Auditing News

• May 16, 2019 AIM-listed Mining Company GoldStone Switches Auditor GoldStone Resources, a mining company with projects across western Africa, has switched its auditors. The mining company announced that Liverpool based DSG Accountancy and Business Services will be replaced by its existing ...
• May 13, 2019 New Study Reveals 55% of Public Believe Auditors’ could Prevent Company failures’ As per a recent survey conducted by the ACCA, 55% of the respondents expressed that auditors are the ones who are responsible for helping companies avoid failures. 70% of the participants of the survey said that the ...
• May 10, 2019 FRC Hands KPMG a £5m Fine over Co-Operative Bank’s Audit Failings The UK watchdog Financial Reporting Council (FRC) initially required KPMG to pay £5m as fine as well as to comply with additional requirements on its audits of credit institutions for at least next 3 years, for a ...
• 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 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 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 ...
• March 22, 2019 EY Set to Replace Deloitte as Tullow Oil’s New External Auditor EY is set to be appointed as the new external auditor of multinational gas and oil exploration company with the name of Tullow Oil, replacing another big four firm Deloitte which held the said role since 2002 The oil ...