Ernst & Young (EY) is cutting ties with a significant number of U.S. public companies as audit clients in an effort to revamp its audit practice and improve the quality of its work. Between January 1, ...

Ernst & Young's leaders have approved a plan to separate the Big Four firm's audit and consulting businesses around the world. The proposal has been in the works since at least May, when global ...

The watchdog has fined Big Four giant EY £6.5m for its audit of the collapsed airline Thomas Cook. The Financial Reporting Council (FRC) imposed sanctions on EY and its audit engagement partner, ...

A draft report by the accountancy regulator to the High Court has concluded that EY’s audit of collapsed NMC “was deficient in multiple respects” and that “these failings are extremely serious.” The ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EY has been accused of misleading the UK’s accounting watchdog over its audit of NMC Health, as a £2bn trial ...

EY has been fined £3.5m and given a “severe reprimand” by the Financial Reporting Council, in part for failing to meet requirements when auditing Stagecoach’s defined benefit scheme obligations. The ...

FRC opens new probe into EY and two unnamed members Big Four firm EY UK was accused of being “grossly negligent” and failing in its most fundamental audit duties over seven years, allowing a massive ...