International accounting

The Financial Reporting Council said that four of the eight audits reviewed at Mazars and five of 12 audits at BDO required more than limited improvements.

The ESG standard-setter is merging into the recently formed International Sustainability Standards Board.

Audits of sportswear retailer failed to highlight possible related party, inventory and website sales risks.

U.S. and Chinese officials have been negotiating for more than two years to ensure staff from the PCAOB can access the audit papers of Chinese companies traded in the U.S. 

KKR is seeking a valuation of more than $2.7 billion in a potential sale of the accounting software maker to Australia & New Zealand Banking Group, according to people familiar with the matter.

CliftonLarsonAllen, a Top 10 Firm, is forming CLA Global Limited in collaboration with Evelyn Partners, a U.K.-based wealth management group.

The group is urging CFOs and other finance leaders to improve the quality of sustainability information and processes by championing an “integrated mindset.”

The chemical and automotive fluid manufacturer will realign its business units in the wake of a bookkeeping investigation triggered by whistleblowers.

Cash flow management is an indispensable aspect of any business looking to achieve success and profitability; however, many small business owners have very little cash on hand.

There’s a standoff brewing between European lawmakers and the Big Four as they try to lay claim to an ESG market that may generate fees of as much as $8 billion a year.

The Sustainability Accounting Standards Board held its final public meeting Wednesday ahead of the consolidation of its parent organization, the Value Reporting Foundation, into the International Sustainability Standards Board by the end of June.

Ernst & Young plans to invest $1 billion in next-generation assurance technology for its audit teams around the world to leverage as part of an overall $2.5 billion four-year commitment.

Effective June 7, isolation of Russia includes sanctions prohibiting U.S. accounting firms — even U.S. firms operating from offices overseas — from providing a variety of services to Russian individuals and entities.

Deloitte is denying a report this week that it plans to spin off its audit practice as a separate entity from its consulting practice as rival Big Four firm Ernst & Young contemplates such a move.

The International Federation of Accountants signed a memorandum of understanding to support efforts to improve financial transparency, accountability and anti-corruption efforts in the public health sector around the world.

PricewaterhouseCoopers was fined almost £5 million pounds ($6.22 million) for a series of poor audits of two U.K. construction companies, as the regulator continued to crack down on audit failings by the Big Four.

Ernst & Young is reportedly considering spinning off the auditing side of the firm to deal with growing pressure on the Big Four to avoid conflicts of interest with their consulting practices.

A possible split confronts the problem faced by all breakups: How do you create attractive businesses out of both when one is likely to be seen as inferior?

Sweeping audit reforms are aimed at reining in the dominance of the big firms and cleaning up the industry following a string of high-profile scandals.

Several hurdles remain in an impasse over audits on U.S.-listed Chinese companies to avoid forcing them off American exchanges as early as next year, an SEC official said.