According to the results of a survey published on Monday by Deloitte, large companies in Britain expect the coronavirus to reduce their sales by more than a fifth this year. They expect the impact of the coronavirus to be worse… Read More ›
Deloitte
UK Lawmakers call for breaking up KPMG, EY, PwC and Deloitte
Calls for breaking up the big four accounting firms are on the rise following audit failures at Carillion and retailer BHS. In a first such intervention, with the role played by accounting firm KPMG in the collapse of construction company… Read More ›
Construction industry booming in UK cities: Deloitte’s real Estate Crane Survey
The results of Deloitte’s real Estate Crane Survey is surprising given the uncertainties surrounding Brexit. On Tuesday, in a report accounting firm Deloitte disclosed, construction activities in four regional cities in Britain have touched a record high despite the uncertainty… Read More ›
Financial Reporting Council (FRC) accepts tougher measures against poor financial reporting by the Big Four audit firms
Although the measures adopted by the FRC are strong, in comparison to penalties imposed by Britain’s Financial Conduct Authority they are still small. On Monday, in a significant development, the Financial Reporting Council (FRC) disclosed that it has accepted the… Read More ›
New accounting standard for insurance companies will usher in a wave transparency in the sector
While end users will benefit, insurers will have to bite the bitter pill of additional costs. With the introduction of uniform international book-keeping standard, details of which are to be published on Thursday, slated to take place from January… Read More ›
Blockchain and securitization industry join forces to tap the $1.9 trillion U.S. securitization market
Wall Street’s structured finance companies want to use Blockchain’s immutable shared ledger to lower their cost of operations and thus boost their profitability. In efforts aimed at tapping the revolutionary benefits of blockchain technology for the fintech industry, Wall Street’s… Read More ›
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