Three of the Big Four Support Delay to U.K. Results, EY Cautious

Three of the Big Four accounting firms are backing calls by U.K. regulators for large companies to delay financial reporting as the new coronavirus pandemic throws business into chaos.

In statements Monday to Bloomberg Tax, all but EY endorsed the idea that companies needed more time to consider the impact of Covid-19 before releasing their preliminary financial results for the year. On March 21, the Financial Conduct Authority wrote to all U.K.-listed companies asking them to hold off on announcing results for at least two weeks.

“We support this announcement by the FCA,” Hemione Hudson, PwC’s head of audit, ...