International accounting

The International Ethics Standards Board for Accountants has released its 2021 Edition of the Handbook of the International Code of Ethics for Professional Accountants, including International Independence Standards.

Two people charged over the accounting scandal at the furniture retailer must stand trial in Germany.

The firm expects roughly $28.9 million for its first year as administrator of the collapsed lender’s U.K. operations.

The struggling U.K. fashion retailer has failed to keep pace on price with its high-street rivals and has been closing stores.

Gabriela Figueiredo Dias will become the first chairwoman of the International Ethics Standards Board for Accountants on Jan. 1, 2022.

The Global Reporting Initiative unveiled its revised Universal Standards on Tuesday to reflect due diligence expectations for organizations to manage their sustainability impacts, including on human rights.

The U.K.’s accounting watchdog has imposed sanctions against Grant Thornton Ltd., and a partner at the business, for its role in the alleged accounting fraud at the Patisserie Valerie bakery chain.

The framework will govern how the board determines if it can’t inspect or investigate a foreign accounting firm.

Deloitte reported its global revenue grew 5.5% in the fiscal year ending May 31, 2021 to $50.2 billion as the firm increased its workforce 3.2% to 345,000.

The FRC filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees over their role in past audits of two companies.

The Big Four firm was fined a reduced penalty of about 2.2 million pounds ($3 million) due to mitigating circumstances.

A string of high-profile scandals have pushed the work of the world’s biggest auditors back into the spotlight.

The International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards.

Even as Mike Lynch faces potential extradition to the U.S. on fraud charges, those who have stayed loyal to him are reaping the rewards.

The U.K.’s industry regulator said it was “unacceptable” that for the third year running the accounting firm’s work wasn’t up to scratch.

The hospital operator’s founder said the firm enjoyed a “deep and cozy” relationship with executives at the troubled company.

The Institute of Management Accountants officially appointed J. Stephen McNally as chair of the IMA’s global board of directors, and he plans to focus on the organization’s growing presence internationally.

Accounting firms are restricting corporations from holding the cryptocurrency as assets even as they give free rein to venture capital firms to invest in equally risky and volatile unicorns.

The Malaysian government is seeking more than $5.6 billion from the auditors over their role in auditing the state investment fund.

The South African-Dutch-German retailer may soon release a revised proposal to resolve more than $8 billion of legal claims after a previous deal recently fell through.