International accounting

IFAC signed an agreement with two global health groups to improve accounting practices in the public health sector.

Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization.

KPMG U.K. Ltd. faces a 15 million pound ($21 million) fine after it committed “gross misconduct” over a conflict of interest when it advised bed manufacturer Silentnight and the private equity firm that bought it in 2011.

The Big Four firm is investing in an overhaul targeting better audits, digitization of services and greener operations.

PricewaterhouseCoopers is restructuring its U.S. firm into two business segments, and redefining its global strategy around the concept of trust.

The International Auditing and Assurance Standards Board issued two new implementation guides Monday for its recent quality management standards.

A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade.

Almost three-quarters of inspections showing sub-par work, according to the watchdog.

International Accounting Standards Board chair Hans Hoogervorst is looking back at the growth of International Financial Reporting Standards as his decade running the IASB is set to end this month.

The IFRS Foundation is looking for a chair and vice-chair of a board that will set global ESG reporting standards.