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Regulatory sanctions round-up: KPMG USA and PwC fined $6.2m and £5.1 by the SEC and the FRC respectively

  • Author: Stephanie Wix
  • Published: 16 Aug 2017

KPMG USA has been fined by the USA SEC $6.2m over audit failures of an oil and gas company whilst PwC has paid a £5.1m (USD $6.5m) fine to the UK.... read more

EY CEO Mark Weinberger criticised for not quiting Trump’s advisory forum

  • Author: Vincent Huck
  • Published: 16 Aug 2017

EY CEO Mark Weinberger has received increased calls to quit the USA president Donal Trump’s strategy and policy forum over the USA president.... read more

Mid-tier firms top ranking of auditors by fees for UK charities

  • Author: Vincent Huck
  • Published: 14 Aug 2017

Crowe Clark Whitehill has topped the latest Charity Financials Audit League Table which ranks UK audit firms by fees received from clients in the.... read more

EY launch a tax technology group to help clients tackle technology and transparency

  • Author: Vincent Huck
  • Published: 11 Aug 2017

EY has announced the creation of a group of 1,000 tax technology and performance improvement professionals from member firms from around the globe.... read more

Most of the information used by investors doesn’t come from the audited financial statement, Canadian audit regulator finds

  • Author: Vincent Huck
  • Published: 11 Aug 2017

The Canadian Public Accountability Board (CPAB) has releases a summary of the key messages that came out of its audit quality symposium revealing.... read more

Accounting CEOs joins CEOs from other sectors to commit to advance diversity

  • Author: Stephanie Wix
  • Published: 4 Aug 2017

Two hundred and seventy CEOs from the accounting industry as well as other sectors have joined forces in a commitment to advance diversity and.... read more

Johannesburg listed company Sygnia drops KPMG over state capture allegations

  • Author: Vincent Huck
  • Published: 2 Aug 2017

Sygnia, an investment management company listed on the Johannesburg Stock Exchange with a market value of R 1.4bn (US$ 105.4m) has dropped KPMG as.... read more

Accountancy profession coy about UK Chancellor post Brexit tax remarks

  • Author: Vincent Huck
  • Published: 31 Jul 2017

UK chancellor Philip Hammond’s remarks to a French newspaper about not wanting to turn the UK into a tax haven after Brexit, contradicting a.... read more

PCAOB sanctions and censures Crowe Horwath Hong Kong

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

The Public Company Accounting Oversight Board (PCAOB) has sanctioned a disciplinary order against Hong Kong-based audit firm Crowe Horwath (CHHK).... read more

EY and KPMG tapping into the certification of climate change bonds

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

Climate bonds are increasingly being certified, but while all the Big Four firms are approved verifiers under the Climate Bond Standard, so far.... read more

Former EY staff joins Nasdaq’s board

  • Author: Sarajuddin Isar
  • Published: 26 Jul 2017

Nasdaq has elected John D. Rainey as a member to its board of directors.. read more

PwC under regulatory scrutiny in the UK and Ukraine

  • Author: IAB editorial
  • Published: 25 Jul 2017

The UK Financial Reporting Council (FRC) has extended its investigation into PwC’s audit of Redcentric as it now will be looking into the conduct.... read more

KPMG investigated by South African regulator

  • Author: Sarajuddin Isar
  • Published: 21 Jul 2017

South Africa regulator, the Independent Regulatory Board for Auditors (IRBA) has announced earlier this month that it would launch an investigation.... read more

Accountants shouldn’t exploit tax regulation loopholes, Accountancy Europe opines

  • Author: Vincent Huck
  • Published: 20 Jul 2017

Accountants shouldn’t devise and promote tax planning structures or arrangements that are designed to achieve a different result than what is.... read more

European countries are the most ready to manage distributive change, KPMG index finds

  • Author: Vincent Huck
  • Published: 20 Jul 2017

European countries dominate the top 10 of countries most ready to manage disruptive change, according to KPMG International 2017 change readiness.... read more

South African Institute finds new auditor’s report more informative and transparent

  • Author: Sarajuddin Isar
  • Published: 18 Jul 2017

The South African Institute of Chartered Accountants (SAICA) has published a report providing an overview and analysis of the first batch of.... read more

Professionals welcome UK government’s delay of Making Tax Digital but concerns remain

  • Author: Stephanie Wix
  • Published: 18 Jul 2017

The UK Government has delayed its plans for the digital transformation of the tax system (MTD) after professional bodies, businesses and MPs raised.... read more

BT abandons PwC after fraud humiliation to appoint KPMG as auditor

  • Author: Stephanie Wix
  • Published: 8 Jun 2017

BT has replaced PwC with KPMG as its auditor following a fraud scandal at BT Italy in January which wiped £8bn off the company’s market value.. read more

CAQ highlights CPAs role in addressing cybersecurity risks

  • Author: Rahman Aziz
  • Published: 1 Jun 2017

The centre for audit quality (CAQ) has released a new white paper highlighting the role of the audit profession in tackling cybersecurity risks.. read more

Fraud policies: Asia-Pacific employees confused about what is expected of them

  • Author: Rahman Aziz
  • Published: 31 May 2017

Employees in Asia-Pacific were to work for organisations compliant with anti-fraud, anti-bribery and anti-corruption policies, but they are.... read more


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