PricewaterhouseCoopers is the next Big Four U.K. auditing giant to overhaul operations amid growing regulatory scrutiny on the industry. PwC is reportedly planning to ramp up its auditing operations by hiring 500 more auditors across the U.K., reports in Reuters said on Wednesday (June 5)....
Despite recommendations from a U.K. authority, KPMG revealed it would not split up its accounting and auditing units. However, starting on June 1, the company will boost the oversight of its U.K. audit arm, creating a new executive committee that will manage performance, risks and...
Tensions are running high in the U.K. corporate auditing arena. Amid calls to break up the so-called Big Four auditors – PricewaterhouseCoopers, Deloitte, EY and KPMG – experts have raised concerns over why these players were unable to detect and prevent several high-profile corporate collapses...
The U.K. may be changing course in its efforts to break up the Big Four accountancy firms after the Competition and Markets Authority (CMA) decided against such action late last year. Reports in Bloomberg on Monday (April 1) said a U.K. Parliament committee has announced...
August 04, 2023
The original venture backers of Canadian eCommerce lender Clearco are reportedly buying a loan made to the company by Silicon Valley Bank (SVB). Inovia Capital and Founders Circle Capital, joined by the still operating venture capital arm of SVB, are buying SVB’s $60 million loan to Clearco, Bloomberg reported Friday (Aug. 4), citing unnamed sources. SVB Canada had originally loaned Clearco $80 million in February […]
August 24, 2017
A company news message at Irish invoice financing company Aztec Exchange suggests the firm is headed toward liquidation. Aztec Exchange has called for a meeting of creditors, according to a company...
October 08, 2014
U.S. holiday shopping purchase dollars starting next month will be sharply lower than last year, as shoppers stay cautious and are economically-uncertain, according to a PricewaterhouseCoopers report released Tuesday (Oct....
