Troubled test-and-trace system drafts in management consultants
Guardian learns ‘hundreds’ of consultancy staff ‘on standby’ for ‘back-office’ roles with other firms contacted for helpCoronavirus – latest updatesSee all our coronavirus coverageThe government is...
View ArticleA £56m bill and rising: the cost of Covid consultancy contracts
Some of the most lucrative contracts received by firms such as PwC and Deloitte since the pandemic beganWhitehall ‘infantilised’ by reliance on consultantsSince the onset of the pandemic, the...
View ArticleBrexit drives government consultancy fees to £450m in three years
Exclusive: Home Office biggest spender as department deals with preparations to leave EUThe scale of the government’s reliance on management consultants has been laid bare as analysis shows that...
View ArticleCall for three-year ban on EY bidding on public contracts
Anti-corruption group claims ‘recurring professional misconduct’ should preclude auditor from future businessA prominent anti-corruption campaign group is calling on the government to ban EY from...
View ArticleDebt levels soar for business as UK economy struggles to recover from Covid
Mounting concern as firms borrow for ‘survival rather than growth’, figures from EY showCoronavirus – latest updatesSee all our coronavirus coverageBritain’s economy is facing a lengthy recovery from...
View ArticleBonus reforms 'biggest shake-up of UK corporate governance in years'
Clawback proposals to target directors and stop future payouts if companies collapse The government plans to make it easier to claw back bonuses paid to executives of failed companies in what is being...
View Article14 major UK employers join socially focused Purposeful Company scheme
Bosses of FTSE 100 and accountancy firms promise new focus on wellbeing of staff and local communitiesThe bosses of 14 big organisations, including Capita, Unilever and PricewaterhouseCoopers (PwC),...
View ArticleEY fined by UK accountancy watchdog over Stagecoach audit failings
Penalty of more than £2.2m imposed after firm did not properly challenge transport group’s bosses EY has been fined more than £2.2m by the UK accountancy watchdog for failing to properly challenge...
View ArticleBritain’s public sector is paying the price for the government’s consultancy...
The pandemic has shown relying on these private companies to deliver core services simply doesn’t workWhen he was leader of the opposition, David Cameron did not mince his criticism of the Labour...
View ArticleHow are western firms with Russian interests reacting to sanctions?
Lawyers, spin doctors and accountants representing super-rich are scrambling to reduce exposure to Russian marketRussia-Ukraine war: live newsThe Russian Wealth Advisors Forum describes itself as “the...
View ArticleBig four accountancy firms cut off businesses in Russia and Belarus
EY and Deloitte join KPMG and PwC in separating Russia operations in response to Ukraine invasionUkraine-Russia war – latest updatesEY and Deloitte have followed their rivals and fellow big four...
View ArticleEY plans to spin off audit business in shake-up for industry
Move follows series of high-profile corporate collapses including Carillion and BHSEY is planning to spin off its audit business, working towards the biggest shake-up of one of the UK’s big four...
View ArticleErnst & Young pays $100m to settle US charges of cheating on ethics exams
SEC alleged audit employees cheated on exams required to obtain and maintain CPA licenses, and then misled investigatorsErnst & Young, one of the world’s largest accounting firms, agreed to pay a...
View ArticleErnst & Young splits into separate audit and advisory businesses
Break up of ‘big four’ accountancy firm was voted for by partners and is expected to begin this yearBosses at the “big four” accountancy firm Ernst & Young have decided to move ahead with a radical...
View ArticleImpending UK recession could be twice as bad as anticipated, say analysts
Contrary to other recent economic analysis the business consultancy EY forecasts 0.7% drop in GDP this yearThe UK’s impending recession could be twice as bad as previously thought, according to leading...
View ArticleDarktrace hires EY to review finances after short-seller attack
Cybersecurity company defends against criticism from hedge fund Quintessential and othersDarktrace has hired EY to conduct an independent review of its finances as it tries to defend itself against a...
View ArticleChina instructs state firms to phase out big four auditors
Firms urged to allow contracts with Deloitte, KPMG, EY and PwC to expireThe Chinese government has reportedly instructed state-owned companies to phase out contracts with the big four accounting...
View ArticleDeloitte CEO in thinly veiled criticism of EY after rival’s split plans...
Joe Ucuzoglu posts 20-minute video to Deloitte’s public websiteDeloitte’s chief executive has launched a thinly veiled criticism of rival EY after its controversial plans to split the business into two...
View ArticleEY plan to break up consultancy and audit divisions blocked by US office
Accountancy firm confirms work has stopped on radical scheme after internal concerns about structureEY has scrapped plans for a radical breakup of its global operations after internal disputes over the...
View ArticleEY tells UK staff to expect cuts after breakup failure
‘Embarrassed’ bosses at accounting firm sound warning as global costs of failed split reach $600mBusiness live – latest updatesEY has reportedly told UK staff to brace for a wave of cuts, after the...
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