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Latest News - Assurance and Accounting

UK government kick-starts EU audit implementation, takes up 10+10 rotation option

  • Author: Carlos Martin Tornero
  • Published: 18 Dec 2014

The UK Department for Business, Innovation and Skills (BIS) has started the debate on the options left by the EU audit reform by publishing a.... read more

FRC bank review shows improvement but concerns remain

  • Author: Isabella Grotto
  • Published: 2 Dec 2014

A review of the audits of 13 British banks and building societies by the UK's Financial Reporting Council (FRC) has found ten of the audits.... read more

Fee pressure still a top challenge in South Africa

  • Author: Isabella Grotto
  • Published: 25 Nov 2014

A sluggish economy and cash-poor clients have kept fee pressure at the top of the agenda for South Africa's professional service firms, according.... read more

KPMG and McLaren Group partner on audit technology

  • Author: Isabella Grotto
  • Published: 20 Nov 2014

KPMG has formed a strategy alliance with McLaren Group to integrate the technology provider's predictive analytics into its audit and advisory.... read more

Profession concerned over “too rosy” EU banks stress tests results

  • Author: Vincent Huck
  • Published: 31 Oct 2014

The European Central Bank’s (ECB) comprehensive assessment into the Eurozone’s biggest banks brought assurance to investors but leaves the.... read more

PCAOB inspection critical of KPMG US audits

  • Author: Isabella Grotto
  • Published: 28 Oct 2014

The US's Public Company Accounting Oversight Board (PCAOB) has condemned the quality of audits carried out by KPMG US in an inspection report.... read more

BDO China and BDO Hong Kong near integration

  • Author: Vincent Huck
  • Published: 16 Oct 2014

BDO International and BDO China have invested in a shareholding in BDO Hong Kong, effective 1 January 2015.. read more

PwC UK revenue up 5% to £2.8bn

  • Author: IAB
  • Published: 15 Sep 2014

PwC UK has reported an increase of £125m in its fee income to £2,814m ($4,576m) in the year to 30 June 2014.. read more

Rising expectations on internal auditors

  • Author: IAB and TA editorial
  • Published: 8 Sep 2014

Internal auditors in the financial services sector have seen their role and responsibilities strengthened in the past year, according to a report.... read more

Auren to enter Colombian market

  • Author: Carlos Martin Tornero
  • Published: 5 Sep 2014

Auren will integrate Colombian firm TH&R Consultores y Auditores within its international network, effective 13 October.. read more

Chinese Big Four firms granted more time to find settlement in SEC ban

  • Author: Steffen Muller
  • Published: 19 Aug 2014

The US Security and Exchange Commission (SEC) has again granted an extension to the court hearings on the six months ban prohibiting Big Four.... read more

FTSE 350 audit tenders set to double in 2014: PwC UK

  • Author: Ana Gyorkos
  • Published: 18 Aug 2014

Among the UK FTSE 350 there could be as many as 56 audit tenders in 2014, compared to 30 tenders in 2013 and 18 in 2012, according to PwC UK.... read more

Reanda International adds member firm in Taiwan

  • Author: IAB
  • Published: 24 Jul 2014

Reanda International has expanded its representation to Taiwan by adding Reanda M Y Wu & Co to its network.. read more

PwC looks to double the size of its African practice

  • Author: IAB
  • Published: 22 Jul 2014

PwC announced it will strengthen the ties between its UK and African practices and is ultimately looking at doubling the size of its practice in.... read more

EY partners with consultancy The Parthenon Group

  • Author: IAB
  • Published: 21 Jul 2014

EY has signed an agreement with global strategy consultant The Parthenon Group to combine operations worldwide, subject to the satisfaction of.... read more

HLB International admits six member firms

  • Author: IAB
  • Published: 18 Jul 2014

HLB International has added six member firms to its network.. read more

PrimeGlobal adds five member firms

  • Published: 17 Jul 2014

PrimeGlobal has admitted five member firms to its association.. read more

KPMG UK expands competition economics practice

  • Author: IAB
  • Published: 15 Jul 2014

KPMG UK has appointed Josh White as associate director to the firm’s competition economics practice.. read more

SEC and EY settle for $4m over auditor independence breach

  • Published: 15 Jul 2014

The Securities and Exchange Commission (SEC) has charged EY with violations of auditor independence rules, which has resulted in a settlement.... read more

EY first Big Four firm to offer assurance services in Myanmar

  • Author: Vincent Huck
  • Published: 1 Jul 2014

EY has added Burmese firm EY UTW to its network and as a result will be the first Big Four firm to offer assurance services in Myanmar.. read more

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