Latest News
Whatsapp scandal rumbles on at KPMG
Two senior financial consultants have left KPMG barely three weeks after their boss Tim Howarth left the firm following an investigation into his.... read more
Rising cost of indemnity insurance could hit challengers
In the wake of a number of audit scandals, the cost of professional indemnity insurance (PII) for accountants and auditors has risen sharply in the.... read more
Deloitte appointed manager of Inter-Pacific Group debt restructuring
Singapore’s High Court has appointed Deloitte as interim judicial manager for Inter-Pacific Group Pte (IPG). The appointment follows two months.... read more
Bombay High Court puts stay on banning auditors
The Bombay High court has granted interim relief to Deloitte and BSR & Associates, putting a temporary halt on the Indian Ministry of Corporate.... read more
Grant Thornton back under spotlight over Patisserie Holdings
In its latest interim report on the status of Patisserie Holdings before handing off its job of administrator to liquidators from FRP Advisory,.... read more
AICPA: Outlook for US economy dimming
Business executives hold their least optimistic view of the US economy in three years, in part due to trade concerns and fears of a sustained.... read more
EY reports record global revenues of $36.4bn, up 4.6%
EY is the first of the Big Four to report global results. Revenues for the year to end-June 2019 rose by 4.6 per cent across the firm. Notably,.... read more
SEC, CFTC penalise Options Clearing Corp. over risk management policies
The Securities and Exchange Commission and the Commodity Futures Trading Commission have announced that the Options Clearing Corporation (OCC) will.... read more
Andrew Burns appointed as CIPFA Associate Director
Andrew Burns has joined the Chartered Institute of Public Finance and Accountancy (CIPFA) in the part-time advisory role of Associate Director for.... read more
Ghana watchdog hands out first-ever fines over audit failings
For the first time since it was established in 1963, Ghana’s accounting and auditing watchdog, the Institute of Chartered Accountants (ICAG) has.... read more
UAE management accountancy salaries more than double MEA average
The IMA (Institute of Management Accountants) 2019 UAE Salary Survey shows how professional certification has a clear and definite impact on.... read more
MHA launches National Training Academy in UK
MHA has launched its own National Training Academy to provide technical and professional skills training to the 2,200 staff in its eight member.... read more
BDO’s second office in Liverpool to add 150 jobs
BDO plans to open a second office in Liverpool, UK, in October – barely a year after expanding its existing operations in the city. The firm now.... read more
Record £7.8m fine in UK money laundering crackdown
A UK business that breached money laundering regulations has been hit with a record fine by HMRC. West London money transmitter Touma Foreign.... read more
EY replaces Grant Thornton at Pantheon International
EY is to become auditor for FTSE250 listed private equity investment group Pantheon International from 2020. Grant Thornton has been the company's.... read more
PwC Luxembourg to accept payment in bitcoin
PwC Luxembourg is stepping further into blockchain and crypto-assets by accepting Bitcoin payments from its clients with effect from 1 October.... read more
Bischoff: Audit costs won’t come cheap
Outgoing head of the UK Financial Reporting Council Sir Win Bischoff has warned that companies must be prepared to pay more for higher quality.... read more
SMS Latinoamérica joins pilot programme on integrated reports
SMS Latinoamérica is joining a programme being run by the International Integrated Reporting Council on the implementation of the IR framework by.... read more
GRI opens ASEAN Regional Hub in Singapore
A new GRI Regional Hub has officially opened in Singapore, to serve the 10 countries of the Association of Southeast Asian Nations (ASEAN). The.... read more
Deloitte UK to double baby leave
Deloitte UK is doubling paid leave from two to four weeks for any of the firm’s non-birthing parents – commonly known as paternity leave. Deloitte.... read more
