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The Guardian - Back to homeThe Guardian

Accountancy

June 2024

  • 240613 Consultancy report four pigs thumbnail

    Will the big consultancies finally pay the price?

    Depends if you believe in fairy tales
  • The big four

    The PwC scandal put the big four in the spotlight – but hyper-corporate capitalism remains untouched

    Ian Gow and Stuart Kells
    Australia should be working with like-minded countries to design and build a new architecture of corporate oversight and integrity
  • PwC logo

    The PwC scandal sparked scrutiny of advisory firms. Is Australia’s consulting sector about to see a reckoning?

    Accountability and regulation are set to be prominent as the federal inquiry releases its final report on Wednesday

May 2024

  • PricewaterhouseCoopers logo in an office.

    ‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures

    Firms fined millions after London Capital & Finance’s 2019 crash wiped out customers’ savings

February 2024

  • KPMG signage on a Melbourne building

    ‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

    Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament

January 2024

  • A general view of the EY building in Sydney

    EY Oceania accused of potential conflict of interest over government contracts on climate policy

    Exclusive: consultancy firm supported oil and gas industry lobbying while being paid for independent advice on Albanese’s signature climate policy
  • Sergey Kolesnikov speaking at the Business Russia conference in Moscow in February 2019

    Morgan Stanley and Allen & Overy helping oligarch’s efforts to seize Russian oil firm

    Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied Ukraine
  • Thurrock council’s offices in Grays, Essex.

    Watchdog investigates accountant at bankrupt Thurrock council

    Financial Reporting Council looking into compliance of ex-official at council that ran up £500m deficit

December 2023

  • FBI badge.

    Cyprus confidential
    FBI to help Cypriot police investigate sanction-busting for Russian oligarchs

    Agents will explore how lawyers and accountants in Cyprus helped shield assets of Kremlin-linked business people

November 2023

  • Labor senator Deborah O’Neill

    MPs condemn payment of millions to consultants over federally funded grant schemes

  • An EY sign on an office tower in Melbourne, Australia

    EY fired Australian partner accused of promoting tax minimisation scheme, letter published by Senate inquiry reveals

  • PWC Cyprus

    Cyprus confidential
    PwC Cyprus moved £1bn for Russian tycoon on day he was put under sanctions

  • the pwc logo

    PwC defends plans to cut 600 jobs rather than bosses’ pay

  • KPMG lodges complaint after AI-generated material was used to implicate them in non-existent scandals

  • Australian academics apologise for false AI-generated allegations against big four consultancy firms

October 2023

  • Rolls-Royce worker with the company's MT30 engine

    Bleak day for UK jobs as firms including Rolls-Royce and KPMG plan to cut 4,000 roles

    British jet engine maker to cut workforce as Swedish electric truck firm Volta files for bankruptcy
  • Nils Pratley

    Nils Pratley on finance
    Carillion and the government’s shameful inertia on reform

    Nils Pratley
    Outsourcer’s collapse revealed disgraceful failures at auditor KPMG, yet six years on where is tough new regulator we were promised?

    • KPMG boss says Carillion auditing was ‘very bad’ as firm is fined record £21m

    • PwC Australia blocked from breaking up business by global management in 2018, Senate inquiry hears

    • PwC expected to face Senate inquiry over tax scandal as global CEO travels to Australia

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