Financial and Accounting News

• June 22, 2023 Failures Shake KPMG's Dominance on Bank Audits Bloomberg questioned KPMG's reputation as a reliable bank auditor. KPMG, one of the leading members of the prestigious "Big Four" accounting firms, is facing a significant challenge to its dominance in bank ...
• May 5, 2023 New Data on US Companies and Industry Benchmarks We have updated the database of financial statements for the world's largest US-listed companies. These public companies regularly report to the SEC, which publishes their financial statements on its website. ...
• February 7, 2023 $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record Brazilian retailer Americanas SA has filed for bankruptcy protection after a $4 billion accounting scandal came to light.
• June 29, 2022 Ernst & Young Auditors Caught Cheating on Ethics Exam The S.E.C. said the cheating involved hundreds of the firm’s workers from 2017 to 2021, resulting in the largest penalty ever imposed by the agency against an auditing firm.
• June 29, 2022 8 Tips for Choosing a Loan Lender Finding a reliable and trustworthy lender can be difficult, especially if you are not familiar with the lending industry. There are many things to consider while choosing a lender, and it's vital to make sure you find a ...
• December 30, 2021 KPMG Replaces EY as the Insurance Giant’s New External Auditor The FTSE 100 Listed Phoenix Group Holdings plc has decided to replace EY with KPMG for the financial year ended December 31, 2024 The big four firm EY has been the company’s auditor since 2018 so technically was in a ...
• November 1, 2021 BDO Replaces PwC as Auditor of Sanderson Design Group AIM listed furnishings group Sanderson Design Group has appointed BDO as its new auditor. BDO replaced the big four firm PwC as the group’s new external auditor  The furnishing group’s decision to appoint BDO as ...
• August 9, 2021 Charity Commission Announces Inquiry into Care4Calais The Charity Commission recently announced an inquiry into the finances of aid charity Care4Calais due to serious governance concerns.  The Commission has said that the extent of the scope of the inquiry may ...
• August 8, 2021 4 Ways to Use Technology to Achieve Financial Independence There’s a lot that goes into achieving financial independence. Aside from ensuring that you have a steady source of income, you should also make sure that you know how to expertly manage your money. Unfortunately, not e ...
• July 29, 2021 BDO Replaces KPMG as the New Auditor of Caledonia Investments Caledonia Investments plc has replaced the Big Four firm KPMG with audit and accountancy firm BDO as its new external auditor.  The investment company’s decision to appoint BDO as its new auditor comes after i ...