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Latest News - Assurance and Accounting

Improved corporate reporting needed to boost infrastructure investments

  • Published: 25 Jun 2014

Traditional financial statements do not give investors the long term focus they need in their decision making, and improvements to corporate.... read more

FRC audit inspection continue to expose reoccurring threats

  • Author: Ana Gyorkos
  • Published: 28 May 2014

The inspection of UK firm audits has shown that there are still persistent concerns over auditor independence, fees, IT systems and audits of banks.... read more

Moore Stephens International acquires US firm

  • Author: IAB editorial
  • Published: 19 May 2014

Moore Stephens International member firm Carr, Riggs & Ingram (CRI) has acquired Tampa-based firm Auditwerx, which will merge as a CRI division.. read more

BDO US expands in Texas

  • Author: IAB editorial
  • Published: 15 May 2014

BDO US has taken on the staff and partners from Fort Worth based firm Hartman Leito & Bolt, effective 1 June. read more

Analysis: Alibaba flotation throws lifeline in US-China rift

  • Author: Isabella Grotto
  • Published: 14 May 2014

Excitement is mounting for Chinese-based e-commerce giant Alibaba’s listing in New York later this year. As the regulatory audit oversight.... read more

Big Four win right to petition for review on Chinese firms ban

  • Author: Carlos Martin Tornero
  • Published: 12 May 2014

The US Securities and Exchange Commission (SEC) has granted the petition for review issued by the Big Four, whereby the accounting firms aim to.... read more

Bank of America makes accounting error

  • Author: Vincent Huck
  • Published: 6 May 2014

A few days before its shareholders annual meetings, the Bank of America announced a $4bn downward revision of its previously disclosed regulatory.... read more

Auren aims for greater recognition on the international stage

  • Author: Vincent Huck
  • Published: 1 May 2014

Auren International wants to capitalise on its recent admission to the Forum of Firms (FoF) to become a serious alternative to the big firms at.... read more

Baker Tilly UK needs to be more responsive to AQR findings: FRC

  • Author: Jonathan Minter
  • Published: 17 Apr 2014

A UK Financial Reporting Council (FRC) audit quality review (AQR) of Baker Tilly UK found half the audit’s required “significant improvements”.. read more

Baker Tilly UK opts for RSM International

  • Author: Ana Gyorkos
  • Published: 15 Apr 2014

Baker Tilly UK is to join RSM International, several months after it bought major parts of troubled RSM Tenon in a pre-pack deal.. read more

EU audit reform creates potential for regulatory divergence: IFAC

  • Author: Jonathan Minter
  • Published: 7 Apr 2014

The International Federation of Accountants (IFAC) has predicted that certain aspects of the EU audit reform voted through the European Parliament.... read more

Watershed moment for auditor’s report reform: Doty

  • Author: Jonathan Minter
  • Published: 4 Apr 2014

The Public Company Accounting Oversight Board (PCAOB) chairman James Doty has described the PCAOB’s proposed standards on the auditor’s reporting.... read more

EU audit reform: Why is the profession concern about implementation?

  • Author: Vincent Huck
  • Published: 3 Apr 2014

Most of the provisions included in the EU audit reform passed this morning by the European Parliament (EP), will overwrite national law of member.... read more

Profession raises concerns over EU audit reform implementation

  • Author: Vincent Huck
  • Published: 3 Apr 2014

Firms, professional bodies and regulators have welcomed the vote from the European Parliament on the long awaited audit reform, arguing that it.... read more

European Parliament votes in favor of audit reform

  • Author: Vincent Huck
  • Published: 3 Apr 2014

The European Parliament today passed the EU audit reform with 332 votes in favor, 253 against and 26 abstentions. read more

European Parliament ready to vote audit reform

  • Author: Vincent Huck
  • Published: 2 Apr 2014

The European Parliament (EP) will vote tomorrow on the proposed EU audit reform agreed in trialogue negotiations between representatives of the.... read more

Diversity and inclusion initiative launched to tackle UK profession talent gap

  • Author: Vincent Huck
  • Published: 2 Apr 2014

A consortium of firms and accountancy bodies has launched today an initiative aimed at tackling the UK profession’s talent gap by giving every.... read more

Malaysian auditors warned over poor record keeping

  • Author: Jonathan Minter
  • Published: 31 Mar 2014

Malaysian audit practitioners have been exposed for their lack of proper audit document and working paper keeping, according to the Malaysian.... read more

US audit executives under increasing compliance burden

  • Author: Ana Gyorkos
  • Published: 26 Mar 2014

US chief audit officers have been under increased compliance burden, struggling to add strategic value through internal audit and maximize on the.... read more

Mid-tier get taste of EU bank audits via banking sector review

  • Author: Vincent Huck
  • Published: 27 Feb 2014

As the European Central Bank (ECB) comprehensive assessment of the European banking sector progresses, the mid-tier firms told the International.... read more

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