Court papers show FutureSelect invested about $200 million Ernst & Young failed to serve as a gatekeeper for a Washington investment firm that sank millions of dollars into Bernard Madoff’s ... Read More
The Securities and Exchange Commission today charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations that occurred when two Grant Thornton Mauritius ... Read More
Firm launches innovative digital annual report PwC, the professional services firm, has today (14 September) reported revenue growth of 10 percent to £3,083 million for the year ended 30 ... Read More
Audits play a fundamental role in the capital market system, and Deloitte’s latest survey of more than 250 financial statement preparers, audit committee members and financial statement users reveals ... Read More
A company’s audited financial statements are among the many pieces of information investors consider when they evaluate where to allocate resources. But news releases, company presentations, additional information in ... Read More
Field testing of a proposed expansion of the auditor’s report suggests the new requirements will produce a new crunch in the closing phase of the audit, and auditors will ... Read More
Rather than divulge every worry that kept them up at night during an audit, some auditors feel that they should limit their reporting of “critical audit matters” to the ... Read More
Mismanagement at China Investment Corp., the nation’s $575 billion sovereign wealth fund, led to overseas investment losses that could widen, according to the National Audit Office. A dereliction of ... Read More
A new PCAOB standard will require auditors to probe more deeply into related-party deals, unusual transactions and executive pay. Citing “decades of financial reporting frauds,” the Public Company Accounting ... Read More
The long-standing auditors of pie and sandwich chain Greggs have retained their role after a tender. KPMG has served as Greggs’ auditors since the retailer listed on the London ... Read More
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