EY | News | Accounting

An overview of global EY news:

United Kingdom

EY leader touted as inaugural boss of new football regulator As the laboured effort to regulate England’s increasingly vulnerable football pyramid draws to its conclusion, talk has turned to who should head the new watchdog.
24 July 2025
Canada

Bridging Finance receiver PwC sues former auditor EY for $1.4 billion PwC, the court-appointed receiver of Bridging Finance, is suing fellow Big Four firm EY for $1.4 billion for claimed lapses in its accounting work for the failed Toronto-based private lender.
14 July 2025
United Kingdom

Big Four weighing up new AI audit offerings Amid an increasingly bloated market for AI-driven tools, verifying those which might actually work for a company is like looking for a needle in a haystack.
10 June 2025
United Kingdom

FRC stings EY for more than £5 million in fines Two separate cases have seen EY’s UK wing rack up fines in excess of £5 million.
17 April 2025
United States

EY US pledges $1 billion to boost attractiveness of accounting profession EY US has announced plans to invest $1 billion over three years in talent and technology to improve the experience of early career accounting professionals Accounting professional associations have f
24 June 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
Australia

EY remains a bright spot in ASIC’s audit quality report While acknowledging the impact of Covid-19, Australia’s national corporate regulator has found little overall improvement in audit quality over the past financial year – although EY continues to be a
05 December 2021
United Kingdom

EY fined over flawed 2017 audit of Stagecoach Professional services giant EY has become the latest member of the Big Four to be stung with a multi-million pound fine for its accounting work. The company received a £3.
01 September 2021
United Arab Emirates

EY forced to pay out big in international money-laundering saga EY in the UAE has been ordered to pay more than $10 million in damages to a former employee who blew the whistle on an international scheme involving gold importations disguised as silver.
20 April 2020
South Africa

EY endorses new plans to set up an independent audit review EY has endorsed the government’s recent initiative to clean up the audit profession in South Africa, following Finance Minister Tito Mboweni’s announcement that an independent panel is to be set up t
13 March 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

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
United Kingdom

EY and PwC also sold consulting work to Thomas Cook Big Four audit and advisory firms PwC and EY have come under scrutiny for selling consulting and accounting services to Thomas Cook in the lead up to the company’s collapse.
05 November 2019
Australia

Big Four firms allegedly interested in scooping Grant Thornton Big Four firms EY and KPMG are allegedly vulturing around Grant Thornton’s operations in Australia.
05 August 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
Kenya

Barclays Bank of Kenya looks to replace KPMG with EY as external auditors Drawing on the actions of its parent company Absa, Barclays Bank of Kenya is planning to terminate its relationship with global accounting and advisory firm KPMG, which has been its external auditor
08 May 2019
India

EY selected to conduct audit on Jet Airways for creditors consortium As Jet Airways continues its efforts to stabilise its financial situation, creditors to the airline – led by the State Bank of India – are set to appoint global professional services firm EY as the a
04 April 2019
Singapore

EY launches six-month financial services start-up incubator in Singapore
19 March 2019
Australia

Big Four accounting and consulting firms booming in Australia The Big Four professional services firms – EY, Deloitte, KPMG and PwC – are enjoying a sustained boom in Australia.
12 February 2019
South Africa

EY signs strategic partnership with South African accounting firm Motlanalo Global professional services firm EY has announced the signing of a strategic partnership with South African firm Motlanalo Chartered Accountants and Auditors.
24 December 2018
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

Scisys trades one Big Four auditor for another AIM-listed software company Scisys has appointed EY as its auditor after the resignation of KPMG from the role.
01 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
Iraq

EY Iraq to collaborate with training institute Morgan International The Iraq branch of professional services firm Ernst & Young has entered into a collaboration with accounting and audit certification provider Morgan International to enhance the availability of high-
04 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

PwC replaced by EY as external auditor at Tate & Lyle Top UK-based food conglomerate Tate & Lyle has confirmed it has ended a 28-year relationship with former auditors PwC.
10 August 2017
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

NAO takes over from EY as BBC auditor In its Annual Report and Accounts the BBC has confirmed that the end of its relationship with EY as the corporation’s official auditor. The National Audit Office and Sir Amyas Morse will become their external auditors for the financial year 2017-2018.
04 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

EY to add 270 new recruits to 1,800 strong workforce in Ireland EY plans to add 270 new professionals to its 1,800-strong workforce in Ireland in the coming twelve months.
23 June 2016

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