Auditing News

• February 21, 2012 KPMG Wins Islamic Finance Award KPMG has been named as best assurance and advisory firm at the Euromoney Islamic finance awards 2012. Now in its tenth year, this is the fifth consecutive occasion that the firm has received the accolade. In ...
• February 17, 2012 Big Four Appeal Creates Auditor Shortage The appeal of the Big Four is creating a dearth of skilled audit candidates for small and medium sized firms, says recruitment specialist Badenoch & Clark. According to the recruitment consultant’s monthly ...
• February 15, 2012 Deloitte Succeeds E&Y as Auditors of Property Group HEALTHCARE property group Assura has appointed Deloitte as auditors of its company and its subsidiaries. Following a competitive tender process Assura announced it would replace Ernst & Young with Deloitte. ...
• February 10, 2012 VEB Sues Deloitte Over Ahold Fraud Deloitte - and 178 of its current and former partners – is being sued by Dutch shareholders' association VEB, over its involvement in Dutch retailer Ahold's multi-billion-euro accounting scandal. Ahold, owner of ...
• February 9, 2012 Lawson Urges Tougher Audit Reforms from Brussels A FORMER chancellor of the exchequer in the House of Lords has urged the European Commission to strengthen proposed legislation aimed at reforming the region's auditing industry. Lord Lawson(pictured left) said on ...
• February 9, 2012 E&Y to Pay £1.3m Penalty for Audit Failure Ernst & Young have been ordered to pay £1.3m ($2m) to settle charges following a disciplinary over three audits of a US company, Medicis Pharmaceutical Corporation. The order follows a consultation, stemming ...
• February 8, 2012 EC Under Fire from Lords over Audit Proposal A senior European Commission director faced a grilling by members of the House of Lords yesterday over its proposals to reform the way in which audits are carried out, and how audit firms are run. In a heated ...
• February 8, 2012 Ernst & Young to Pay $2M to Settle Audit Failure Charges The Public Company Accounting Oversight Board has imposed a $2 million civil penalty against Ernst & Young, the largest civil money penalty to date in the PCAOB’s 10-year history, and censured the firm for audit ...
• January 27, 2012 BDO Joins Forces with Guernsey Firm BDO HAS ACQUIRED Guernsey-based firm BDO Limited, which has particular expertise in audit and financial services. International firm BDO bought the largest independent accountancy firm on the island which specialises in ...
• January 26, 2012 KPMG Hopeful of Ginding Peacock Buyer KPMG – the administrators of the Peacocks clothing chain – says it is hopeful of finding a buyer for all, or part of, the business after experiencing ‘huge interest’ in the company. Peacocks went i ...