Former PwC India chairman creates national firm
Ramesh Rajan former chairman of PwC India, has set up a national professional services firm, Leap Ridge, in collaboration with 15 other former Big Four partners.Rajan left PwC 30 June this year after...
View ArticleHLB International adds Russian firm
HLB International has added Russian firm Energy Consulting to its network.HLB International said Energy Consulting is one of Russia's largest accounting firms with $118m in fee income and close to 900...
View ArticlePCAOB finds “troubling” deficiencies in broker and dealer audits
The review by the US Public Company Accounting Oversight Board (PCAOB) of firms auditing brokers and dealers found deficiencies in the audits of all of the firms inspected.As part of its interim...
View ArticleCrowe Horwath US to take majority stake in Chan Healthcare
Crowe Horwath US and US healthcare internal audit service provider Chan Healthcare have signed a letter of intent to combine resources and establish a strategic business partnership.The transaction is...
View ArticleLawsky calls for bank consulting work oversight
The New York State first superintendent of financial services Benjamin Lawsky said there is a need to regulate firms offering consulting services to banks in an interview with the BBC.Lawsky told the...
View ArticleKreston International adds Ecuadorian firm
Kreston International has added Ecuadorian firm Kreston AS to its network.Kreston AS previously operated as UHY Audit and Advisory Services. It was established in 2007, and counts 4 partners and 32...
View ArticleUS audit fees shrinking
In the past decade the ratio of audit fees over revenue of US public companies shrank, according to the latest audit fee report by US research company Audit Analytics.Audit Fees and Non-Audit Fees; a...
View ArticleCrowe Horwath Australasia profits and revenues down
Crowe Horwath Australasia, formerly known as WHK Group, reported a 2% drop in fee income to A$405.9m in the year to 30 June 2013.Crowe Horwath Australasia saw its financial services revenue increase by...
View ArticleBaker Tilly UK holds back on RSM Tenon offer
Shares of RSM Tenon have temporarily been suspended by the UK Financial Conduct Authority after Baker Tilly UK said it won't be making an offer for the entire issued share capital of RSM Tenon.The FCA...
View ArticleRSM Tenon sold to Baker Tilly UK in pre-pack
Baker Tilly UK has bought RSM Tenon as part of a pre-pack deal with administrators Deloitte UK following a month of speculation over the future of the troubled firm.When earlier today Baker Tilly UK...
View ArticleBDO Auckland and PKF Ross Melville to merge
BDO Auckland and PKF Ross Melville are to merge under the BDO brand, creating a firm of 250 staff and 26 partners.The merger will bring BDO's total staff number in New Zealand to over 800 people,...
View ArticleKreston International adds Canadian firm
Kreston International has added Canadian firm Parker Simone to its network.Based in Ontario, Parker Simone was formed in 1993 and counts four partners and 20 professional and support staff. The firm...
View ArticleUK large corporates and banks against five-year retendering
Large UK banks and corporates have warned of excessive burdens arising from the Competition Commission's (CC) proposed five-year mandatory audit retendering for the FTSE350 in their response to the...
View ArticleStandard Chartered puts audit out to tender
Standard Chartered has become the latest bank to put its audit out to tender.The global bank has been audited by KPMG for the past 40 years and in 2012 paid a total of £18.7m to KPMG in services...
View ArticleUK accounting firm business volumes on the rise
UK accountancy and law firms' optimism about business conditions rose significantly in the last quarter, a survey by the employers' organization (CBI) has found.CBI's quarterly service sector survey...
View ArticleUK mid-tier firm opinions split on the benefits of five year retendering
Responding to the UK Competition Commission's (CC) provisional decision on remedies most UK mid-tier firms have welcomed the proposed five year mandatory retendering provision for FTSE 350, however...
View ArticlePalestinian, Indian and UK firms join Praxity
Praxity has added member firms in the UK, India and Palestine to its association.The new firms are UK-based Brand Finance, Laxminiwas Neeth in India and Palestine-based El Wafa.Brand Finance, with...
View ArticlePwC US appoints risk assurance practice leader
Former EY US partner Brian Schwartz joins PwC US as the firm's risk assurance practice leader.Schwartz succeeds Ken Coy as leader of the firm's governance, risk and compliance (GRC) team.Based in...
View ArticlePCAOB critical of KPMG and PwC audits
The US Public Company Accounting Oversight Board (PCAOB) has found a number of flaws in audits conducted by PwC US and KPMG US between 2011 and 2013, according to the watchdog's latest inspection...
View ArticleParker Randall International appoints vice president
Parker Randall International has appointed Junaid Subhani as vice president of its South-East Asia region.Subhani is currently senior partner at Parker Randall Pakistan and is a fellow member of the...
View Article