Four partners leave EY after independence rule breach on Shell audit
Big Four firm set to be replaced by PwC on lucrative contract after compliance error
Big Four firm set to be replaced by PwC on lucrative contract after compliance error

Exit comes after oil major said in July that lead partner had exceeded period allowed under rotation rules

Big Four accounting firm has improved profitability in Britain as it recovers from series of scandals

Deloitte, EY, KPMG and PwC bosses strive to protect profits amid slowing revenues

Dutch arms of Deloitte, PwC and EY pay total of $8.5mn after ‘hundreds’ of staff shared answers on internal tests

Financial Reporting Council to examine firm’s adherence to independence rules in 2024 audit

Move comes as buyout groups, attracted by cash flows and a market ripe for consolidation, snap up mid-tier accountants