KPMG slapped with $50m fine over past audit work
Audit

KPMG slapped with $50m fine over past audit work

5y Tom Lemmon

KPMG slapped with $50m fine over past audit work

KPMG has agreed to pay a $50m penalty after the American Securities and Exchange Commission (SEC) charged the firm with altering past audit work after...

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Former KPMG partners charged over PCAOB data leaks
Audit

Former KPMG partners charged over PCAOB data leaks

6y Idris Nagri

Former KPMG partners charged over PCAOB data leaks

Former PCAOB employees allegedly leaked confidential data to KPMG to help it pass audit inspections Read More...

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IASB pledges to maintain ‘strong’ bilateral relationship with FASB
Accounting Standards

IASB pledges to maintain ‘strong’ bilateral relationship with FASB

9y Richard Crump , Writer

IASB pledges to maintain ‘strong’ bilateral relati...

IASB vice-chairman Ian Mackintosh heralds achievements of convergence project at AICPA conference Read More...

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US and China commit to cross-border audit inspections
Audit

US and China commit to cross-border audit inspections

10y Richard Crump , Writer

US and China commit to cross-border audit inspecti...

US audit watchdog expects to conduct inspections of mainland Chinese audit firms by the end of the year Read More...

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SEC suspends ex-Deloitte risk officer over audit work
Accounting Firms

SEC suspends ex-Deloitte risk officer over audit work

10y Richard Crump , Writer

SEC suspends ex-Deloitte risk officer over audit w...

Former Deloitte & Touche chief risk officer suspended from auditing public companies for two years Read More...

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Big Four China units appeal US audit ban
Audit

Big Four China units appeal US audit ban

10y Richard Crump , Writer

Big Four China units appeal US audit ban

Big Four Chinese affiliates appeal SEC ruling barring them from auditing US listed companies Read More...

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China hits back over Big Four US audit ban
Audit

China hits back over Big Four US audit ban

10y Richard Crump , Writer

China hits back over Big Four US audit ban

Chinese securities regulator expressed "deep regret" over SEC decision to ban Big Four from auditing Chinese companies listed on US stock exchange Re...

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SEC judge suspends Big Four China units
Audit

SEC judge suspends Big Four China units

10y Richard Crump , Writer

SEC judge suspends Big Four China units

Judge calls for Chinese affiliates of Big Four to be barred from working for any US-listed Chinese companies for six months Read More...

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SEC bans accountancy firm over failed Chinese company audits
Audit

SEC bans accountancy firm over failed Chinese company audits

10y Richard Crump , Writer

SEC bans accountancy firm over failed Chinese comp...

Sherb & Co audits of three US-listed Chinese companies were "riddled with failures" SEC investigation finds Read More...

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Ex-KPMG partner enters plea agreement to fraud
Accounting Firms

Ex-KPMG partner enters plea agreement to fraud

11y Idris Nagri

Ex-KPMG partner enters plea agreement to fraud

Scott London enters plea agreement over his role of insider trading while auditor at KPMG US Read More...

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Ex-KPMG auditor’s co-conspirator pleads guilty
Accounting Firms

Ex-KPMG auditor’s co-conspirator pleads guilty

11y Idris Nagri

Ex-KPMG auditor’s co-conspirator pleads guilty

Bryan Shaw has pleaded guilty to insider-trading, alongside ex-KPMG partner Scott London Read More...

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Ex-KPMG partner charged over insider trading
Legal

Ex-KPMG partner charged over insider trading

11y Idris Nagri

Ex-KPMG partner charged over insider trading

Former KPMG partner charged and released on bail for insider trading in the US. KPMG chairman and CEO says the firm is also planning legal action Read...

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FBI investigates ex-KPMG partner over allegations of leaked data
Accounting Firms

FBI investigates ex-KPMG partner over allegations of leaked data

11y Idris Nagri

FBI investigates ex-KPMG partner over allegations ...

FBI investigate former KPMG partner over allegations he leaked information relating to his audit work at Herbalife and Skechers Read More...

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SEC grilled over its Deloitte China legal case
Accounting Firms

SEC grilled over its Deloitte China legal case

11y Idris Nagri

SEC grilled over its Deloitte China legal case

Magistrate grills SEC attorney over rules it used to subpoena Deloitte China attorney Read More...

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Autonomy under investigation by SFO, HP claims
Accounting Firms

Autonomy under investigation by SFO, HP claims

11y Richard Crump , Writer

Autonomy under investigation by SFO, HP claims

The SFO joins the US Department of Justice and the FRC in investigating allegations that "accounting improprieties" at Autonomy caused HP to overpay f...

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Deloitte and SEC to battle it out in court over Chinese audit
Accounting Firms

Deloitte and SEC to battle it out in court over Chinese audit

11y Idris Nagri

Deloitte and SEC to battle it out in court over Ch...

Deloitte requests judge throw out SEC case to force it to reveal documents of audit of Chinese IT company Read More...

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Big Four caught in US v China audit argument
Audit

Big Four caught in US v China audit argument

11y Richard Crump , Writer

Big Four caught in US v China audit argument

SEC accuses Chinese affiliates of Big Four and BDO of breaking securities laws by withholding audit paperwork Read More...

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Deloitte backs its audit of Autonomy
Audit

Deloitte backs its audit of Autonomy

11y Idris Nagri

Deloitte backs its audit of Autonomy

Deloitte defends Autonomy audit following details of accounting misrepresentations and improprieties at the technology company that have come to light...

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KPMG conducted due diligence of Deloitte audit at Autonomy
Audit

KPMG conducted due diligence of Deloitte audit at Autonomy

11y Idris Nagri

KPMG conducted due diligence of Deloitte audit at ...

HP CEO tells analysts the IT business called in KPMG to conduct due diligence work on Deloitte’s audit of financial statements at Autonomy Read More...

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IFRS adoption will eventually happen, US investors tell ACCA
Accounting Standards

IFRS adoption will eventually happen, US investors tell ACCA

11y Richard Crump , Writer

IFRS adoption will eventually happen, US investors...

It will take four and a half years for most US companies to be ready for IFRS, investors tell ACCA Read More...

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SEC launches accounting probe of Deloitte audit client
Audit

SEC launches accounting probe of Deloitte audit client

12y Richard Crump , Writer

SEC launches accounting probe of Deloitte audit cl...

Securities and Exchange Commission launches investigation into possible accounting irregularities at New Oriental Education & Technology Group Read Mo...

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IFRS's quality not tarnished by US delay, says ICAEW
Accounting Standards

IFRS's quality not tarnished by US delay, says ICAEW

12y Richard Crump , Writer

IFRS's quality not tarnished by US delay, says ICA...

ICAEW backs IASB's global convergence project despite lack of a US decision on adoption of IFRS Read More...

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IASB takes swipe at SEC delay over IFRS
Accounting Standards

IASB takes swipe at SEC delay over IFRS

12y Richard Crump , Writer

IASB takes swipe at SEC delay over IFRS

IASB trustees chairman Michael Prada unimpressed by SEC dithering over IFRS adoption Read More...

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SEC decision over IFRS kicked into the long grass
Accounting Standards

SEC decision over IFRS kicked into the long grass

12y Richard Crump , Writer

SEC decision over IFRS kicked into the long grass

US SEC still not set on a timetable to converge with global reporting standards. Its report will not contain recommendation on whether to move fully t...

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PCAOB founding member retires
Accounting Standards

PCAOB founding member retires

12y Idris Nagri

PCAOB founding member retires

Nearly ten years on since the introduction of Sarbanes Oxley accounting watchdog founding member retires Read More...

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US watchdog recruits federal government auditor
Audit

US watchdog recruits federal government auditor

12y Idris Nagri

US watchdog recruits federal government auditor

PCAOB hires MD of Government Accountability Office, in a move investors believe will stem tougher requirements on audit firms Read More...

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US audit watchdog hopes for China deal in 2012
Audit

US audit watchdog hopes for China deal in 2012

12y Idris Nagri

US audit watchdog hopes for China deal in 2012

Watchdog wants to hash out an agreement with China over joint audit inspections before the end of the year Read More...

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