Audit & Accounting

The software was designed by accountants and technology professionals at the firm.

An upcoming guide from the AICPA weighed heavily, both figuratively and literally, during a recent forum.

Steinhoff International Holdings NV identified eight people, including former Chief Executive Officer Markus Jooste, as those allegedly behind questionable transactions that brought the global retailer to near-collapse.

Three pieces of guidance outline new requirements for companies to disclose CAMs in their audit reports.

The accounting firm association has appointed a longtime ACCA executive director as its new chief, effective June 1, 2019.

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.