-tier accounting firm’s average profit per equity partner of £821,000 better than that at EY
Technology use ranges from trawling mass data sets during audits to drafting consulting documents in minutes
Revenues at UK accountancy firm flatlined in year to July after audit and deals businesses shrank
Curbs on outside capital are just another problem to be solved for the smartest legal and financial minds
Revenue errors in retailer’s accounts prompt latest scrutiny of Big Four accounting firm’s audits
US regulator says current interpretation limits choice for technology companies
