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The Financial Accounting Standards Board’s new hedge accounting standard is prompting some companies to adopt the standard ahead of the Jan 1, 2019 effective date, though many companies are still not using hedge accounting at all.
October 18 -
The firm relied on technical reports done by an affiliate during three consecutive audits of a Canadian gold-mining company.
October 16 -
Text message recipients were told there was impending, unspecified bad news coming before the accounting scandal unfolded.
October 10 -
A competition watchdog started investigating the industry a day after another regulator said it was considering banning firms from doing consulting work for the companies they audit.
October 9 -
The new revenue recognition standard doesn’t only affect publicly traded corporations and large privately held companies. It could have an impact on small businesses, particularly if they hope to obtain bank loans next year.
October 5 -
The Big 4 firm was selected by The Institutes RiskBlock Alliance to take on the challenge.
September 27 -
As multiple investigations into Danske Bank A/S get under way, Denmark’s government wants to know why the bank’s auditors appear to have missed signs that one of Europe’s biggest money laundering scandals was unfolding in front of them.
September 27 -
A legal fight kicks off to recover some of the billions of dollars investors lost after the South African retailer’s financial scandal.
September 26 -
BDO, Moss Adams, and RSM were also featured on the annual list of the best places to work for new parents.
September 25 -
The Big Four firm posted $43.2 billion for FY2018, an 11.3 percent increase.
September 18 -
The former head of the scandal-scarred retailer blames fellow executives and auditing firms for his company's near collapse.
September 5 -
KPMG links up with a marketing execution firm, Mueller Prost launches a women's initiative, and other news from practices across the country.
August 31 -
Scott Davis leaves his own practice to join Rodman CPAs, and other personnel news from firms around the country.
August 31 -
The retailer's former chief financial officer pointed the finger at ex-CEO Markus Jooste and auditors including Deloitte for the company’s accounting scandal.
August 29 -
The Big Four Firm was recognized for its commitment to educating staff members on emerging technology.
August 24 -
Steinhoff International Holdings NV suspended former Chief Financial Officer Ben La Grange and ex-director Stehan Grobler in the first action taken against current employees of the company following an accounting scandal.
August 21 -
Ernst & Young is acquiring Riverview Law, a London-based provider of legal services, expanding the Big Four accounting firm’s global presence in the legal profession.
August 14 -
The Big Four firm netted almost three times as many new engagements as any other auditor.
August 10 -
The Big Four firm is spending an extra $1 billion on new technology, including artificial intelligence and shifting platforms to the cloud.
August 10 -
The technology might be the hottest topic in accounting today, and the trend continued at the Accounting and Finance Show in Los Angeles.
July 30














