Deloitte merges with Grant Thornton firm in the Philippines
Punongbayan&Araullo (P&A) and Navarro Amper& Co (NA&Co), the member firms of Grant Thornton International and Deloitte in Philippines respectively, have agreed to merge.In a statement...
View ArticlePraxity grows 9% in 2013
Member revenue for global alliance Praxity grew 9% to US$4.1bn in 2013, up from $3.7bn in 2012.While all service lines grew, management consulting led the way with a 27.9% growth to $417m, followed by...
View ArticleMoore Stephens International member firms merge in Germany
RBS RoeverBroennerSusat (RBS) and Haag Eckhard Schoenpflug (HES), German member firms of Moore Stephens International have merged, effective 1 January 2014.The client base of both firms has...
View ArticleBDO US acquires professional networking firm
Business Forums International (BFI), a professional networking firm previously owned by investment bank Houlihan Lokey, has joined BDO US as a subsidiary.In a statement BDO US defined the acquired firm...
View ArticleGGI adds firm in Austria
Geneva Group International (GGI) has added Contax, an Austrian firm, to its association. Contax, based in Vienna, has 41 employees and five partners. It specialises in tax consulting and accounting...
View ArticleKreston International expands in Spain
Kreston International member firm in Spain, Iberaudit Kreston, has opened an office in Granada, Andalusia, and the second one in the capital city Madrid.Iberaudit Kreston has currently 15 offices in...
View ArticleCC delays remedies implementation due to EU audit reform
The UK Competition Commission (CC) is to delay the implementation of the remedies for the UK audit market, which include 10 year mandatory retendering, until more is known on the European audit reform...
View ArticleBaker Tilly International expands in Hawaii
Hawaiian exclusive member of Baker Tilly International, Accuity, has acquired local accounting firm Chee & Yamasaki CPAs, effective 1 January.To that end, Accuity established a subsidiary named...
View ArticleGGI adds Danish firm
Geneva Group International (GGI) has added Dansk Revision, an accounting and audit firm based in Farum, Denmark to its association.Dansk Revision has more than 500 employees, 28 offices and is the...
View ArticleKPMG UK Co-op Bank audits under FRC investigation
The UK Financial Reporting Council (FRC) is to pursue an investigation of KPMG UK's audit work on the Co-operative (Co-op) Bank, which will focus on the preparation, approval and audit of financial...
View ArticleJuri passes trialogue agreement on EU audit reform
Following the agreement between the European Parliament, the Council of the European Union (EU) and the European Commission on the EU audit reform in December, the lead parliamentary committee on the...
View ArticleUHY add new firms in Qatar and Montenegro
UHY has added Mont Audit Plus, a firm providing services of external auditing, tax and financial consulting, to its network, and has expanded its coverage in western Asia by appointing McKenzie...
View ArticleGGI expands in Panama
Geneva Group International (GGI) has expanded its coverage in Latin America with the addition of Alianza Auditores, an auditing, accounting and tax advice firm, to its association.Alianza, based in...
View ArticleSEC judge issues services ban on Chinese firm of the Big Four
A US Securities and Exchange Commission (SEC) judge has ruled that all of the Big Four Chinese joint ventures had violated the Sarbanes-Oxley Act, and that they should be banned from working for any...
View ArticleAuditors should increase focus on fraud identification: UK FRC
The UK Financial Reporting Council (FRC) has said auditors need to increase their focus on identifying risk factors in both the planning and the conducting of audits in a report published on 23...
View ArticleGGI adds French firm
French firm Hans & AssociƩs has joined association GGI Geneva Group International.The firm has 250 professionals based in its 17 offices, and offers audit, accounting and tax consulting corporate...
View ArticleKPMG to pay SEC $8.2m for breaking auditor independence rules
The US Securities and Exchange Commission (SEC) has charged KPMG US with violating audit independence rules for three audit clients at various times between 2007 and 2011.According to the SEC, KPMG...
View ArticleBDO in double Canadian merger
BDO Canada has grown its presence in Nova Scotia, Canada, by completing mergers with firms Raymond Yuill Chartered Accountants and McCuaig & Company.As part of the merger, both firms will operate...
View ArticleTax authority audits too time consuming and expensive: KPMG
A total of 43% of corporate tax executives feel tax examinations are too long and expensive, according to a KPMG poll.Over 75% of respondents said they were involved in a tax examination or dispute...
View ArticleGrant Thornton International launches a technology industry group
Grant Thornton International has created a global technology industry group to share insights into the opportunities and challenges facing technology organisations.Grant Thornton global leader of...
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