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Companies aware of sustainability but failing to plan: E&Y

  • Author: TA editorial
  • Published: 10 May 2013

Ernst & Young US reports that companies are recognising the links between sustainability and risk management but are failing to make sustainability.... read more

Tax avoidance a lost battle says PAC

  • Author: Carlos Martin Tornero
  • Published: 26 Apr 2013

HM Revenue & Customs (HMRC) is fighting a “battle it cannot win” against tax avoidance, due to the influence of Big Four firms on the UK tax.... read more

PwC critical of CC’s provisional findings

  • Author: IAB editorial
  • Published: 26 Mar 2013

PwC UK has found "serious failures of due process" with the UK Competition Commission's evaluation of primary facts in relation to the statutory.... read more

HSBC puts its audit contract out to tender

  • Author: Ana Gyorkos
  • Published: 7 Mar 2013

HSBC, the UK's largest bank by asset base, has put its audit contract out to tender in order to comply with the UK Financial Reporting Council's.... read more

SEC allowed to pursue Deloitte China over Longtop documents

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

A US federal judge has allowed the US Securities and Exchange Commission (SEC) to continue its attempts to obtain audit documents from Deloitte.... read more

CC report explains provisional findings

  • Author: Ana Gyorkos
  • Published: 27 Feb 2013

Last week’s summary of the provisional findings into the statutory audit market concentration by the UK Competition Commission (CC) has been backed.... read more

PCAOB domestic firm inspections show encouraging results

  • Author: IAB editorial
  • Published: 25 Feb 2013

The US Public Company Accounting Oversight Board (PCAOB) found a reduced rate of reported “significant audit performance deficiencies” among.... read more

CC provisional findings split the profession

  • Author: Ana Gyorkos
  • Published: 22 Feb 2013

The long-awaited provisional findings of the UK Competition Commission (CC) have generally pleased mid-tier networks and caused concern among the.... read more

UK audit market not serving shareholders: CC provisional findings

  • Author: IAB editorial
  • Published: 22 Feb 2013

The competition in the UK audit market is restricted by factors which inhibit companies from switching auditors and by the tendency for auditors to.... read more

FRC takes no action against E&Y over Lehman audit

  • Author: IAB editorial
  • Published: 29 Jan 2013

The UK Financial Reporting Council (FRC) has concluded that no action will be taken against Ernst and Young (E&Y) concerning the audit of Lehman.... read more

Deloitte restructures China operations

  • Author: IAB editorial
  • Published: 14 Jan 2013

Deloitte China has restructured to become a limited liability partnership replacing its former joint venture, the model traditionally chosen by.... read more

KPMG auditors charged over the audit of collapsed US bank

  • Author: Carlos Martin Tornero
  • Published: 10 Jan 2013

The US Securities and Exchange Commission (SEC) has charged two KPMG US auditors of improper professional conduct in relation to the audit work of.... read more

Sino-Forest shareholders dispute proposed settlement

  • Author: IAB editorial
  • Published: 3 Jan 2013

Some shareholders of collapsed Chinese timber company listed in Canada, Sino-Forest, have opposed the proposed settlement by the company’s auditors.... read more

FRC files Formal Complaint against William Rollason

  • Author: Peter Johnstone
  • Published: 11 Dec 2012

The Financial Reporting Council (FRC) has filed a Formal Complaint against ICAEW qualified former European Home Retail plc (EHR) chief executive.... read more

Big Four call for China - US oversight agreement

  • Author: IAB editorial
  • Published: 4 Dec 2012

The Big Four firms have called for a prompt diplomatic solution to the dispute between the US Securities and Exchange Commission (SEC) and Chinese.... read more

SEC steps up China audit work paper dispute

  • Author: Ana Gyorkos
  • Published: 4 Dec 2012

The US Securities and Exchange Commission (SEC) has began administrative procedures against all Big Four firms in China, as well as BDO China, for.... read more

Juri struggles to agree on audit reform

  • Author: IAB editorial
  • Published: 29 Nov 2012

A meeting of the European Parliament Committee on Legal Affairs (Juri) revealed conflicting amendments to the draft audit market regulation.... read more

Mary Schapiro to step down as SEC chairman

  • Author: TA editorial
  • Published: 27 Nov 2012

Mary Schapiro will step down as chairman of the US Securities and Exchange Commission (SEC) on 14 December, after nearly four years in the job.. read more

PCAOB meeting: panellists clash over audit rotation

  • Author: Carlos Martin Tornero
  • Published: 25 Oct 2012

Mandatory rotation of auditors was rejected by a majority of panellists at a meeting of the Public Company Accounting Oversight Board (PCAOB) last.... read more

CC delays preliminary findings report

  • Author: IAB editorial
  • Published: 18 Oct 2012

The UK Competition Commission (CC), currently investigating concentration in the statutory audit market, has pushed back the publishing of its.... read more


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