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ABB to propose KPMG as external auditor from 2018

ABB announced today that its Board intends to appoint KPMG as its external auditor effective for the financial year 2018. This decision was taken following a year-long comprehensive external auditor tender process initiated in 2016 in line with international good governance practices. The ... Read More

Accounting class action lawsuits rise to highest level since 2008

Securities class action filings with accounting allegations rose to 93 in 2016, 33 percent above the previous year and the fourth consecutive annual increase, according to a new report ... Read More

RSM announces 13 partner promotions

RSM International, branded RSM, a multi-national network of accounting firms, has issued an announcement to inform that it is promoting 13 new partners across the UK firm. There will ... Read More

Former lead partner of PwC Brazil fined for Audit failures

The Public Company Accounting Oversight Board (PCAOB) today announced sanctions against a former partner of PricewaterhouseCoopers Auditores Independentes in Brazil for audit failures and violations of PCAOB rules and ... Read More

Accountants in small and midsize practices around the world face staffing and tech challenges

Accountants working in small- and medium-sized practices (SMPs) around the world are facing heightened staffing challenges, according to the latest IFAC Global SMP Survey results. While attracting new clients, ... Read More

Does the CPA Profession Fall Short on Ethics?

More than a decade ago, shortly before news broke of the accounting scandals at Enron, WorldCom, and other industry majors, about 600 CPAs participated in a survey about ethics ... Read More

PwC’s partnering with tech startup incubator Codebase

PwC is putting its weight behind technology startups, partnering with the UK’s biggest incubator. The professional services giant will support Scotland’s Codebase, which is home to more than 80 ... Read More

PwC in US sued for MF Global’s Collapse

MF Global, PwC Blame Each Other for MF Global’s Collapse The trial between PwC, one of the world’s largest accounting firms, and the bankrupt brokerage MF Global gets underway. ... Read More

PKF International Network signed a new firm

It has been a successful start to the year for PKF International, with the signing of Frazier & Deeter LLC, one of the top 100 firms of Certified Public ... Read More

Ford posts Q4 net loss on accounting shift

After posting a fourth-quarter net loss mainly because of accounting changes, Ford Motor Co. finished 2016 with a $10.4 billion pre-tax profit, down slightly from record results in 2015. ... Read More
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