International accounting

A proposal aimed at enhancing auditor responsibility for preparing consolidated financials has led to a clash between two of India's accounting regulators.

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

The International Accounting Standards Board has begun a research project to review the requirements for the statement of cash flows and related matters.

Hong Kong's Accounting and Financial Reporting Council said its review of PwC's local practice, which is separate from China's probe, is still "in progress."

China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group.

Unlike the U.S., where the federal government can offer tax breaks, EU taxation rests with member states, leaving the bloc to work largely through loans and grants.

PricewaterhouseCoopers resigned as auditor for defaulted developer Country Garden Holdings, as both firms navigate challenges to keep operations afloat in China.

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

Olli Zeidler was one of 10 Deloitte professionals who competed at the 2024 Olympics and Paralympics.

The advice will help in determining the appropriate situations to use the standard.