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March 15, 2024
EU Adopts New Corporate Sustainability Reporting Directive (CSRD) to Enhance Transparency and Accountability
The Corporate Sustainability Reporting Directive (CSRD) entered into force on January 5, 2023, marking a significant shift in sustainability reporting requirements for companies within the European Union (EU).
- February 13, 2024 Revolutionizing Audits: The Transformative Power of AI in Enhancing Efficiency and Accuracy Artificial Intelligence (AI) is rapidly transforming the auditing landscape, offering unparalleled efficiency and precision in data analysis. As the auditing field grapples with vast amounts of unstructured data, AI ...
- January 19, 2024 Deloitte's Oversight in Tingo's $412 Million Fraud Raises Questions About Auditing Integrity In a significant oversight by Deloitte, one of the 'Big Four' accounting firms, a massive financial discrepancy was uncovered in the financial statements of the Nigerian company Tingo Group. Despite Deloitte's ...
- 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 ...
- 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.
- 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 ...
- 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 ...
- June 26, 2021 Rentokil Replaces KPMG with PwC as its Auditor Listed pest control company Rentokil has dropped the Big Four Firm KPMG as its auditors only after four years since the last audit tender. KPMG had been Rentokil’s auditor since 2009, and the audit firm was reappointed i ...
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