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The U.K. Financial Reporting Council is investigating former employees of RSA Insurance Group Plcs Irish unit regarding accounting irregularities in 2012.
July 7 -
Noble Group Ltd. appointed PricewaterhouseCoopers LLP to review how it values some of its assets after criticism of the Asian trading companys accounting practices.
July 7 -
The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, are reassessing its structure and effectiveness.
July 7 -
New research indicates that many investors tend to overlook the vague misgivings that auditors might express in letters included with their audit reports, even though those warnings often turn out to be a predictor of future trouble with a companys financial statements.
July 6 -
Accountants are getting ready to implement the new revenue recognition standard, even though a one-year delay on the date it takes effect seems all but certain.
July 6
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The Institute of Internal Auditors has enhanced its International Professional Practices Framework, which has provided internal auditors worldwide professional guidance in various forms since 1947, in response to more recent risks, while also releasing a report on the current pulse of the internal audit profession.
July 6 -
The Securities and Exchange Commission has reappointed Public Company Accounting Oversight Board member Lewis H. Ferguson to a second term on the board.
July 2 -
Singer-songwriter Robyn Rihanna Fenty may be sending a chilling message to her former accountant in her new music video B*tch Better Have My Money. Rih-Rih kidnaped, tortured, and had a marijuana love fest with a high net-worth woman, who turns out to be the wife of Rihannas former accountant, aka The B*tch.
July 2
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The American Accounting Association has retracted 25 articles written or co-authored by a former accounting professor who was forced to resign after his university uncovered a pattern of misconduct.
July 2 -
The Federal Bureau of Investigation raided the offices of a Connecticut accounting firm Tuesday and seized documents in connection with a fraud complaint.
July 2
