Former shareholders in utility said Big Four firm failed to spot red flags and allowed management to hide mounting issues
Big Four firm will repay final instalment after incorrect references and citations found in document
Big Four accounting firm reports robust demand for its advice to companies on strategy
Cost-cutting drive helps shield profits at Big Four firm
Retailer calls in Deloitte and slashes forecast after ‘overstatement’ of profits
Mining group previously paid $1.5bn after investigations into bribery and market manipulation
Banks’ concerns over Stenn began when US authorities unsealed criminal indictments in money laundering case
Dutch arms of Deloitte, PwC and EY pay total of $8.5mn after ‘hundreds’ of staff shared answers on internal tests
Profits for Big Four firm come in ‘below our original plan’, says internal memo
Artificial intelligence raises opportunities and risks for audit quality and financial reporting
Defence department’s move is part of Trump administration’s ongoing purge of consultancy spending
Shareholders claim audit firm helped hide difficulties at South Carolina power project
Deloitte, PwC and KPMG filing in potential $18bn case warns of ‘erosion of confidence’ in fairness of system
Firms including Deloitte and Accenture told to justify billions of dollars’ worth of contracts
Tax staff in the US told that their presence will be considered in performance reviews
Big Four firm’s UK arm tells staff it remains committed to diversity despite changes in US
Lawyers, bankers and many other professionals are now using chatbots to communicate, some without company oversight
Central bank governor says EY, Deloitte and KPMG have already begun work after loss of estimated $17bn
Also in this week’s newsletter, losses widen again at DAZN
EY and PwC will struggle to meet UK goals while KPMG and Deloitte are likely to fall short on global ambition
High building costs and effects of climate change are driving up amount claimed
Big Four consultancy firm aims to cut costs in response to ‘challenging market conditions’
About 12bn working days lost to depression and anxiety each year, costing global economy $1tn
Restructuring is latest sign of weakness in consulting industry after end of pandemic-era boom
Round of job cuts affecting Big Four accounting and consulting firm’s advisory divisions staff not announced across business
