Search Results for: KPMG
Hackers Probing the Financial System Show Reason to Worry
October 31st, 2014
Hackers are testing the financial system’s cyber defenses, and they can boast of some alarming success. Let’s start with what we know. JPMorgan Chase & Co. says a breach of its computer systems exposed the personal information of 76 ...
Ireland Considers changes on Corporate Tax
October 13th, 2014
Multinational companies are bracing for their last serving of the “Double Irish.” Ireland is expected on Tuesday to announce changes to its tax code that could eventually close one of the world’s most famous corporate-tax loopholes, dubbed the Double ...
Two more audits choose Big Four
October 3rd, 2014
Two more listed companies have changed auditors. Safestore Holdings, which runs 97 self-storage units in the UK, has swapped its Big Four firms. Deloitte has been chosen to replace PwC as Safestore’s auditors. PwC has served as its auditors ...
EY issues emphasis of matter note on Co-op Bank
August 22nd, 2014
EY’s first public act as auditor of the Co-operative Bank has been to place an emphasis of matter paragraph into its interim statement review. The Big Four firm, which replaced KPMG as the bank’s auditors earlier this year, said ...
New rule will soon be adopted for audit
August 14th, 2014
A new rule that will require accounting firms to disclose the names of individual partners who work on company audits could be adopted as soon as September, the top U.S. audit watchdog said Wednesday. The rule proposed by the ...
India Sets Norms to Open $20 Billion REIT Market
August 11th, 2014
India approved the setting up and listing of real estate investment trusts as the nation seeks to unlock a $20 billion market. The trusts, or REITs, will have to own assets worth at least 5 billion rupees ($82 million), ...
EY wins £2m Sage audit contract
July 28th, 2014
EY has won the audit contract for Sage, following a tender of the £2m deal. PwC will step down after completing accounts work to 30 September 2014, bringing its 26-year audit relationship with the FTSE 100 software business to ...
FinCEN named FBME Bank Ltd as a foreign financial institution of primary money laundering
July 25th, 2014
On July 17 FinCEN issued a press release taking action to Protect U.S Financial System. On that date, FinCEN named FBME Bank, which transacts 90 percent of its global banking business through branches in Cyprus, as a foreign financial institution ...
Just 6% of companies switched auditors ahead of incoming rules
July 14th, 2014
Just one in twenty (6%) of companies has changed its auditor ahead of compulsory audit tender rules coming into effect in October. Research from Bloomsbury Professional found just under 3,000 businesses with a turnover of more than £6.25m switched ...
Macquarie drawn into Commonwealth Bank financial planning row; ASIC undertaking
July 8th, 2014
Macquarie Group’s private wealth unit has been accused of not co-operating with the Senate committee that delved into unethical financial planning practices at the Commonwealth Bank of Australia. Inquiry chairman Labor senator Mark Bishop said Macquarie had similar “systematic ...
