Accountancy
BDO posts uptick in global revenue amid business overhaul
The professional services firm continues to push ahead with a regional consolidation drive
Accenture exec appointed AI champion by Rachel Reeves
The government taps Shaheen Sayed to drive AI adoption across the UK’s professional services sector
2 min read
Accountancy body calls for audit reforms as PwC under scrutiny over WHSmith
The FRC is considering whether to launch a formal investigation into PwC’s audit of WHSmith
2 min read
MHA boss eyes more mergers amid accountancy deal rush
Rakesh Shaunak says the accountancy firm is ‘in active conversation’ about potential tie-ups
2 min read
MHA revenue up 13% after London listing
UK accountancy firm is targeting “selective M&A” as revenue rises
2 min read
After pouring into professional services, what’s private equity’s exit plan?
From accountancy consolidation to legal roll-ups, buyout shops have stormed into professional services. What comes next?
4 min read
AI will overhaul consulting fees, McKinsey says
The consulting giant is shifting to outcome-based pricing amid the technology’s rise, according to its UK boss
2 min read
BDO’s UK and Ireland firms set to merge
BDO is set to become the latest to consolidate its partnership amid a wave of investor interest in the accountancy sector
2 min read
Ex-Telegraph journalist joins Financial News to boost professional services coverage
FN is ramping up its coverage during a pivotal time for the sector
1 min read
EY’s UK partner pay rises to average of £787,000
The Big Four accountancy firm posts a rise in UK fee income, despite a slowdown in consulting
1 min read
Accountancy firms merge partnerships amid ‘defensive consolidation’
RSM has become the latest to combine its memberships as accountants race to fend off private equity approaches
2 min read
FCA to run anti-money laundering checks on lawyers and accountants
Law Society and ICAEW warn that a single supervisor could increase costs and regulatory burdens
EY revenue rises despite slump in transactions
The Big Four accountancy firm said demand for AI consulting has helped offset sluggish revenue from strategy work
Big Four retreat ‘creates opportunities’, says Kroll
Global advisory firms such as Kroll and AlixPartners are ‘in growth mode’ while major consultancies battle with slowing revenue
Grant Thornton buyout battle reaches Australia
‘All options remain on the table’: Grant Thornton Australia drafts in advisers from Greenhill to help weigh up approaches from investors
PwC cuts 1,500 jobs in Middle East
The cost-cutting drive comes after the Big Four accountancy firm’s ban by Saudi Arabia’s sovereign wealth fund
1 min read
PwC UK partner pay edges up as job cuts help boost profit
The Big Four accountancy firm has posted a rise in revenue and profit following ‘considered cost management’
2 min read
Cinven snaps up Grant Thornton Germany
The deal comes after the private equity giant acquired a majority stake in Grant Thornton UK last year
2 min read
Private equity firms in talks with audit watchdog over more takeovers
At least six audit firms have approached the FRC about the possibility of a change in capital structure over the past two years, FN can reveal
3 min read
MHA chief: IPO demonstrates how we have ‘stolen a march’ on private equity
Chief executive of UK accountancy firm says its London listing has prompted others to consider alternatives to private equity ownership
3 min read