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Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaWe’ll always have DubaiThe war of unintended consequencesIran warns it will hit US bases across region hours after president’s apologyIn the centre of the storm: what does the Iran war mean for Dubai?Trump’s war on Iran is spreading. Where does it stop?USUS HomeUS EconomyUS CompaniesUS Politics & PolicyThe war of unintended consequencesIran warns it will hit US bases across region hours after president’s apologyTrump’s war on Iran is spreading. Where does it stop?US draws up strict new AI guidelines amid Anthropic clashRussia is helping Iran to target US military assets in Middle EastCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportIn the centre of the storm: what does the Iran war mean for Dubai?Is the nightmare scenario for global energy here?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesUS draws up strict new AI guidelines amid Anthropic clashThe last of Hong Kong’s colonial-era trainee schemesTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaPalmer Luckey’s $1bn pitch to reboot 1990s video game consolesUS draws up strict new AI guidelines amid Anthropic clashGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnOracle and OpenAI scrap deal to expand flagship Texas data centreIran hits Amazon data centres in jolt to Gulf AI driveMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingIs the nightmare scenario for global energy here?Investors are not ready for a true shockBritain is now the home of the Middle ManUS faced with few good options to tamp down surging oil pricesOil hits highest level since 2023 as Iran war triggers historic surgeClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersWe’ll always have DubaiThe war of unintended consequencesIs the nightmare scenario for global energy here?Investors are not ready for a true shockBritain is now the home of the Middle ManLexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnPapier founder: ‘I don’t own stocks or shares — it’s too much risk’Are you financially ‘prepped’ for higher inflation?Couples navigate their new money dynamicsWomen in the public eye keep watch as online attacks intensifyLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterWe’ll always have DubaiTrump’s war on Iran is spreading. Where does it stop?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesHereditary peer Lord Mancroft: ‘They don’t care about fox hunting. It’s about us’Marinelli: my 15-year quest to ski the biggest face in the AlpsHow To Spend ItHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InAccountancyJanet Truncale cuts staff and trims costs in her first year as EY bossFilings show CEO has made good on promise to slim down central bureaucracy of Big Four accounting firmUK’s Leading Management ConsultantsConsultancies prioritise the human touchFirms will refocus on employees’ skills this year to set them apart from rivals in AI eraAccountancyFour partners leave EY after independence rule breach on Shell auditBig Four firm set to be replaced by PwC on lucrative contract after compliance errorAccountancyShell dumps EY after breach of independence rulesBig Four accounting rival PwC will now audit oil major from 2027AccountancyEY settles £2bn negligence claim over NMC Health auditFTSE 100 hospital operator imploded in 2020 following disclosure of billions of dollars in hidden debtsAccountancyPay for mid-tier accounting partners soars to record level against Big FourRise of UK challengers is increasing pressure on top firms to retain senior professionalsAccountancyKPMG’s UK partner pay tops EY and PwC for first time in a decadeBig Four accounting firm has improved profitability in Britain as it recovers from series of scandalsUK companiesTop Shell auditor leaves EY role as regulators probe independence breachesExit comes after oil major said in July that lead partner had exceeded period allowed under rotation rulesTees Valley Combined AuthorityAuditors raise red flags at public body run by Ben HouchenEY said errors included ‘material misstatements’ in latest setback for Conservative metro mayorAccounting & Consulting servicesEY investigated by UK watchdog over Shell auditFinancial Reporting Council to examine firm’s adherence to independence rules in 2024 auditAccountancyEY hit with new investigation by UK accounting watchdogFinancial Reporting Council to examine two individuals and firm itself over ‘unauthorised’ auditors’ reportsAccountancyBig Four partner promotions sink to five-year low in UKDeloitte, EY, KPMG and PwC bosses strive to protect profits amid slowing revenuesAccountancyEY’s partner pay rises 9% to £787,000 as UK accountants face tax raidDeals advisory arm reverses decline amid ‘challenging market’ for Big Four firmAccounting & Consulting servicesEY revenue rises as AI consulting offsets slowdown in deal workBig Four firm’s Parthenon business combining executive strategy with due diligence on deals shrank 0.4% globallyAccountancyEY accused of misleading watchdog over NMC Health auditFailed hospital operator’s administrators seeking about £2bn damages from accounting firm in trial over missed ‘red flags’US companiesEY narrows US leadership race to three candidatesBig Four accountancy firm tries to move past turmoil triggered by abandoned splitAccountancyEY insider: Big Four firm failed investors by watering down fraud-hunting plansJoe Howie alleges post-Wirecard clean-up has stalled after scandal in GermanyFintechEY beats BDO to win lucrative Revolut audit contractChange ends challenging relationship and comes as fintech tries to secure full UK banking licenceAccountancyEY broke US audit rules on Shell mandate two years in a rowBig Four firm in regulatory crosshairs after exceeding time limits on work for oil major in the US and UKAccountancyBig Four firms fined in new exam cheating scandalDutch arms of Deloitte, PwC and EY pay total of $8.5mn after ‘hundreds’ of staff shared answers on internal testsIBM CorpIBM Consulting hires EY veteran Andy BaldwinBritish consulting executive swaps Big Four for Big BlueArtificial intelligenceBig Four firms race to develop audits for AI productsAccounting groups hope to emulate previous profit gains from audits of companies’ ESG metricsAccountancyEY accused of ‘serious’ failings in audits of collapsed NMC HealthFTSE 100 group failed after disclosure of 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