Auditing News

• October 2, 2017 BDO Replaces Deloitte as Mitie Auditor British strategic outsourcing group Mitie has recently made the announcement of appointing BDO as its new auditor after Deloitte resigned from its position as the group’s external auditor. At the group’s annual ...
• September 25, 2017 Sasfin Holdings End their 18-year Relationship with KPMG amid Gupta Scandal Sasfin Holdings, a banking and financial services group based in South Africa, has recently made an announcement with regards to removing KPMG as its auditor. This decision of the South African based company resulted in ...
• September 1, 2017 Federal Court of Canada Rules in Favor of taxpayer in transfer pricing tax Case Canadian Federal Court has made a ruling as per which  the Canadian Revenue Agency (CRA) may not be able to hold any more face-to-face interviews with persons connected directly with a multinational with ...
• August 29, 2017 BHP Billiton Appoints EY as its New External Auditor Mining giant BHP Billiton has confirmed that Big Four Firm EY will take up its audit and in the process will replace rival firm KPMG as auditors BHP Billiton group. The Australian-based mining group has a market ...
• August 21, 2017 Standard Life Aberdeen confirms KPMG as its auditors Standard Life Aberdeen, formerly known as Standard Life, is a UK-based global investment company. Standard Life Aberdeen confirmed the decision of appointing KPMG as its auditor, after completion of the £11bn ...
• 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 ...