International accounting

The International Accounting Standards Board introduced update proposals for the IFRS for SMEs accounting standard for small and medium-sized entities.

Her son, Charles, a longtime proponent of the accounting profession's role in sustainability reporting through the group he founded in 2004, Accounting for Sustainability (A4S), is succeeding her on the throne as King Charles III.

The Big Four firm's leaders have approved a plan to separate EY's audit and consulting businesses around the world.

The Big Four firm reported record revenue worldwide for fiscal year 2022 of $59.3 billion.

The warning follows several businesses switching to U.S. auditors amid an ongoing dispute between regulators in Washington and Beijing.

The plan includes more than 30 specific actions for the accounting profession related to education, evidence-based policy, global standards, partnership and thought leadership.

The firm discovered during an audit in December that it had made an error in processing seven months earlier.

Noble collapsed into insolvency in 2018 after huge losses and accusations of improper accounting wiped out more than $10 billion in market capitalization.

The PCAOB has picked some Chinese companies for the first batch of inspections after reaching a deal with China to end a decades-long impasse.

The Public Company Accounting Oversight Board levied $275,000 in penalties against KPMG's member firm in South Africa and two partners for improperly using and misreporting work done in Zimbabwe.

Under the agreement, inspectors will be able to see complete work papers without any redactions and select any issuer audits.

Forensic investigators from PwC confirmed that 6.5 billion euros ($6.5 billion) in fictitious or irregular income had been recorded at Steinhoff between 2009 and 2016, making it South Africa's largest known fraud.

American officials would be able to review audit documents of Chinese businesses that trade in the U.S., a first step toward avoiding the delisting of about 200 firms from New York.

Looking beyond U.S. borders for growth opportunities isn't for every small business, but many are finding success worldwide.

The multibillion-dollar commodities trader was forced to restructure after years of losses and accusations of improper accounting.

The firm made its biggest investment in staff pay in a decade, with half of its 24,000 workers getting a pay rise of 9% or more.

The company is shifting course as global regulators crack down on digital asset services.

The board sanctioned the Big Four firm's member firm in South Korea and two of its former auditors for violating quality standards.

The professional services firm said it would no longer consider a 2:1 degree as a minimum requirement for entry-level jobs or internships.

The International Federation of Accountants unveiled a web page that presents reports, documents, case studies and other materials.