Deloitte | Global news | Accounting

An overview of Deloitte global news:

United Arab Emirates

UAE internal audit association signs agreement with Deloitte With the aim of further professionalising the internal audit profession in the UAE, the region’s Internal Audit Association has signed a memorandum of understanding with Deloitte.
21 May 2024
United Kingdom

Big Four foisting 'high risk' clients onto smaller competitors The Financial Reporting Council has found that the Big Four’s auditing function has collectively improved for two consecutive years.
28 July 2022
United Kingdom

Deloitte stung with record fine for Autonomy audit An independent tribunal has ordered Deloitte to pay a £15 million and a further £5.6 million in legal fees, after the firm was found to have broken the rules of the UK accounting watchdog.
14 October 2020
South Africa

Deloitte supplies top chartered accountancy candidates this year Four of the top twelve candidates in the 2019 Chartered Accountant (CA) assessments in South Africa are from Deloitte.
11 March 2020
United Kingdom

Ted Baker appoints Deloitte to probe multi-million stock overstatement Troubled fashion retailer Ted Baker has drafted in investigators from Deloitte to probe an accounting mishap that saw it overstate the value of its stock by up to £25 million.
10 January 2020
United Kingdom

Labour pledges to take on Big Four audit "cartel” The Big Four of PwC, KPMG, Deloitte and EY could face an audit-sector overhaul, should the Labour Party win the 2019 general election.
29 November 2019
Middle East

Deloitte duo elected to top board roles at ICAI's Dubai chapter Professional services firm Deloitte has congratulated Anish Mehta and Sunder Nurani on their appointments to the chair and vice chair roles of ICAI’s Dubai chapter.
19 November 2019
United Kingdom

FRC fines Deloitte £4 million over Serco tagging scandal Deloitte has been hit with a fine of more than £4 million by the Financial Reporting Council, after it failed to act with professional competence during 2011 and 2012 audits of Serco’s Geogafix in 2
16 July 2019
Thailand

Audit practice of Deloitte Thailand aiming for double-digit growth Thailand is the second largest Southeast Asian audit market for global professional services firm Deloitte according to local partner Chavala Tienpasertkij.
02 July 2019
Malaysia

BDO and Big Four partner with ACCA / Sunway for audit simulation course Malaysia’s Sunway TES Centre of Accountancy Excellence together with the Association of Chartered Certiﬁed Accountants have held the first international installation of their joint Global Audit Simul
20 June 2019
Netherlands

KPMG and Deloitte advise on deal in Dutch software landscape IT software company Unit4 has acquired JSKS, a small Netherlands-based provider of accountancy and fiscal software to mid-sized businesses and entrepreneurs.
05 June 2019
United Arab Emirates

ACCA hosts UAE women in finance forum with Deloitte advocates Senior finance leaders from across the UAE have assembled for a meeting hosted by the ACCA on developing a collective vision to increase the ratio of women in finance and technology, with Deloitte’s
18 March 2019
United Kingdom

Deloitte wins CRH role from Big Four rival Big Four professional services firm Deloitte has secured a new contract as the external auditor of constructions industry manufacturer CRH. The firm will replace rival EY in the role as of 2020.
14 March 2019
Malaysia

Deloitte fined over half a million dollars in Malaysia 1MDB fall-out
01 February 2019
United Kingdom

CMA calls for audit market cap but stops short of Big Four break-up The Big Four audit and advisory firms face an unprecedented limit to their market share, following the conclusions of a probe by the UK’s competition ombudsman.
17 December 2018
United Kingdom

Big Four rivals outline recommendations for changing UK audit market Some of the UK’s largest auditing and advisory firms have called for changes to the UK accounting scene, ahead of the Competition & Markets Authority’s industry probe.
22 November 2018
United Kingdom

Big Four accounting firms brace for competition probe from CMA As pressure continues to mount on the top figures of the auditing and advisory industry, the dominance of the Big Four in the accounting arena will now be the subject of a landmark competition probe.
15 October 2018
United Kingdom

Big Four firms wary of Sports Direct's hunt for new auditor As competition rules have led to Grant Thornton having to stand aside as the auditor of Sports Direct, the retail group has been left struggling to replace the firm.
19 September 2018
United Kingdom

Big Four maintains dominance of FTSE 100 and 250 audits Despite building pressure on watchdogs and UK lawmakers to break up the Big Four, the top accounting and advisory providers remain dominant in the UK auditing market after the first quarter of 2018.
04 June 2018
United Kingdom

FRC takes Deloitte to tribunal for $5 billion Autonomy scandal Big Four firm Deloitte has become the latest professional services giant to face a probe from the Financial Reporting Council.
01 June 2018
United Arab Emirates

Deloitte to help Dubai's finance department implement accounting standards Big Four accounting and advisory firm Deloitte has been selected by Dubai’s Department of Finance to help implement the International Public Sector Accounting Standards which seek to improve governme
18 April 2018
United Arab Emirates

Shareholders of collapsed Lebanese bank take Deloitte to court in Dubai A coalition of minority shareholders from collapsed Lebanese Canadian Bank (LCB), will have their case against Deloitte heard in Dubai, in a landmark court ruling in the UAE.
06 March 2018
United Kingdom

Watchdog probes Deloitte audit of Mitie accounts Britain's accounting watchdog is investigating Deloitte's auditing of Mitie Group, the outsourcing company that issued a string of profit warnings last year.
08 August 2017
United Kingdom

European report calls for greater regulation of Big Four auditors A survey on global tax avoidance, prompted by the Panama papers scandal in 2016, has called for new measures to hold the auditing practices of Big Four firms Deloitte, EY, KPMG and PwC to account.
10 July 2017
United Kingdom

35 most talented accounting & advisory professionals Platform Accountancy Age has released the 2015 edition of its ‘35 under 35’ ranking. This list recognises the 35 most talented accounting and advisory professionals under the age of 35.
26 May 2015
United Kingdom

EY replaces Deloitte as Royal Bank of Scotland auditor EY has been selected by Royal Bank of Scotland to replace Deloitte as its auditor as of 2016. The decision follows new regulations that require companies to switch auditors every decade. As a result of EY’s new co
07 November 2014
United Kingdom

Big4 have 73% share in the UK accountancy market It should be no surprise that both the European Union and local governments are eagerly looking forward to introducing regulations to increase competition in the accountancy market. A new survey of Accountancy Age in the United Kingdom once again clear
10 September 2012
United Kingdom

Spain is hiring Big4 firms for independent audit banking Spain has picked the "Big Four" accounting and consulting firms PwC, Deloitte, KPMG and Ernst & Young to carry out independent detaile
07 June 2012

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