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Latest News - Assurance and Accounting

UK FTSE350 underprepared for audit rotation rules

  • Author: Ana Gyorkos
  • Published: 4 Apr 2016

Three in five FTSE350 companies are yet to prepare a full strategic plan around audit rotation rules, which is due to take effect in June 2016,.... read more

What about the culture of the auditor?

  • Author: Vincent Huck
  • Published: 24 Nov 2015

Earlier this month and as a follow up to its 10th year anniversary event, the Audit Quality Forum (AQF) organised a panel discussion on whether.... read more

Syria’s only status quo

  • Author: Vincent Huck
  • Published: 23 Nov 2015

As Syria’s turmoil shows no sign of slowing down, businesses and professional service firms hold tight in the hope that peace will come back, while.... read more

Russian firms brace themselves for wave of accountancy body mergers

  • Author: Vincent Huck
  • Published: 26 Oct 2015

As a consequence of a law passed by the Russian government last December, and currently being implemented, Russia’s self-regulated audit institutes.... read more

Dutch MoF Dijsselbloem: Auditors have to change their corporate culture

  • Author: Vincent Huck
  • Published: 25 Sep 2015

The Netherlands Minister of Finance Jeroen Dijsselbloem has told auditors that politicians and regulators had taken the first step for the.... read more

Tempest in a teapot at PKF Uganda?

  • Author: Vincent Huck
  • Published: 8 Sep 2015

PKF Uganda managing partner Charles Oguttu has dismissed claims that the firm was on the verge of collapse following a dispute between auditors.. read more

Grant Thornton UK students sign up to new audit qualification

  • Author: Vincent Huck
  • Published: 27 Aug 2015

Thirty five Grant Thornton UK students have signed up for the new integrated qualification (IQ) in audit created by the Institute of Chartered.... read more

UK FRC launches investigation into RSM Tenon and KPMG

  • Author: IAB
  • Published: 5 Aug 2015

The UK Financial Reporting Council (FRC) has announced an investigation into the auditors of insurance technology provider Quindell Plc, for.... read more

Singapore Airlines seeks first change of auditors in four decades

  • Author: Vincent Huck
  • Published: 1 Jul 2015

In a letter to their shareholders, Singapore Airlines has proposed the appointment of KPMG as its new external auditor to replace EY, their.... read more

PwC UK loses third major audit client in a month

  • Published: 4 Jun 2015

PwC UK has received yet another blow as department store chain John Lewis announced the firm will be replaced by Big Four competitor KPMG UK.. read more

Quashing conventional wisdom about outsourcing

  • Author: Vincent Huck
  • Published: 3 Jun 2015

A recent survey by Grant Thornton has found that while conventional wisdom might suggest typical outsourcers to be small businesses looking for.... read more

Burundi: local firms beneficiate from a small market and language barrier

  • Author: Vincent Huck
  • Published: 29 May 2015

Pailles, Mauritius/London. The president of Burundi's accountancy professional body, Frederic Gahungu, told International Accounting Bulletin that.... read more

Smaller companies' audit quality continues to suffer

  • Author: Isabella Grotto
  • Published: 29 May 2015

The UK's Financial Reporting Council (FRC)'s annual audit quality review (AQR) has found the audits of smaller clients are far more likely to.... read more

Greek profession at a standstill as Grexit looms

  • Published: 26 May 2015

As Greece is immersed in seemingly unfruitful negotiations with its creditors, the accounting sector finds itself trapped in a motionless market.... read more

Turkey: Surge in audit opportunities challenged by fee pressure

  • Author: Isabella Grotto
  • Published: 22 May 2015

Fee pressure is threatening the benefits of a sudden influx of audit-seeking clients into the Turkish market, the International Accounting.... read more

FRC review of audit firm governance code finds room for improvement

  • Author: Isabella Grotto
  • Published: 21 May 2015

An assessment by the UK's Financial Reporting Council (FRC) of the 2010 audit firm governance code has praised its successes, but suggested more.... read more

Tesco changes auditor in light of accounting scandal

  • Published: 11 May 2015

Tesco is ending its 23 year relationship with auditor PwC following a £263m accounting scandal that hit the UK grocer last year.. read more

Kreston International adds Tanzanian member

  • Author: IAB editorial
  • Published: 6 May 2015

Kreston International has added a new member in Dar es Salaam, Tanzania.. read more

PwC forensic report on oil revenues unveils Nigeria’s demons

  • Published: 6 May 2015

PwC’s forensic audit report over the allegedly missing $20bn from Nigeria’s national oil company was made public raising serious questions on the.... read more

HLB launches global Russian Desk

  • Published: 6 May 2015

HLB International members have launched a Global Russian Desk to support Russian companies abroad as well as foreign companies operating in Russia.... read more

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