INPACT International adds firm in UK
INPACT Internationalhas has added British firm Stanes Rand Chartered Accountants and Registered Auditors to its association.The Cambridge-based firm has 14 employees, including one partner, founder...
View ArticleBig Four win right to petition for review on Chinese firms ban
The US Securities and Exchange Commission (SEC) has granted the petition for review issued by the Big Four, whereby the accounting firms aim to overturn the six-month ban prohibiting them from...
View ArticleKPMG Netherlands chairman resigns amidst mounting media pressure
KPMG Netherlands chairman Jurgen van Breukelen has resigned in an attempt to restore trust in the troubled Dutch Big Four firm, recently tarnished by several issues including decreased revenues and a...
View ArticleAnalysis: Alibaba floatation throws lifeline in US-China rift
Excitement is mounting for Chinese-based e-commerce giant Alibaba's listing in New York later this year. As the regulatory audit oversight tug-of-war between China and the US shows no sign of abating,...
View ArticleBDO US expands in Texas
BDO US has taken on the staff and partners from Fort Worth based firm Hartman Leito & Bolt, effective 1 June.Hartman Leito & Bolt, a member of the BDO Seidman Alliance since 2002, has 60 staff...
View ArticleNatural capital on a par with financial assets’ importance
Businesses must put natural capital at the heart of their value-creation strategy if they are to remain sustainable, the Chartered Institute of Management Accountants (CIMA) has warned in a report...
View ArticleGrand Thornton completes M&A in Canada and Cyprus
Grant Thornton International has announced the successful completion of mergers and acquisition (M&A) in Canada and Cyprus.In Canada, Grant Thornton International acquired accounting firm Horwich...
View ArticleBKR International adds member firms in Belgium
BKR International has added two Belgian firms, Cnockaert & Salens and Rewise, to its association.Rewise, a former firm of Moore Stephens International, has three offices in Charleroi, Liège and...
View ArticleAnalysis: Big Four on the lookout for Africa’s boom
Politically more stable with greater resource management by its elite, Africa is experiencing one of the fastest growths on the planet, which doesn't leave the Big Four indifferent.Earlier this year...
View ArticleSEC performs balancing act between IFRS and US GAAP
In her remarks at the Financial Accounting Foundation Trustees dinner earlier this week the US Securities and Exchange Commission (SEC) chair Mary Jo White performed a balancing act over IFRS adoption...
View ArticleEY compelled by court to handover audit work to Hong Kong’s regulator
Hong Kong's Court of First Instance has ruled today EY should handover the audit work of former China-based client Standard Waters to the city-state's Securities and Futures Commission (SFC).Standard...
View ArticleFRC audit inspection continue to expose reoccurring threats
The inspection of UK firm audits has shown that there are still persistent concerns over auditor independence, fees, IT systems and audits of banks and building societies, according to the UK Financial...
View ArticleKPMG continues data and analytics expansion
KPMG International has launched KPMG Insights Labs, a virtual research and development center with locations in the UK, the US and India, which will develop data and analytics applications.The launch...
View ArticleIASB and FASB issue converged standard on revenue recognition
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have issued a converged standard on the recognition of revenue from contracts with customers.The...
View ArticleFormer RSM member in Bangladesh joins BDO
BDO has added Bangladeshi firm Nurul Faruk Hasan & Co to its network, effective 1 June.The firm used to be a correspondent member of RSM and has 100 partners and staff offering accounting, auditing...
View ArticleMorison International adds Colombian firm
Morison International has added Colombian firm Canon y Canon to its association.The firm is based in the capital Bogota and employs 30 staff providing accounting, auditing, tax and advisory...
View ArticleArgentinean profession battles surprising rotation rules
The accountancy profession in Argentina has teamed up in an attempt to convince the government to change audit rules introduced last year by the national regulator, CNV (Comision Nacional de Valores),...
View ArticleKPMG US acquires US audit and advisory firm Rothstein Kass
KPMG US has acquired audit, tax and advisory firm Rothstein Kass and as a result becomes the largest audit firm in the hedge fund market, the Big Four network has announced.Headquartered in New York,...
View ArticleAGN appoints former Grant Thornton International partner as CEO
AGN International has appointed Malcolm Ward as the association's chief executive.Ward has over 30 years experience in the profession and has previously worked as the Grant Thornton UK London office...
View ArticleBDO UK appoints fourteen partners
BDO UK has promoted 14 of its senior staff to the role of partner, effective from 5 July 2014. The 14 promotions were a response to the UK's economic recovery and a consequence of last year's merger...
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