International accounting

Erkki Liikanen, a former governor of the Finnish Central Bank, has been named chair of the IFRS Foundation trustees, the group that oversees the International Accounting Standards Board and the International Financial Reporting Standards they develop.

The International Federation of Accountants has released an updated reference.

Axiom, a provider of legal contract technology, has introduced the Contracts Intelligence Platform for Lease Accounting to help organizations uncover embedded leases that are subject to the new lease accounting standard.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

Xerox Corp.’s Chief Executive Officer John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned he doesn’t plan to renew the companies’ Asia joint venture in 2021.

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.

The financial instruments standard requires a new kind of calculation that is proving disruptive.

It’s said auditors get off lightly when companies fail. Tell that to the PricewaterhouseCoopers partner who signed off on the accounts of failed British retailer BHS. He has just received a 325,000-pound ($434,000) fine and a record 15-year ban from audit work.

The Middle Eastern investment firm has been roiled by allegations of misused funds.

The BKD COO was named Friday to chair the Association of International Certified Professional Accountants.

KPMG LLP’s South African unit sees 400 people leaving the embattled company as it closes some regional offices and focuses its operations on four cities across the country.

Samsonite International SA, the world’s largest branded-luggage maker, tumbled the most since 2012 after short-seller Blue Orca Capital questioned the company’s accounting and corporate governance.

The International Foundation of Accountants has released the fourth edition of its Guide to Practice Management for Small- and Medium-Sized Practices (the Guide) to help small and midsized accounting practices meet the challenges of the globalized digital world.

KPMG LLP is conducting an internal review into its audits of embattled Middle East buyout firm Abraaj Group following the alleged misuse of money, according to people with knowledge of the matter.

Steinhoff International Holdings NV is seeking a three-year extension on most of its 9.6 billion euros ($11.3 billion) of debt as the retailer battles to come to grips with an accounting scandal that’s wiped more than 96 percent off the share price.

CPAmerica International is celebrating its 40th anniversary as the association continues to expand in the U.S. and reaches out abroad.

Carillion Plc deceived lenders and investors about its debt levels and was enabled by “complacent” auditors who failed to challenge its “aggressive” accounting, according to a U.K. Parliament report.

Steinhoff International Holdings NV’s finances are in a mess. Now it’s going after those who presided over the fiasco.