Auditing News

• October 25, 2011 E&Y Shaping Future Business Leaders Ernst & Young has launched EYAcademy (EYA) to develop “socially responsible future business leaders”. The structured program is open for first year students in the finance and business related ...
• October 24, 2011 IPSASB Consults on the Reporting of Service Performance Information The International Public Sector Accounting Standards Board (IPSASB) has published Consultation Paper Reporting Service Performance Information, which aims to present a principles-based approach to developing a consistent ...
• October 24, 2011 Most CFOs Want Auditor Rotation Nearly nine in 10 UK CFOs support the frequent rotation of auditors. This is an approach supported in the European Commission’s green paper on audit and could lead to audit-only firms. The research, by ...
• October 21, 2011 Big Four welcome Competition Commission referral AUDITORS have welcomed the referral of the audit market to the Competition Commission by the Office of Fair Trading. The OFT referral has a particular emphasis on large company audits in the UK. The decision to make a ...
• October 17, 2011 EBA Publishes Follow-up Review of Banks' Transparency in their 2010 Pillar 3 Reports The European Banking Authority (EBA) has published its follow-up review of bank’s transparency in their 2010 Pillar 3 reports. This report continues a body of work carried out on an annual basis since 2008 by the ...
• October 17, 2011 KPMG Completes Optimum Acquisition Big Four firm KPMG said it has completed its previously announced acquisition of Optimum Solutions, a provider of consulting and implementation services to users of Oracle’s enterprise software. KPMG said the ...
• October 14, 2011 PwC Recovers More for Lehman Creditors PwC has recovered a further £2bn of cash and assets on behalf of creditors of Lehman Brothers International Europe (LBIE) in the last six months according to the firm’s third annual progress report on the ...
• October 13, 2011 PCAOB Proposal Would Bring Greater Transparency to Public Company Audits  The Public Company Accounting Oversight Board (PCAOB) voted to issue for public comment proposed amendments to its standards that would bring greater transparency to public company audits. The proposal would require ...
• October 12, 2011 PCOAB Proposes Amendments to Improve Transparency for Public Company Audits The US Public Company Accounting Oversight Board (PCAOB) has proposed amendments to its standards that are designed to improve transparency in public company audits. The proposed amendments include requirements to disclose ...
• October 12, 2011 Japan and US Regulators enter into an Exchange of Letters The Public Company Accounting Oversight Board of the United States (PCAOB) has entered into a cooperative agreement with the Japan Financial Services Agency (JFSA) and Certified Public Accountants and Auditing Oversight ...