Auditing News

• 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 ...
• October 12, 2011 Ernst & Young Faces Suit Anew Accounting firm Ernst & Young is facing another suit in relation to the collapse of Lehman Brothers during the 2008 financial crisis, this time filed by New Jersey officials. On December 2010, New York State ...
• October 11, 2011 Lessons Still not Learned from Enron LIKE ME, you've probably noticed how hard governments and regulators around the world are working to assure us that their reforms to the banking system will protect us against the type of wide scale corporate failure that ...
• October 11, 2011 Quarter of New KPMG Partners are Women KPMG has seen a significant increase in the number of women in its senior management teams. In the UK, 29 new partners and 88 new directors have been appointed from within the firm. A quarter (24%) of the new partners ...
• October 11, 2011 Should Deloitte Shanghai Appear in US Court Over Longtop Fraud? US Judge Asks The Securities and Exchange Commission has asked a US judge to order Shanghai-based Deloitte Touche Tohmatsu CPA Ltd. to show up in a U.S. Court for shrugging its shoulder on a demand for documents related to the probe of ...
• October 10, 2011 Big Four Audit Split: Numbers Don’t Stack up THE DRAFT European Commission paper on audit reform has provoked widespread hand-wringing and hair-tearing, with most stakeholders convinced internal markets chief Michel Barnier is thirsty for Big Four blood. ...
• October 7, 2011 Chartered Accountants Given Special Provisions Under Swiss Deal ACCOUNTANTS who are members of professional body are given specific statutory provisions under the UK-Swiss agreement, which was signed yesterday. The deal gives UK residents with Swiss accounts the choice of making a ...
• October 6, 2011 Accountants Disciplined over Audit Governance TWO ACCOUNTANTS have been disciplined by the ICAEW for failing to properly govern clients who provided a large proportion of their firms' audit fees. A Jasani of Jasani & Co, and Kiran Shah of Henderson & Co, ...
• October 6, 2011 ICAEW Warns Law Society Against Restricting MDPs ICAEW CHIEF EXECUTIVE Michael Izza has written to the Law Society warning the legal representative body against restricting solicitors from working in multi-disciplinary practices (MDPs). In the letter to Law Society ...
• October 5, 2011 Deloitte Survey Reveals Optimism The UK’s entrepreneurs performed well last year and are optimistic about their future prospects, despite the current economic instability, according to research by Deloitte. The firm’s survey of nearly 500 e ...