Big 4
Top Stories
THIS WEEK
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Big Four Ethics in the Spotlight: ASIC Launches Formal Investigation Into KPMG Partners
Australia’s corporate regulator has launched a formal investigation into three KPMG Australia partners following allegations that confidential client information may have been improperly used to secure major audit engagements. The development represents the latest governance challenge facing a Big Four accounting firm in Australia and raises broader questions around auditor independence, confidentiality obligations and the…
Big 4
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PwC to Cut 1,500 U.S. Jobs Amid Prolonged Low Attrition and Strategic Restructuring
Job Cuts Hit Recently Hired and Promotion-Eligible Staff as PwC Adjusts to New Realities
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PwC Faces Advisory Ban in Saudi Arabia Until 2026
The ban could lead Saudi authorities to implement stricter compliance regulations for consulting firms
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Australian Parliamentary Committee´s Report Recommends Limiting partnerships to 400 partners, PwC Australia to be barred from tendering for government contracts
Report on Ethics and Accountability in the Audit and Consultancy Sector contains numerous recommendations post PWC Australia scandal
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EY Reports Global Revenue of US$51.2 Billion for FY24, Highlights Strong Tax Performance
Sharp decline vs last year overall
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Deloitte Reports FY2024 Revenue of $67.2 Billion, Expands Workforce to 460,000
Tax & Legal achieved the fastest growth benefiting from Changing Regulatory Landscape and Pillar 2
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EY US Partners Face Deferred Compensation
Financial Struggles and Leadership Criticism
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The EY 2024 Tax and Finance Operations Survey: Managing Transformation Amid Cost Pressures and Talent Shortages, with GenAI Still Underutilized
Companies struggle with “Doing More with Less” in Ever More Complex Regulatory and Reporting landscape
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PwC China Audit Unit Faces Temporary Ban and Fines Over Evergrande Collapse
The toughest ever penalty received by a Big Four accounting firm in China, accusations of aiding in the concealment of…
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PwC US to Lay Off 1,800 Employees in First Major Cuts Since 2009
New leadership continues restructuring at the US Firm
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PwC UK Will Track In- Office Presence
Adjusts Hybrid Work Model Increasing In-Person Expectations
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EY Reduces Pay Rises and Bonuses for UK Staff Amid Market Challenges
Impact on Tax Advisory Division