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...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...Should the professional service firm be sentenced to pay damages to Wirecard shareholders, it could shift its existing audit business into the new entity and declare the old one insolvent, he warned....
...The decision highlights how Britain’s professional services industry is grappling with tighter rules concerning the hiring of overseas workers....
...It comes as EY’s strategy and transactions division — one of the firm’s four main business lines — struggles in a weak deals market....
...The Big Four firm told nearly 100 graduate employees last week that they would not be eligible for promotion in July in line with normal practice and would instead remain on the graduate scheme until January...
...It is also working on a shorter-range hydrogen-powered aircraft expected to enter service in 2035....
...Last year, professional services companies Deloitte and KPMG advised some of their staff to use burner phones when visiting Hong Kong....
...“The bottom line is that in these kinds of circumstances you want to avoid any appearance of a conflict of interest....
...“Somewhere along the way, lawyers have stepped over the red line.”...
...Boeing burnt through almost $4bn of cash in the first quarter after it slowed down production lines and paid $443mn in compensation to aircraft customers in the aftermath of a mid-air accident on one of...
...The sharp decline in attrition is a phenomenon across professional services firms and around the world, compounding the effect of a slowdown from the post-pandemic boom in advisory work on digital services...
...services industry has swung to historic lows....
...It follows a broader trend in professional services....
...Apas, the watchdog, last year concluded that EY violated its professional duties “during the audits of Wirecard and Wirecard Bank from 2016 to 2018”....
...PwC’s Middle East operation, which forms part of its UK business, is poised to play a key role in electing the next leader of one of Britain’s largest professional services firms....
...Two years ago, the City’s professional services firms couldn’t hold on to their staff. Now, they can’t get rid of them....
...The latest round of job cuts — which comes on top of about 350 made last year — will hit its consulting operations, but PwC stressed that all lines of business including support functions would be affected...
...Then, there is the market opportunity in terms of the services consultants can provide....
...Richard Moriarty, chief executive of the Financial Reporting Council, said on Tuesday that there were “serious gaps” in its regulatory toolkit and asked for more powers to bring it in line with watchdogs...
...“For instance, in investment banking and investment management, we have seen a change within IT where AI is being used increasingly as the first line of support for help desk functions.”...
...Last year the financial services industry accounted for £5.86bn of the market, the report found....
...Japan Transport Safety Board’s investigation is running in parallel with a police probe into possible professional negligence....
...The bond is akin to a bank guarantee or line of credit....
...United said after the FAA’s announcement that it was preparing its aircraft to return to scheduled service on Sunday. Additional reporting by Steff Chávez in Chicago...
...However, McNeil said that as the door was only being opened to professionals, “the bar is still too high”....
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