International accounting

Hong Kong has received the first access to financial audits from mainland Chinese companies, an issue that has vexed relations between the U.S. and China and threatens to lead to the delisting in New York of giants such as Alibaba Group Holding Ltd.

The International Accounting Standards Board began a consultation process in preparation for possible changes in the accounting standards for mergers and acquisitions.

Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said.

The House is set to vote on bipartisan legislation that would impose restrictions on Chinese companies listed on U.S. exchanges, including requiring certification that they’re not under control of a foreign government.

The Association of Chartered Certified Accountants has named Mark Millar, the former head of a hospice in the United Kingdom, as its new president.

Wirecard AG’s former chief executive officer appeared in public for the first time since his July detention in connection with the collapse of the electronic payment company, but lawmakers hoping for insights from the disgraced manager were left disappointed.

Andreas Barckow was appointed Thursday by the trustees of the IFRS Foundation, as the next chair of the board, succeeding longtime chair Hans Hoogervorst in July 2021.

The first-of-its-kind agreement will help the island nation create a pipeline of future-ready professionals.

The International Public Sector Accounting Standards Board has deferred the effective dates of several upcoming standards and amendments amid the COVID-19 pandemic.

The partnership will provide member firms of the international association of independent accounting firms with more resources, tools and thought leadership to grow their business opportunities.