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Big Four accountants plan for break-up

The break-up of the Big Four accounting firms seems to be edging closer. The main story in today’s FT is that KPMG, Deloitte, EY and PwC have made contingency plans for a break up of their UK businesses. It’s a solution to the conflict of interest problem in the audit sector that’s favoured by politicians, […]

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Audit fee rules debate heats up

Whether it is taxation or technology, the world of accountancy never seems far from disruption. Rumblings about conflicts of interest in the area of company audits/consultancy roles are another source of controversy in the profession. Scott Knight, head of audit at BDO, the UK’s sixth largest audit firm, is the latest high-profile operator to contribute […]

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Daily Insight: the accounting gender pay gap

On average, about 75 per cent of big UK companies pay men more than women, says the government. Companies employing more than 250 must publish a comparison of male and female pay. The average gap works out at 9.8 per cent. About 10,000 companies met their legal obligation to provide the stats. Over 1,500 missed […]

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Daily Insight: Accountancy watchdog mulls audit expansion

The Financial Reporting Council is rarely out of the headlines these days… And it is now looking at broadening the scope of company audits to provide a bigger picture of a company with a “front to back” audit of its accounts and annual report. This, it believes, would appeal to shareholders and enhance their ever-dwindling […]

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