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Latest News - Assurance and Accounting

FEE calls for clarifications in EU audit reform directive and regulation

  • Author: Jonathan Minter
  • Published: 26 Feb 2014

The Federation of European Accountants (FEE) has called for clarifications on a number of items regarding the implementation phase of the audit.... read more

Anatomy of a fraudster: forensic accounting explained on campus

  • Author: Vincent Huck
  • Published: 18 Feb 2014

“We can all become fraudsters, it’s just a question of circumstances.” This will be the core message of Grant Thornton UK partner and forensic and.... read more

Audit needs to evolve to stay relevant: KPMG

  • Author: Jonathan Minter
  • Published: 6 Feb 2014

KPMG has called for the role of auditors to evolve or risk becoming less relevant to stakeholders, following a series of interviews with 16 KPMG.... read more

Tax authority audits too time consuming and expensive: KPMG

  • Author: IAB editorial
  • Published: 29 Jan 2014

A total of 43% of corporate tax executives feel tax examinations are too long and expensive, according to a KPMG poll.. read more

KPMG to pay SEC $8.2m for breaking auditor independence rules

  • Author: Jonathan Minter
  • Published: 27 Jan 2014

The US Securities and Exchange Commission (SEC) has charged KPMG US with violating audit independence rules for three audit clients at various.... read more

Juri passes trialogue agreement on EU audit reform

  • Author: Ana Gyorkos
  • Published: 21 Jan 2014

Following the agreement between the European Parliament, the Council of the European Union (EU) and the European Commission on the EU audit reform.... read more

KPMG UK Co-op Bank audits under FRC investigation

  • Author: Carlos Martin Tornero
  • Published: 20 Jan 2014

The UK Financial Reporting Council (FRC) is to pursue an investigation of KPMG UK’s audit work on the Co-operative (Co-op) Bank, which will focus.... read more

CC delays remedies implementation due to EU audit reform

  • Author: Ana Gyorkos
  • Published: 17 Jan 2014

The UK Competition Commission (CC) is to delay the implementation of the remedies for the UK audit market, which include 10 year mandatory.... read more

Profession braces for EU audit reform with mixed expectations

  • Author: Carlos Martin Tornero
  • Published: 19 Dec 2013

The favourable vote from a qualified majority of members of the Committee of Permanent Representatives (COREPER) has cleared one the final hurdles.... read more

EU gives green light to 10 years audit rotation

  • Author: Carlos Martin Tornero
  • Published: 18 Dec 2013

The Committee of Permanent Representatives (COREPER) has approved the agreement reached yesterday between the Lithuanian presidency of the Council.... read more

EU settles on 10 years mandatory audit rotation

  • Author: Vincent Huck
  • Published: 17 Dec 2013

A period of 10 years mandatory rotation is among the key elements of the agreement reached earlier today between the Lithuanian presidency of the.... read more

Profession remains cautious on EU preliminary agreement of audit reform

  • Author: Vincent Huck
  • Published: 17 Dec 2013

The accounting profession has welcomed the preliminary agreement between the Lithuanian presidency of the Council of the European Union (EU) and.... read more

Agreement reached on the EU audit reform

  • Author: Vincent Huck
  • Published: 17 Dec 2013

The Lithuanian presidency of the Council of the European Union (EU) and the European Parliament have agreed on the framework of the EU audit reform.... read more

FTSE 350 non-audit fees for auditors fall by a quarter

  • Author: Jonathan Minter
  • Published: 13 Dec 2013

Non-audit fees contributed 51.7% of the total audit fee for the average FTSE 350 company audit in 2013, a 24% drop on the 68% recorded in 2012,.... read more

PCAOB to review effects of non-audit services expansion: Doty

  • Author: Jonathan Minter
  • Published: 12 Dec 2013

The Public Company Accounting Oversight Board (PCAOB) is looking into the effects of audit firms expanding by offering more non-audit services,.... read more

World Bank calls for LLP status in South Africa

  • Author: Jonathan Minter
  • Published: 6 Dec 2013

The World Bank has called on South Africa to allow firms to organise as limited liability partnerships (LLP) in order to make the auditing.... read more

Fears of a rushed agreement emerge as EU audit reform nears end

  • Author: Vincent Huck
  • Published: 4 Dec 2013

The trialogue on the EU audit reform could result in a rushed agreement as early as tomorrow, which could potentially be “detrimental to the.... read more

Nexia adds member firms in Europe and the Caribbean

  • Author: IAB editorial
  • Published: 26 Nov 2013

Nexia International has added to its network two firms in Europe, Group Y and Consultativo, and two firms in the Caribbean, Cayman National Trust.... read more

The clock is ticking for EU audit reform

  • Author: Vincent Huck
  • Published: 25 Nov 2013

A report by the pan-European media network EuroActiv last week suggested the trilogue negotiations on the EU audit reform including.... read more

IFRS Foundation appoints Grant Thornton UK as auditor

  • Author: IAB and TA editorial
  • Published: 5 Nov 2013

IFRS Foundation has appointed Grant Thornton UK as its external auditor.. read more


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