EY

Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.

EY earned a record $37.2 billion in the fiscal year ending June 30.

EY and BF Borgers made good showings for the quarter.

RSM gifts $1 million gift to DePaul University; EY appoints two office managing partners; and more CPA news.

The service is planned for the U.S. and Germany, with global expansion in the future.

For Ireland, a ruling that it didn’t illegally help Apple Inc. is vindication, of sorts.

The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level of audit quality, the industry’s U.K. watchdog said.

The U.K.’s dominant accounting firms must separate their audit units from other operations by June 2024 as the country’s industry watchdog reacts to shortcomings that led to the collapse of several companies.

EisnerAmper and DHG each develop COVID-19-related workplace solutions; AAM elects four to board of directors; and more CPA news.

Robotic process automation is on the cusp of making your job much easier

Wirecard auditors say ‘elaborate’ fraud led to missing billions

Britain’s audit industry faces another dent to its reputation as the nation’s accounting watchdog ordered a probe into PricewaterhouseCoopers LLP, Ernst & Young and Oliver Clive & Co.’s work for defunct London Capital & Finance Plc.

Markus Braun’s almost two decades as Wirecard AG’s chief executive officer ended after accusations about the company’s accounting culminated in a shock disclosure that it was unable to locate 1.9 billion euros ($2.1 billion).

Big Four firm Ernst & Young and its business tax clients at companies across the U.S. and other countries have faced a series of challenges amid the pandemic.

Wirecard suffered one of the worst stock slumps in the history of Germany’s benchmark index after revealing that about 1.9 billion euros ($2.1 billion) in cash has gone missing, spooking investors who have endured years of allegations of wrongdoing at the payments company.

It pays to be a senior executive in a U.S. family office. Private investment firms of rich families there have the greatest number of C-suite executives making more than $396,000 a year.

Abdo, Eick & Meyers launches a technology and data solutions services group; LBMC adds five shareholders; and more CPA news.

David Smith fought extradition from Canada for 11 years before being returned to face trial last year.

EY was sued over its work for the payment company, just two days after Wirecard’s headquarters were raided as part of a market manipulation probe.

The Big Four increased their percentage of SEC audit engagements at the expense of the rest of the top 10 auditors in 2019.