Practice & Industry

Insight / EY partner earnings drop as fee income hits £2.45bn

Partner earnings at EY have fallen matched by a modest rise in annual fee income of £2.45bn, up 1.5%, as the Big Four firm focuses on improving diversity at partner level and investing in audit quality

Insight / Quantuma moves Bristol office to grow practice

Business advisory firm Quantuma LLP has taken on more office space and plans to double staff numbers

Audit / PwC fails to ward off multimillion negligence claim

PwC has failed in a High Court bid to ward off a pending multimillion euro negligence claim against the Big Four firm

Insight / PwC ranks top accounting firm for worker satisfaction

Accountants and auditors are the happiest and most loyal workers in the UK, but where are the top firms placed?

Insight / One in three millennial business owners dissatisfied with accountants

Millennial business owners are not happy with the service provided by their existing accountants and bookkeepers, with more than 39% of owners actively looking to replace their existing adviser in the next year

Insight / EY negotiates British Steel sale to China's Jingye

The Official Receiver and administrators at EY have secured a deal to sell British Steel to Chinese steel giant, Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd, subject to regulatory approval

Tax / KPMG signs deal with R&D specialist Axillium

Big Four firm KPMG has signed an agreement with a specialist research, innovation and investment agency Axillium to support clients access research and development (R&D) grants

Insight / BKL acquires Green & Purple accountants

Chartered accountants BKL has acquired Green & Purple, an accounting firm specialising in providing chief financial officer (CFO) led virtual finance office services

Insight / Underwood: cry for help from accountants

Growing an accountancy practice in a highly competitive business environment requires a strategic vision and the desire to shake off the comfortable status quo. Keith Underwood, managing director of Foulger Underwood, gives some useful tips on how to future-proof your business

Insight / ICAEW signs membership deal with AI specialist Inflo

ICAEW has announced a partnership with financial data analytics software company Inflo to give smaller accounting firms access to analytics dashboards and artificial intelligence (AI) tools

Tax / Pros and cons of four-day week

Labour party plans for a four-day week have been criticised by a think tank which claims the impact on productivity would cost up to £17bn a year, but there are advantages of offering a more flexible work environment to employees 

Insight / MGI Worldwide and CPAAI merge accounting networks

Global accountancy network MGI Worldwide and association CPA Associates International (CPAAI), headquartered in the US, plan to merge in the new year

Audit / KPMG rejects talk of partner cull

Big Four firm KPMG has denied that it is planning to cut around a tenth of its partners in a bid to get the firm back on track and improve performance, saying that around 50-60 partners leave the firm each year through natural churn 

Insight / Big Four auditors dominate £910m listed audit market

The Big Four audit firms have pushed all competition out of the FTSE 100 audit market in the last 12 months as BDO and Grant Thornton both lose top tier audit client ranking

Insight / Audit firms champion LGBT+ role models

Leaders from Deloitte, EY and PwC have been named on this year’s annual role model lists published by Involve, a membership organisation championing diversity and inclusion in business
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