Latest News
Auditors suffer when they issue negative opinions
Auditors get a bad reputation when they do their job properly according to new research. In a report being presented at the American Accounting.... read more
SEC charges investment banking analyst with insider trading
The Securities and Exchange Commission has charged an analyst at a large international investment bank with insider trading based on confidential.... read more
KPMG removes UK Head of Financial Services Consulting over misconduct allegations
KPMG has confirmed that Tim Howarth, partner and UK Head of Financial Services Consulting and Risk Consulting within the firm’s consulting division.... read more
Deloitte, Clyde & Co facing allegations over relationship to Barclays
Jason Schofield is suing two joint administrators at Deloitte, Clare Boardman and Matt Smith, together with the firm’s legal adviser Clyde & Co for.... read more
PwC resigns as Staffline auditor
PricewaterhouseCoopers LLP has resigned as Staffline Group's auditor with effect from 1 August 2019. In its letter of resignation, PwC confirmed.... read more
Increasing delays in UK local government audits
The number of delayed audit opinions in local government has risen sharply this year. Figures compiled by Public Sector Audit Appointments (PSAA) ,.... read more
M&C Saatchi takes £6.4m charge on accounting review
Creative agency M&C Saatchi is taking a one-off exceptional charge of £6.4m to its 2019 results following an internal accounting review of several.... read more
Goals confirms focus on former CFO Gow and former CEO Rogers
Following press speculation, Goals Soccer Centres has confirm that actions undertaken by Bill Gow and Keith Rogers while employees and directors of.... read more
Investor revolt reaches trigger threshold at Investec
South African investment group Investec faced a shareholder revolt at the AGM held on 8 August. Shares in the dual-listed firm are quoted on the.... read more
Audit ban in India a step closer for Deloitte, KPMG
The prospect of a five-year ban from statutory audit has moved closer for Deloitte Haskings & Sells and KPMG-affiliate BSR & Associates following a.... read more
IHG to switch to PWC for audit
London-listed InterContinental Hotels Group PLC (IHG) has chosen to switch auditors and has appointed PWC as statutory auditor for the year to.... read more
Former PCAOB inspections leader jailed for stealing confidential info
Cynthia Holder, a former Public Company Accounting Oversight Board (PCAOB) inspections leader and director at KPMG has been sentenced to eight.... read more
Reliance Capital board fires back at PwC
Following a board meeting on 8 August 2019, Reliance Capital released a statement to the National Stock Exchange of India saying that it noted the.... read more
KPMG withdraws CannTrust audit reports
In a statement to the Toronto and New York Stock Exchanges on 9 August 2019 CannTrust Holdings revealed that the company's independent auditor,.... read more
Is the UK three months away from recession?
Figures released by the UK Office of National Statistics show UK gross domestic product (GDP) falling by 0.2% in Q2 (April to June) 2019, having.... read more
Grant Thornton appoints Jim Peko to lead US national advisory services practice
Grant Thornton LLP has named Jim Peko as the US national managing principal of its advisory services practice. In this role, he will oversee the.... read more
DoJ brief claims harassment in Trump v Mazars
On 6 August 2019, the US Department of Justice (DoJ) filed an amicus brief in Trump v Mazars, President Trump’s lawsuit challenging the subpoena by.... read more
BDO NI updates on Harland and Wolff, says there is commercial interest
BDO Northern Ireland reports a number of parties have shown interest in taking on the failed Harland and Wolff shipyard. Brian Murphy and Michael.... read more
Coffee Day Enterprises hires EY to investigate
On 8 August 2019, the board of Indian firm Coffee Day Enterprises confirmed that it had appointed Ernst & Young LLP to investigate the.... read more
US firm Armanino accepts cryptocurrency payments
California-based Armanino LLP says it will now accept payment in more than 1,000 cryptocurrencies. Clients may pay for accounting and consulting.... read more
