Financial and Accounting News

• May 6, 2019 IAASB Consults on Simplifying Auditing Standards for Small Entities with Less Complexities The International Auditing and Assurance Standards Board (IAASB) is expected to be planning towards simplifying the use of auditing standards for the audit of less complex business entities. The board has launched a ...
• May 6, 2019 Anglo American Replaces Deloitte with PwC as its External Auditor Multinational mining company Anglo American has replaced Deloitte with PwC as its new auditor. As a result of the decision made by Angelo American, PwC will take over the position of external auditor to the mining company ...
• May 3, 2019 KPMG Hit with a £6m over Audit of Lloyds Syndicate Financial Reporting Council (FRC) has fined KPMG £6m following the conclusion of an investigation which was carried by the UK regulator into the big four firm’s audit of Lloyds syndicate (Equity Red ...
• May 2, 2019 Property Dealer Banned over £5.6m Accounting Failure A property developer who received millions of council cash to redevelop the sixfields stadium home to Northampton town football club, has now been banned from running any kind of company for 10 years, after an investigation ...
• May 1, 2019 ETL UK Snaps up SRLV Business Advisory and Accountancy Firm The UK wing of ETL Global has acquired part of business advisory and accountancy firm with the name of SRLV for an undisclosed amount. The said transaction marks another acquisition made by the UK wing of the aforementioned ...
• May 1, 2019 SEC uncovers $20m Accounting Fraud at Celadon Group Indianapolis-based Celadon Group has been charged with a 20m accounting fraud by the Securities and Exchange Commission (SEC). The US regulator has alleged that US truckload company avoided disclosing significant ...
• April 29, 2019 Deloitte Resigned as Ferrexpo Auditor over Concerns Regarding Misappropriation of Charity Funds The big four firm Deloitte resigned from its position as external auditor of Swiss-based mining and commodity trading group Ferrexpo citing concerns with regards to possible discrepancies in group’s bank statements relating ...
• April 25, 2019 Government Publishes Draft Regulations on Directors’ Remuneration Policy Changes The UK government has issued draft regulations with regards to policy and reports in connection with director remuneration. The said regulations have extended the scope of reporting director renumeration to unquoted ...
• April 24, 2019 French Connection Replaces KPMG as its External Auditor with Mazars French Connection Replaces KPMG as its External Auditor with Mazars Fashion firm French Connection Group has replaced KPMG with Mazars as its external auditor for the financial year ending June 30, 2020. KPMG held the said ...
• March 26, 2019 Grant Thornton Wins Mothercare Audit Mothercare, a British retailer which specializes in products for mothers and children up to 8 years old, has selected Grant Thornton to replace Deloitte as its new external auditor with effect from March 28, 2020. The ...