The head of audit at the UK's sixth-largest accounting firm has called for tighter restrictions on the range of services ...

BDO calls for greater restrictions on non-audit work

The head of audit at the UK's sixth-largest accounting firm has called for tighter restrictions on the range of services auditors can offer their clients amid growing concerns about conflicts of interest in the audit market.

Autonomy was the UK's second-largest software business when Hewlett-Packard acquired it in 2011. Hewlett-Packard later ...

Former exec convicted of accounting fraud in $10b deal

The former chief financial officer of Autonomy Corp was found guilty of orchestrating an accounting fraud to arrive at the $US10.3 billion price Hewlett-Packard paid for the UK software maker more than six years ago.

Last year KPMG collected a combined total of almost $US200m in fees from the two blue-chip groups.

KPMG under spotlight over high-profile clients' woes

KPMG this week faces the prospect of a rebellion from shareholders in two of its oldest and highest-profile clients, Wells Fargo and General Electric, over its role auditing the beleaguered companies.

The entire professional services sector is splitting its activity in two.

Consultants swarm over AMP

AMP had so many consultants from different firms doing advisory work in 2014 that the financial services company called in yet another consultant to benchmark how much was being spent. Not much has changed.

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In his recent congressional testimony, Mark Zuckerberg appeared uninformed about key details of the privacy agreement.

PwC audit clears Facebook despite leaks

A PwC audit of Facebook's privacy practices for the US government found no problems, even though the social media company knew at the time that a data-mining firm improperly obtained private data from users.

A partner at Ernst & Young in the United States has made a sexual harassment allegation.

Ernst & Young US faces sexual harassment complaint

Ernst & Young US is facing a sexual harassment complaint from one of its partners, claiming the world's third largest accounting firm failed to respond adequately to misconduct allegedly witnessed by other senior people at the firm.

KPMG South Africa faces three separate probes into its operations.

KPMG South Africa fights for survival

KPMG South Africa is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals.