Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Deloitte and the Autonomy audits
The UK Financial Reporting Council fined Deloitte for shortcomings in professional skepticism relating to audits of Autonomy's financial statements before Hewlett-Packard acquired the company.
2020
PwC and Sonangol conflict allegations
PwC faced allegations that its simultaneous audit and consulting roles connected with Sonangol created a potential conflict of interest, illustrating continuing concerns about the breadth of services supplied by major audit networks.
2018
Carillion audit controversy
KPMG faced criticism over its audit work for Carillion before the company's collapse. The case became part of broader UK scrutiny of audit quality, auditor skepticism and the concentration of major audits among the Big Four.
2001
Enron and Arthur Andersen
Arthur Andersen's audit relationship with Enron and the destruction of documents connected with the engagement led to criminal proceedings, severe client losses and the collapse of the network as a major competitor. The episode also intensified debate about auditor independence and the structure of the accounting profession.