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The Latest Breaking News from EY

Brits tighten their belts as inflation erodes household budgets

Brits are cutting back their spending as soaring inflation takes its toll on household budgets.

Evening Standard

IPO Market Crumbles As It Gets Hammered By Multiple Issues

The IPO market has been crushed, due to market volatility, geopolitical tensions, economic weakness, recession fears and more.

Investors Business Daily

How the collapse of mental health service Within Australia unfolded in Gippsland

More than 400 clients and 61 staff members face an uncertain future when a Gippsland mental health support service closes its doors for the final time today.

ABC News

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PwC partners to earn £1m each as firm sets new pay records

Earnings milestone for 950 executives comes despite repeated censure of big four auditors over standards

The Guardian - UK

Plummeting trust in big business harms all of us

More than half the people surveyed worldwide said capitalism today does more harm than good, and no amount of PR or marketing spin looks set to shift that.

Crikey

More than £130m in public money handed to housing providers named and shamed by regulator

Investigation: Simon Murphy and May Bulman uncover huge sums in housing benefit for vulnerable people paid to firms whose bosses are cashing in through a loophole in regulation

The Independent UK

SEC Fines Ernst & Young $100M Over Auditors Who Cheated On Their CPA Exams

The accounting giant Ernst & Young LLP (EY) was fined $100 million Tuesday by the U.S. Securities and Exchange Commission (SEC) to settle charges that its audit professionals cheated on the exams required to obtain and maintain Certified Public Accountant (CPA) licenses.

Benzinga

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Ernst & Young pays $100 million to settle charges of auditors cheating on ethics exams

SEC alleged audit employees cheated on exams required to obtain and maintain CPA licenses, and then misled investigators

The Guardian - US

'Buffer lands' key to post-coal growth

Buffer zones around mining operations could be unlocked to give one of Australia's biggest regional economies a chance at sustainable growth beyond coal.

AAP

‘Buffer lands’ key to post-coal growth

Buffer zones around mining operations could be unlocked to give one of Australia’s biggest regional economies a chance at sustainable growth beyond coal.

Crikey

Charity partnership to help young Scots into higher education launches

A NEW charity partnership has been launched in Scotland, with the goal of supporting young people with learning disabilities, helping them in the…

The National (Scotland)

PwC fined total of £5m over Galliford Try and Kier audits

Accounting firm failed to adequately scrutinise long-term contracts at construction companies, says FRC

The Guardian - UK

‘Resilient’: Consumers help economy weather Omicron, floods as household outlook sours

Australian households spent more money eating out and traveling the country over the March quarter, helping the national economy weather disruptions.

The New Daily

Midlands shows strong performance for FDI projects - report

Annual survey from EY says both the West and East Midlands saw their number of FDI-backed projects growing at a faster rate than the rest of the UK

Birmingham Post

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Insider UK

10,000 Scottish jobs have been created by foreign investors

122 inward investment projects were secured in Scotland in 2021 - up 107 from 2020 - maintaining position as top UK location outside London

Financial Times

Inside EY’s break-up plan: why it could radically reshape the Big Four

Splitting the audit and advisory businesses faces significant hurdles but other firms could follow

Benzinga

Big 4 Accounting Firm Ernst & Young Considers Separating Audit and Advisory Businesses: WSJ

Big Four accounting firm Ernst & Young is considering a global split of its audit and advising businesses amid regulatory scrutiny of potential conflicts of interest in the profession,

The Guardian - UK

EY plans to spin off audit business in shake-up for industry

Move follows series of high-profile corporate collapses including Carillion and BHS

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Axios

The world's car buyers are ready to go electric

More than half of global buyers say their next car will be electric.

Birmingham Post

16 Midlands business leaders in the running for Entrepreneur of the Year UK title

The regional finalists will now go on to compete for the UK title

Benzinga

Telos Registers 10% Revenue Decline In Q1; Reaffirms FY22 Guidance

Telos Corp (NASDAQ:TLS) reported a first-quarter FY22 revenue decline of 10% year-on-year to $50.2 million. Services revenue declined 7.6% Y/Y to $48.1 million. The gross margin expanded by 1,160 bps to 37.6%. Adjusted EPS loss was $(0.01). Telos generated $0.25 million in operating cash flow in the quarter and held $120.2 million in…

Birmingham Post

Listed: Bosses at EY, Diageo, BBC, PwC among 29 of the UK's most powerful part-time workers

The 2022 Power List by flexible working agency Timewise highlights people who are building their careers while working part time

The Guardian - AU

Ask the experts: what’s the future of Australia’s EV landscape?

Electric vehicles will become the norm in Australia, but when? Our panel of experts discusses what the future of driving looks like.

The Independent UK

GCHQ deputy directors on new list highlighting successful part-time workers

Part-time workers come from a skilled and vital pool of talent, a report says.

ABC News

'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing

Australia's big four banks — ANZ, CBA, NAB and Westpac — now hold a whopping $1.87 trillion in home loans, and raked in big profits as Australians took on massive home loans.

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