International accounting

The board levied sanctions and fines totaling $7.7 million against three of KPMG's member firms in the U.K., India and Colombia.

The dramatic move comes in the wake of an investigation by prosecutors and Italy's market regulator into some of the club's balance sheets regarding alleged false accounting and market manipulation.

That's before a potential break-up of its auditing and consulting divisions takes effect, which could further ramp up a recruitment drive.

Accounting firm KPMG is expanding its Manchester presence with extra tech workers and a revamped office space with meetings at its core.

The two organizations released a joint report on fostering the professionalization of the public finance workforce. 

The International Federation of Accountants named Asmâa Resmouki of Morocco as its first president from the Middle East and Africa and its third female president, to serve a two-year term.

Joseph Owolabi, a Nigeria-born accountant who now resides in Australia, was named Friday as the association's global president for 2022/2023.

Deloitte Touche Tohmatsu's board selected the Deloitte US CEO as global CEO, subject to a ratification vote by member firm partners.

The International Accounting Standards Board hopes to improve the information provided by companies about their debts.

The International Auditing and Assurance Standards Board is looking for feedback on updating one of its fundamental standards.