Grant Thornton walks out on Sports Direct & more…Keep up to date with the latest accountancy news in our weekly round-up…

Deloitte UK partners in line for biggest payday in 10 years

Hundreds of partners at the UK arm of accountancy firm Deloitte are in line for their biggest payday in a decade despite widespread criticism of Britain’s big accounting firms and their substandard audit work.

SEC fines audit firm RSM $950,000 to settle independence violation claim

The US securities and Exchange Commission (SEC) said on Tuesday that it fined public accounting firm RSM US LLP $950,000 to settle claims it violated the agency’s auditor independence rules.

Grant Thornton walks out on Sports Direct and sparks crisis

Grant Thornton on Wednesday abruptly walked out as an adviser to Sports Direct, leaving the troubled leisure giant without an auditor and potentially forcing the Business Secretary to intervene.

KPMG ousts head of UK consulting unit after conduct probe

KPMG has forced out the head of one of its core businesses in Britain after an investigation into his conduct involving messages sent on WhatsApp.

Ineos replaces PwC with rival Deloitte

Ineos has replaced longstanding auditor PwC with Big Four rival Deloitte following a tax avoidance row that sparked tensions between the accountancy group and the UK’s largest private company.

Patisserie Valerie: Restructuring firm FRP to take over from KPMG

Patisserie Valerie creditors have appointed a new administrator, taking over from KPMG and increasing the chances of legal claims being brought against the failed chain’s auditor Grant Thornton.