Hints and tips:
Related Special Reports
...South East Water, which is under investigation by Ofwat for service failures, declined to comment on the letter....
...amid a slowdown in demand for some of their services....
...The Insolvency Service and Quantuma said the matter had been reported to the Information Commissioner’s Office, which has powers to prosecute alleged breaches of UK data regulations....
...Thierry Breton, the EU’s internal markets commissioner, said: “Any company found not to be compliant [with the DMA] will face strong sanctions.”...
...Two allies — John Garvey, PwC’s global financial services leader, and Julien Courbe, global chief client officer — had their management roles taken away at the same time, according to internal communications...
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...Company insiders fear the loss of revenue could reduce funding to the lottery’s 12 associated charities, which totalled £1.8bn in the year to the end of March 2023....
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...The Internal Revenue Service had temporarily stopped sending postal reminders to pay overdue tax bills, and as many as 4.7mn taxpayers could have been affected....
...UBS’s Americas wealth business generated just $4 of profit for every $100 of revenue in the final quarter of 2023....
...The deal was one of several recent examples of buyout firms investing in the professional services industry....
...That breaks a four-quarter streak of declining revenue....
...But thousands of clients were locked out of their accounts and service centres were overwhelmed after 12mn clients and 50bn individual data sets were moved to a different IT system....
...Red Bull Technology, which includes the Formula One team, reported revenue of more than £385mn in 2022 and pre-tax profit of more than £15mn, driven by income from commercial partners....
...Untold resources would have to be devoted to creating systems for Americans to appraise their illiquid assets and for the Internal Revenue Service to then defend those assessments....
...A case in point: Moore Global, a global network of more than 200 mid-size accounting firms with annual revenue that rose 15 per cent last year to $4.5bn, said more than half its revenue growth in 2023 came...
...But Brooge subsequently had two Big Four auditors resign, restated tens of millions of dollars of improperly booked revenue from a related party and became subject to an examination of its financial statements...
...The auditors of large US companies are required not just to sign off on the annual figures themselves but also on the internal controls and systems that a company used to produce them....
...or revenue streams for the business....
...To see why this is required look at Disney’s sports network ESPN, one of the biggest puzzles in media. It generates about $16bn of annual revenue and $3bn to $4bn of ebitda....
...In some cases, brokers say, companies have been able to buy insurance to cover more than $1bn of tax payments in the event they lose a dispute with the US Internal Revenue Service....
International Edition