Accountancy news

• Labor senator accuses PwC of ‘deception and betrayal’ in misuse of Treasury information

  09-05-2023 17:00
  
  Deborah O’Neill has also raised concerns that other consultancy firms may have engaged in similar practices without being detectedGet our morning and afternoon news emails, free app or daily news podcastAn Australian senator has delivered a scathing rebuke of the consultancy firm PwC, arguing its misuse of Treasury information was a betrayal of professional ethics and standards while suggesting more resignations may be necessary.On Monday night, the chief executive of PwC Australia, Tom Se
  
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• Deloitte under investigation over audit for retailer Joules

  09-05-2023 14:57
  
  Financial Reporting Council to look at group’s 2021 accounts, a year before it went into administrationOne of the UK’s biggest advisory firms, Deloitte, is under investigation by the UK’s accountancy watchdog in relation to its audit of fashion group Joules’ 2021 accounts.Joules, best known for its colourful wellies and waterproof coats, called in administrators in November, putting 1,600 jobs and the future of its 132 shops at risk, after failing to secure emergency fund
  
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