PCAOB domestic firm inspections show encouraging results
The US Public Company Accounting Oversight Board (PCAOB) found a reduced rate of reported "significant audit performance deficiencies" among domestic firms, which audit less than a 100 public...
View ArticleRSM Tenon restructure reduces operating losses
RSM Tenon reported revenues of £88.4m in the six months to 31 December 2012, a loss of £9.8m.While the half-year revenues were down the operating losses reduced to £0.6m, an improvement from last...
View ArticleCC report explains provisional findings
Last week's summary of the provisional findings into the statutory audit market concentration by the UK Competition Commission (CC) has been backed up by the release of a 297 page report explaining the...
View ArticleBaker Tilly International appoints EMEA advisory council chair
Ted Verkade has been appointed to chairman of Baker Tilly International's Europe, Middle East and Africa (EMEA) advisory council.Verkade has previously worked as regional chairman between 2004 and...
View ArticleResearch finds companies reluctant to move because of tax rates
An average of 67% of businesses would not relocate their business to another country for any level of reduction in their corporate tax rate according to a survey of 3, 450 businesses from 44 economies...
View ArticleGrant Thornton appoints new Leeds office practice leader
Will Oxley will replace Jonathan Riley as practice leader for Grant Thornton's Leeds office when Riley becomes head of tax for Grant Thornton UK in 1 April 2013.Oxley currently leads the transactions...
View ArticleHaddrill defends comply and explain principle
The Financial Reporting Council's (FRC) chief executive Stephen Haddrill has defended the current comply or explain system for audit tendering at the Council's Annual Open Meeting (AOM).Haddrill was...
View ArticleKey Will Group adds Czech and Greek firm
Recently formed global accounting association Key Will Group has added a firm in Czech Republic and Greece.The Czech firm, Active Bohemia, has 8 staff members specialising in accounting, tax and...
View ArticleE&Y US agrees to pay $123m over tax shelter dispute
Ernst & Young US (E&Y) has admitted the wrongful conduct of some of its partners and employees in connection with the firm's four tax shelter schemes sold to clients between 1999 and...
View ArticleSEC allowed to pursue Deloitte China over Longtop documents
A US federal judge has allowed the US Securities and Exchange Commission (SEC) to continue its attempts to obtain audit documents from Deloitte China in connection to an alleged fraud investigation...
View ArticleHLB International adds Kyrgyzstan firm
HLB International has added Kyrgyz Republic firm, Marka Audit Bishkek, to its network.The firm has 90 staff mainly focusing on industrial, power engineering, telecommunications and banking clients.The...
View ArticleHSBC puts its audit contract out to tender
HSBC, the UK's largest bank by asset base, has put its audit contract out to tender in order to comply with the UK Financial Reporting Council's (FRC) revised Corporate Governance Code, which...
View ArticleIAB/TA exclusive: Top female accounting leaders share their views on gender
Four of the accounting profession's top female leaders have exclusively shared their views with the International Accounting Bulletin and sister publication The Accountant on the role of women in the...
View ArticleGreg Szczesny joins PwC US risk practice
Greg Szczesny has been appointed managing director of PwC's risk assurance practice in New York.Szczesny joins PwC from KPMG where he served as a national leader in the firm's conflict minerals center...
View ArticleMazars UK acquires immigration business
Mazars UK has acquired immigration services business Sarah Buttler Associates.The acquisition adds 70 UK clients, including FTSE 100 companies, to the firm's immigration services practice, which was...
View ArticleKreston International adds Nigerian firm
Kreston International has added Nigerian firm Peak Professional Services to its network.The firm operates from Lagos with branches in Port Harcourt and Asaba and has 25 staff.Kreston International said...
View ArticleSEC delays China audit documents ruling
The US Securities and Exchange Commission (SEC) has granted the judge preceding over its administrative case against the Big Four and BDO's China operations with regards a violation of regulatory...
View ArticleSFO investigates Autonomy and HP deal
The UK's Serious Fraud Office (SFO) has begun investigations into the sale of technology firm Autonomy to Hewlett Packard (HP).Before the SFO are able to proceed with the investigation it has to look...
View ArticlePCAOB calls for audit improvements at PwC US
The US Public Company Accounting Oversight Board (PCAOB) has released portions of two of its previously private inspections of PwC US, after the PCAOB found that the firm had not sufficiently...
View ArticleEcon committee votes against mandatory rotation
The latest European Parliamentary Committee to vote on audit changes has rejected proposals for mandatory rotation, a cap on non-audit services and audit-only firmsThe influential Economic and Monetary...
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