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Latest News - Assurance and Accounting

News brief: Frazier & Deeter joins PKF International

  • Author: Stephanie Wix
  • Published: 31 Jan 2017

PKF International has signed Frazier & Deeter, one of the top 100 firms of Certified Public Accountants (CPAs) in the US, to its global network.. read more

News brief: Praxity Global Alliance reports 8% revenues increase

  • Author: Stephanie Wix
  • Published: 31 Jan 2017

Praxity Global Alliance has said its global revenues increased to US$4.75bn, a 7.8% year on year increase for ten consecutive years, a record high.... read more

FSA publishes draft audit firm governance code

  • Author: Stephanie Wix
  • Published: 30 Jan 2017

Japan’s Financial Services Agency (FSA) has published a draft audit firm governance code consisting of five principles and related guidance for.... read more

News brief: Accounting scandals roundup of BT Group, Tesco, Morgan Stanley and Citigroup

  • Author: Stephanie Wix
  • Published: 27 Jan 2017

A roundup of todays accounting scandals including the profits dip of BT, lawsuits and accelerated audit tender, Tesco's new lawsuit, and Morgan.... read more

IESBA completes first major phase of Code of Ethics restructure

  • Author: Stephanie Wix
  • Published: 27 Jan 2017

Restructuring the international Code of Ethics enters its final stage as its first phase is completed, announced the International Ethics Standards.... read more

News Brief: EU audit rules implementation state of play released

  • Author: Stephanie Wix
  • Published: 27 Jan 2017

An updated state of play has been presented by Accountancy Europe, six months after the implementation deadline, showing 31 European countries.... read more

Wilkins Kennedy refused Harlequin appeal

  • Author: Stephanie Wix
  • Published: 26 Jan 2017

The Court of Appeal has denied top 20 UK firm Wilkins Kennedy permission to appeal its £9m damages payment over its scandal with Harlequin. This.... read more

BT restates revenue loss following KPMG independent review

  • Author: Stephanie Wix
  • Published: 25 Jan 2017

Following an accounting scandal in its Italian business, BT Group has announced a write down of £530m ($661m) on its balance sheet.. read more

Big Four merry go round in Spain

  • Author: IAB
  • Published: 23 Jan 2017

KPMG in Spain hired a team of 70 consultants from fellow big four firm EY who were working on advisory projects for listed energy company Gas.... read more

EU Commission publishes a study on green bond calling for greater standardisation

  • Author: Vincent Huck
  • Published: 12 Jan 2017

The EU commission has published a study on green bonds which looked at the extending the accounting and disclosure requirements of green bonds to.... read more

News brief: Belarus adopts IFRS and IAS

  • Author: Sarajuddin Isar
  • Published: 6 Jan 2017

Belarus has adopted IFRS and IAS effective 1 January 2017.. read more

Sustainability reporting and corporate governance round up

  • Author: IAB and TA editorial
  • Published: 16 Dec 2016

Latest news in sustainability reporting and corporate governance. read more

TCFD recommendations for climate related disclosure released

  • Author: Sarajuddin Isar
  • Published: 16 Dec 2016

The Task Force on Climate-related Financial Disclosures (TCFD) has published its first set of recommendations, which focuses on voluntary,.... read more

APM grow in popularity but still lack comparability, Mazars’s study finds

  • Author: IAB editorial
  • Published: 14 Dec 2016

Following the entry into force of the ESMA Guidelines for presenting Alternative Performance Measures (APM) last July, Mazars has conducted a study.... read more

CAQ calls for a robust conversation on non-GAAP financial measures

  • Author: IAB editorial
  • Published: 14 Dec 2016

The Center for Audit Quality (CAQ) said that non-GAAP financial measures can provide useful insights about a company and called on a robust.... read more

Grant Thornton UK launches cyber security audit service in partnership with Lewis Silkin

  • Author: IAB editorial
  • Published: 14 Dec 2016

Grant Thornton UK has partnered with commercial law firm Lewis Silkin to launch a data and cyber security audit service.. read more

FEE celebrates 30th years anniversary with a rebranding and change in leadership

  • Author: Sarajuddin Isar
  • Published: 8 Dec 2016

The Federation of European Accountants (FEE) has rebranded into Accountancy Europe and welcomed a new president.. read more

Deloitte Brazil first Big Four to admit violating quality control standards to the PCAOB

  • Author: Rahman Aziz
  • Published: 6 Dec 2016

Deloitte Brazilian member firm, Deloitte Touche Tohmatsu Auditores Independentes, will pay a record $8m civil penalty to settle charges including.... read more

Audit fees rise in the USA according to survey

  • Author: Sarajuddin Isar
  • Published: 5 Dec 2016

Annual audit fees increased by 3.2% in the USA in 2015, according to a survey.. read more

FRC to investigate KPMG and PwC

  • Author: IAB and TA editorial
  • Published: 28 Jun 2016

The UK Financial Reporting Council (FRC) has launched two major investigations related to audit work of two of the Big Four firms, KPMG and PwC.. read more


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