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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.
August 26 -
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.
August 26 -
Looking beyond U.S. borders for growth opportunities isn't for every small business, but many are finding success worldwide.
August 24
Wise -
The multibillion-dollar commodities trader was forced to restructure after years of losses and accusations of improper accounting.
August 24 -
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.
August 18 -
The company is shifting course as global regulators crack down on digital asset services.
August 18 -
The board sanctioned the Big Four firm's member firm in South Korea and two of its former auditors for violating quality standards.
August 17 -
The professional services firm said it would no longer consider a 2:1 degree as a minimum requirement for entry-level jobs or internships.
August 17 -
The International Federation of Accountants unveiled a web page that presents reports, documents, case studies and other materials.
August 16 -
The inspections add to the challenges facing the Shenzhen-based company at the center of China's real estate crisis.
August 15 -
Five of China's largest state-owned companies announced plans to delist from U.S. exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.
August 12 -
The U.K. telecom giant was hit by massive fraud at its Italian unit.
August 9 -
Erica Williams is throwing cold water on a workaround that’s been floated as a way to avoid delisting of Chinese companies from U.S. stock exchanges.
August 1 -
Sustainability advocates and accountants say the ISSB’s proposals fall short of what’s needed to protect the environment.
July 29 -
The International Auditing and Assurance Standards Board plans to bolster the International Sustainability Standards Board’s proposed standards with its own.
July 26 -
The Big Four U.K. firm, one former partner and four former employees faced sanctions over auditing problems at two clients.
July 25 -
The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession worldwide.
July 20 -
The clock is ticking to avoid a 2024 deadline for kicking businesses off the NYSE and Nasdaq unless U.S. regulators get full access to inspect their audit work papers.
July 20 -
The push by the city-state’s firms to offer larger paychecks reflects the broader competition for skilled talent in the financial hub.
July 20 -
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.
July 20
















