Auditing News

• 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: 79 ∙ Comments: 1
• May 11, 2017 Reckitt Benckiser makes their Intention Clear with Regards to Changing PWC as their Auditors Reckitt Benckiser (RB) has announced their plans to change PWC as their auditor. In another announcement the group has made it clear that KPMG will be the one to replace PwC as auditor of the group from 2018. The ...
• May 4, 2017 FRC Starts Investigating KPMG with Regards to their Audits of Rolls-Royce The Financial Reporting Council (FRC) has publicly announced that they have started investigation into KPMG’s audit of the Rolls-Royce but the decision of investigation with regards to KPMG’s audit of the Rolls-Royce ...
• May 2, 2017 Senators Challenges KPMG Over their Audit of the Wells Fargo’s Financial Statements The Public Company Accounting Oversight Board (PCAOB) is facing pressure from two US senators to review the KPMG’s audit of wells Fargo in response to the discovery that the employees of wells Fargo created millions of ...