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Latest News - Assurance and Accounting

South African institute to fund independent inquiry into KPMG staff’s conduct

  • Author: Vincent Huck
  • Published: 19 Oct 2017

The South African Institute of Chartered Accountants (SAICA) has announced it will fund an independent inquiry into the alleged misconduct of.... read more

EY UK and senior partner sanctioned over Tech Data audit misconduct

  • Author: Stephanie Wix
  • Published: 16 Oct 2017

EY UK and its senior statutory auditor and engagement partner Julian Gray have been fined and sanctioned after admitting misconduct over the audit.... read more

FRC provides advice on preparing 2017/2018 annual reports

  • Author: Stephanie Wix
  • Published: 13 Oct 2017

The Financial Reporting Council (FRC) has written to companies highlighting key areas for improvement when preparing annual reports for 2017/2018.... read more

South Africa loses the top spot in global rankings for auditing standards

  • Author: Stephanie Wix
  • Published: 12 Oct 2017

South Africa has lost the top spot in its strength of auditing and reporting standards in the World Economic Forum Global Competitiveness Report of.... read more

Use of carbon pricing in business plan on the rise globally

  • Author: Stephanie Wix
  • Published: 12 Oct 2017

Applying a monetary value to carbon emissions is being increasingly taken into account by major multinationals, according to a research by.... read more

Mazars releases assurance guidance on human rights disclosures

  • Author: Stephanie Wix
  • Published: 3 Oct 2017

Mazars and human rights non-profit company Shift have released guidance to help internal auditors and external assurance practitioners to assess.... read more

Legal experts say there are no excuses when it comes to climate related disclosure

  • Author: Stephanie Wix
  • Published: 28 Sep 2017

When it comes to climate risk reporting silence is the most dangerous option according to a report by legal experts from the Commonwealth Climate.... read more

KPMG South Africa management resigns

  • Author: Vincent Huck
  • Published: 15 Sep 2017

KPMG South Africa CEO Trevor Hoole and COO Steven Louw along with other senior executives and partners have handed their resignation as KPMG tries.... read more

European commission releases baseline report for monitoring the impact of new statutory audit regulation

  • Author: Vincent Huck
  • Published: 14 Sep 2017

The European Commission has published a report looking at the impact of the new statutory audit regulation throughout the EU which found that the.... read more

South African campaign group calls on businesses to drop KPMG as auditor

  • Author: Vincent Huck
  • Published: 13 Sep 2017

The Save South Africa campaign, a civil society group which was actively involved in recent revelations on the PR agency Bell Pottinger, has called.... read more

South African shareholders reject more auditor reappointments

  • Author: Vincent Huck
  • Published: 13 Sep 2017

There have been significant increases in votes against auditors’ reappointment at more than a quarter of annual general meetings, according to the.... read more

PwC to audit BBC equal pay

  • Author: Stephanie Wix
  • Published: 7 Sep 2017

PwC will audit the British Broadcasting Corporation’s (BBC’s) staff pay in one of three reviews that are being conducted after criticism over its.... read more

EY reports 6% growth in global revenues

  • Author: Stephanie Wix
  • Published: 6 Sep 2017

EY has announced global revenues of USD $31.4bn for the financial year ending 30 June 2017, up 6% from FY 16 figures.. read more

CIIA publishes updated guidance on risk management in UK financial services

  • Author: Stephanie Wix
  • Published: 5 Sep 2017

The UK Chartered Institute of Internal Auditors (CIIA UK) has released guidance on how financial institutions in the UK should manage risks in an.... read more

EU companies late on implementing biggest shake up of data protection laws

  • Author: Stephanie Wix
  • Published: 4 Sep 2017

General Data Protection Regulation (GDPR) will come into force in the European Union (EU) member states on 25 May 2018, affecting the way in which.... read more

The UK becomes the 20th country to exchange tax reports with the USA

  • Author: Stephanie Wix
  • Published: 1 Sep 2017

The UK and USA governments have agreed to exchange tax information from multinational enterprises in country by country reports (CBCR).. read more

East African Wild Life Society looking for external auditor

  • Author: Sarajuddin Isar
  • Published: 30 Aug 2017

The East African Wild Life Society (EAWLS) has called for submission of profiles and proposals for provision of external audit services for a three.... read more

Malaysia introduces audit exemptions

  • Author: Stephanie Wix
  • Published: 29 Aug 2017

The Companies Commission of Malaysia (CCM) has released a directive setting out the category and criteria for audit exemption. The practice.... read more

PwC pulls out of African Cup of Nations engagement

  • Author: Vincent Huck
  • Published: 25 Aug 2017

An inspection to the 2019 Africa Cup of Nations hosts Cameroon has been postponed by the Confederation of African Football after PwC withdrew from.... read more

French institute of directors’ publication supports integrated reporting but calls for improvement

  • Author: Stephanie Wix
  • Published: 18 Aug 2017

Integrated reporting is gradually gaining a foothold in France, however, content of the reports produced is far from perfect particularly from the.... read more

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