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Latest News - Assurance and Accounting

Revised audit reporting standards improves transparency and corporate reporting, finds ACCA

  • Author: Stephanie Wix
  • Published: 15 Mar 2018

Updated auditor reporting standards have improved quality of information for investors, governance and financial reporting, according to a report.... read more

IFIAR report seeks further improvement in audit engagements

  • Author: Stephanie Wix
  • Published: 14 Mar 2018

The International Forum of Independent Audit Regulators (IFIAR) has published its sixth inspection findings report, which surveyed its members’.... read more

PwC takes the top spot from Deloitte in FTSE 250 audit table

  • Author: Stephanie Wix
  • Published: 7 Mar 2018

In the first quarter of 2018 PwC has overtaken Deloitte by taking the top spot in the FTSE 250 audit rankings after adding six clients, totalling.... read more

KPMG Luxembourg becomes approved verifier of Climate Bonds Standard

  • Author: Vincent Huck
  • Published: 6 Mar 2018

KPMG Luxembourg has received the approved verifier status from the Climate Bonds Initiative, under the Climate Bond standards and Certification.... read more

Deloitte USA to pay $149m fine for mortgage lender audits

  • Author: Stephanie Wix
  • Published: 2 Mar 2018

Deloitte has agreed to pay a $149m settlement to the USA Justice Department over independent audits from 2002 to 2008 for failed mortgage lender.... read more

EY and KPMG in front of Antillean Court in separate cases

  • Author: Stephanie Wix
  • Published: 22 Feb 2018

The joint court of Caribbean countries and municipalities of the Netherlands, the Antillean Court of Justice, has stated that EY should likely pay.... read more

Auditors’ role in tackling financial crime

  • Published: 20 Feb 2018

Accountancy Europe has released frequently asked questions explaining the role of the auditor in tackling financial crime, the legal basis of their.... read more

ACCA calls for open and honest debate about quality of audit

  • Published: 15 Feb 2018

The Association of Chartered Certified Accountants (ACCA) has published a guide, ‘Tenets of a quality audit’ highlighting the features that a.... read more

EFAA launch survey on audit and alternatives to audit

  • Published: 14 Feb 2018

The European Federation of Accountants and Auditors (EFAA) has launched a survey on audit and alternatives to audit for European small and.... read more

UK MPs on Carillion collapse: Big Four feasted on soon to be carcass

  • Author: Vincent Huck
  • Published: 13 Feb 2018

The UK’s Work and Pension Committee has published the responses of the Big Four to their queries on each of the firms’ involvement with Carillion.... read more

Three countries in contention to host World Congress of Accountants in 2022

  • Author: Vincent Huck
  • Published: 7 Feb 2018

Austria, France and India have each put forward a bid to host the World Congress of Accountants in 2022, The Accountant and International.... read more

With Carillion’s downfall eyes and fingers turn to KPMG, Deloitte and the UK FRC

  • Author: Stephanie Wix
  • Published: 24 Jan 2018

The UK public services construction company Carillion has collapsed following financial losses where external auditors KPMG and internal auditors.... read more

RSM Tenon fined £1m over Quindell audit work

  • Author: Stephanie Wix
  • Published: 24 Jan 2018

The UK Financial Reporting Council (FRC) has fined audit firm Arrandco Audit, formerly RSM Tenon, £1m (USA $1.4m) for audit failures at insurance.... read more

Christopher Tower appointed to the advisory group of the PCAOB

  • Published: 24 Jan 2018

BDO USA managing partner for audit quality and professional practice Christopher Tower has been appointed to the Standing Advisory Group (SAG) of.... read more

Former PCAOB and KPMG USA staff charged for leaking inspection information

  • Author: Stephanie Wix
  • Published: 24 Jan 2018

The USA Securities and Exchange Commission (SEC) have charged six public accountants, including three former employees of the Public Company.... read more

Hong Kong to adopt independent audit oversight regime

  • Author: IAB and TA editorial
  • Published: 23 Jan 2018

The Hong Kong government has gazetted a proposed reform which if enacted would make the local Financial Reporting Council (FRC) the regulator of.... read more

South African regulator extends independent investigation into KPMG

  • Author: Stephanie Wix
  • Published: 15 Jan 2018

The South African regulator, the Independent Regulatory Board for Auditors (IRBA), has extended its investigation into the KPMG audits of Linkway.... read more

PwC hit with two year audit ban after decade long fraud battle with Indian capital markets regulator

  • Author: Stephanie Wix
  • Published: 11 Jan 2018

The Securities Exchange Board of India (SEBI) has barred all PwC members and entities from issuing audit certificates to any listed company in.... read more

Netherlands’ regulator faces criticism after courts overrule sanctions

  • Author: Stephanie Wix
  • Published: 8 Jan 2018

The Dutch regulator, the Authority for the Financial Markets (AFM), must change its oversight of the profession as its investigations are not.... read more

AGN International and DFK International form strategic alliance

  • Author: Vincent Huck
  • Published: 8 Jan 2018

AGN International and DFK International have formed a strategic alliance, entitled Global Connect, with the aim to formalise client referrals.... read more

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