Auditing News

• July 27, 2017 Wetherspoon Replaces PwC as their External Auditor Pub giant JD Wetherspoon (JDW) has recently made an announcement regarding ending its 34-year long relationship with PwC as the company is set to replace big four firm with Grant Thornton as its external auditors once ...
• July 25, 2017 FRC makes Amendments to ISAs (UK) to reflect Changes in Ethics Code The Financial Reporting Council (FRC) has recently made amendments to ISA (UK) 250 Section A - Consideration of laws and regulations in an audit of financial statements. FRC also confirmed changes to other ISAs which ...
• July 24, 2017 National Bank of Ukraine Withdraws PwC Bank Audit Rights over 5.5bn hole at PrivatBank The National Bank of Ukraine has released a statement in which the bank announced that it has removed PwC from the list of audit firms that are permitted to audit banks in Ukraine. This decision was made in reaction to ...
• June 13, 2017 BT Replaces PwC with KPMG as its Auditor after Italian Accounting Scandal British Telecom (BT) has selected KPMG to replace PwC as its new auditor and by doing so the telecoms giant has ended a 33-year relationship with PwC. This decision by BT has been made in the wake of an accounting fraud ...
• June 1, 2017 Bank of Ireland Appoints KPMG as their New Auditor Bank of Ireland recently announced its decision of appointing KPMG as its new auditor replacing PwC which held the position of external auditor to the banking group for past 27 years. The decision of selecting ...
• May 29, 2017 PCAOB Plans to Propose a Number of changes to the Audit Report The Public Company Accounting Oversight Board (PCAOB) is expected to hold an open meeting on June 1 to consider making a number of changes in relation to the current auditor’s reporting model. One of the main ...
• May 26, 2017 KPMG resigns from its position as auditor of the telecom company Lycamobile The Big Four Firm KPMG has resigned as auditor to Lycamobile, a telecom company based in the UK, after the firm failed in obtaining sufficient appropriate audit evidence from the telecom company. Another issue which the ...
• May 24, 2017 KPMG is Set to be Appointed as the New Auditor of ABB Swiss-Swedish engineering group ABB is all set to replace EY with KPMG as the new auditor of the group for the financial year (FY) 2018. With the decision of replacing EY as the group’s auditor, the group has ended a ...
• May 23, 2017 PWC Set to Replace Deloitte as the New Auditor of the Close Brothers Group for the Financial Period Ending in 2018 FTSE 250 UK merchant banking group has selected PwC as its new auditor after conducting a competitive and comprehensive tender process. PwC will replace Deloitte as the new auditor of the banking group once the ...
• May 18, 2017 ACCA Publishes a New Report that Highlights the Importance of the Term Professional Skepticism in Audit As Regulators and decision-makers are calling for more professional scepticism in audit, ACCA has recommended changes to the regulatory, standard-setting and audit processes so that to improve the quality of audit ... Views: 139 ∙ Comments: 1