International accounting

The collapse of U.K. builder Carillion four years ago is now threatening to inflict more than reputational damage on its former auditor, KPMG.

The International Public Sector Accounting Standards Board has issued its own leasing standard for the public sector.

Signs of contagion are rippling through China’s property industry, with a spate of auditor resignations deepening concerns about developers’ financial health.

IASB vice-chair Sue Lloyd will become vice-chair of the new board, while Value Reporting Foundation CEO Janine Guillot will be special advisor to the ISSB's chair.

The company can start paying out $1.6 billion to investors who lost out in the wake of the retailer’s 2017 accounting scandal.

Eelco van der Enden is planning to work with the nascent board, while maintaining GRI’s independence.

An activist group is urging international audit institutions to end all their engagement with the government’s auditor general.

Stuart Smith, a former audit director, took responsibility for misleading the U.K. audit watchdog, and said he was “reckless” as to whether he was misleading inspectors.

Six former employers at the auditing giant are accused of acting “with a lack of integrity in dishonestly or recklessly misleading the regulator.”

The network saw rising demand from business clients needing help with recovering from the pandemic.