KPMG slapped with $50m fine over past audit work

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

2y 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

3y Alia Shoaib, Reporter

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

6y 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

7y 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

7y 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

7y 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

7y 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

7y 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

7y 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

8y Rachael Singh, Writer

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

8y Rachael Singh, Writer

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

8y Rachael Singh, Writer

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

8y Rachael Singh, Writer

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

8y Rachael Singh, Writer

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

8y 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

8y Rachael Singh, Writer

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

8y 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

8y Rachael Singh, Writer

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

8y Rachael Singh, Writer

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

8y 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

9y 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

9y 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

9y 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

9y 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

9y Rachael Singh, Writer

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

9y Rachael Singh, Writer

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

9y Rachael Singh, Writer

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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