Latest News - Assurance and Accounting
UK government kick-starts EU audit implementation, takes up 10+10 rotation option
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
HLB International has added six member firms to its network.. read more
PrimeGlobal adds five member firms
PrimeGlobal has admitted five member firms to its association.. read more
KPMG UK expands competition economics practice
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
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
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
