Audit & Accounting

For 20 years, the global retailer thrived off deal-making. Now, some of those transactions are back in the spotlight, and not in a good way.

Christo Wiese says the retailer’s overview of a forensic probe into the company’s accounting irregularities supports his claim against the company.

Steinhoff International Holdings NV plans to dig deeper into the accounting misdeeds that brought the retailing giant to its knees as it seeks to get to the bottom of some $7.4 billion in fictitious or improper deals.

PricewaterhouseCoopers has settled with the Federal Deposit Insurance Corporation for $335 million over its audits of Colonial Bank, which failed in the midst of the financial crisis.

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

Recent legislation forecasts big industry growth, the firm predicts.

When it came to snagging new engagements, mergers made a major difference for many auditing firms.

PKF International has appointed James Hickey as the new CEO of the global network of independent accounting firms, effective March 19.

The German payment processor’s Indian business became a focus point again and a Citigroup analyst said the company faces prolonged uncertainty because of the accounting allegations it’s facing.

A young CPA shares offers a valuable primer on preparing for the test.