Audit

India’s tycoon Singh brothers took at least 5 billion rupees ($78 million) out of the publicly traded hospital company they control without board approval about a year ago, people with knowledge of the matter said.

The Big Four firm had the larger number of new clients for the year, but the Seattle firm netted the most.

A new academic study scrutinizes how bias may play a role when an auditor used to work in the same accounting firm as the CFO of the company being audited.

Audit committees at public companies should be aware of some of the accounting implications of the new Tax Cuts and Jobs Act, according to a new report from Ernst & Young.

Paul Sobel, vice president and chief audit executive of the paper manufacturer Georgia-Pacific, has been appointed chairman of the Committee of Sponsoring Organizations of the Treadway Commission, or COSO, for a three-year term starting Thursday.

A merger with Denver-based Hein gave the West Coast giant 33 new clients.

The U.K. Financial Reporting Council opened a probe into KPMG LLP’s audits of Carillion Plc, after the builder collapsed under a mountain of debt earlier this month.

William J. McDonough, the original chairman of the Public Company Accounting Oversight Board after the PCAOB was created by the Sarbanes-Oxley Act and a former president and CEO of the Federal Reserve Bank of New York, died Monday.

PricewaterhouseCoopers’ firm in India is appealing a two-year ban on auditing public companies by the Securities Exchange Board of India.

The U.S. regulator overseeing auditors was rocked by criminal charges as federal prosecutors accused three former employees of leaking inside information to KPMG LLP so it could improve its audit results.