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Latest News - Assurance and Accounting

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

PwC loses two large audit clients within a month

  • Published: 19 May 2015

After having its 23-year relationship with Tesco ended, PwC is to lose another major client to a Big Four competitor.. 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

MGI Europe adds firm in Belgium

  • Author: IAB editorial
  • Published: 29 Apr 2015

MGI has added Belgium firm Van Herck & Co Bedrijfsrevisoren (Van Herck )to its European association.. read more

DFK UK & Ireland appoints new chair and vice-chair

  • Published: 29 Apr 2015

DFK UK & Ireland has appointed Bob Law and Anne Brady as the new chair and vice-chair respectively of the DFK International’s UK national group.. read more

Countdown for Singapore’s new companies act

  • Author: Vincent Huck
  • Published: 15 Apr 2015

The Singaporean regulator, Accounting and Corporate Regulatory Authority (ACRA), has adopted a two phase implementation approach for the.... read more

Inter American profession launches Inter American Forum of Firms

  • Author: TA editorial
  • Published: 2 Apr 2015

The Interamerican Accounting Association has approved and launched the constitution of the Inter American Forum of Firms (IAFoF).. read more

There is more to accounting than book-keeping: ICAEW

  • Author: Isabella Grotto
  • Published: 12 Mar 2015

Accountants must become better at advertising services outside their standard provision if they are to retain clients, according to research by the.... read more

AICPA Outlook index, an unpleasant surprise or a good sign?

  • Author: Isabella Grotto
  • Published: 11 Mar 2015

Optimism among US certified public accountant (CPA) business leaders has slowed for the first time in two years, according to findings published.... read more

IFIAR reiterates concerns over global audit quality

  • Author: Vincent Huck
  • Published: 4 Mar 2015

Audit firms need to pursue initiatives to improve audit quality and the consistency of audit execution, the International Forum of Independent.... read more

Bank of England auditor reporting changes looming

  • Author: Isabella Grotto
  • Published: 3 Mar 2015

The Bank of England has requested that auditors of Britain's largest banks present it with written reports, while also assuming the power to issue.... read more

UK FRC concerned over Grant Thornton UK audits

  • Author: Vincent Huck
  • Published: 19 Feb 2015

Five out of the eight inspected Grant Thornton UK audits found to require improvements or significant improvements by the UK Financial Reporting.... read more

SMS Latinoamérica launches sustainability practice

  • Author: Vincent Huck
  • Published: 13 Feb 2015

SMS Latinoamérica has launched a sustainability practice for their clients across Latin America.. read more

PwC forensic audit takes centre stage in Nigeria’s general election

  • Author: Vincent Huck
  • Published: 4 Feb 2015

PwC has submitted its forensic audit report into billions of dollars of allegedly missing oil revenues by the Nigerian National Petroleum.... read more

Effectiveness of audit committees challenged by audit reforms

  • Author: Vincent Huck
  • Published: 26 Jan 2015

Audit committees from around the world are calling for better information around technology and greater diversity of thinking amongst committee.... read more

Deloitte subject to formal complaint by FRC over Aero scandal

  • Author: Isabella Grotto
  • Published: 12 Jan 2015

The UK's Financial Reporting Council (FRC) has filed a formal complaint against Deloitte UK in relation to the audit of Aero Inventory, an aviation.... read more

FRC to investigate PwC UK over Tesco accounting blunder

  • Author: Isabella Grotto
  • Published: 22 Dec 2014

The UK's Financial Reporting Council (FRC) has launched an investigation into the work of PwC as external auditor to Tesco, as the accounting.... read more


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