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Sports Direct Withdraws Offer For Patisserie Valerie

The Financial Times reported that the United Kingdom's Sports Direct Plc has withdrawn its offer to acquire Patisserie Holdings Plc after only two days. In...

Deloitte And KPMG Under Scrutiny For Role In 1MDB Corruption Scandal

In Malaysia, International auditors Deloitte and KPMG are being investigated for their role in the 1MDB corruption scandal. Last Saturday, authorities in Malaysia said that they are...

HMV Appoints KPMG As Administrators

KPMG has been appointed as the administrator of HMV, a retail music shop, after it announced that it would be entering administration for the second time...

CMA Recommends Market Share a For The Big Four

The top four audit firms of the United Kingdom are facing a market share cap in order to encourage competition from smaller firms as...

CMA Consultation Sees Big Four Audit Firms Backed By Asset Managers

Investment management companies have called on the competition watchdog to ensure that the quality of audit is not affected as it is investigating the...

Labour Considers Big Four Break-up

The Labour party is mulling some radical plans to break up the Big Four accountancy firms. It comes amid heightening pressure on the scandal-hit...

UK Accountancy Watchdog Slams KPMG

This afternoon, KPMG, a big four accountancy firm, was criticised because of the “unacceptable deterioration” in the quality of the audit work of the company. KPMG...

Meat Supplier Russel Hume Collapses into Administration

Russell Hume, a meat supplier, has collapsed into administration resulting to the loss of approximately 300 jobs. Jamie’s Italian and JD Wetherspoon were among the former customers...

SAP, KPMG, and McKinsey Hit with Criminal Charges by Companies Regulator...

Software group SAP, accountancy business KPMG, and Consultancy firm McKinsey have been accused of criminal conduct by the Companies and Intellectual Property Commission (CIPC), the...

KPMG: Profit Margins of Retailers have been Squeezed Since Black Friday...

In the United Kingdom, the Black Friday phenomenon seems to be sticking around, as more and more retailers have offered discounts on both sides...

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