International accounting

The Public Company Accounting Oversight Board imposed a $250,000 penalty on Marcum LLP and its Marcum Bernstein Pinchuk unit over audits of Chinese companies.

Ratcliffe and other senior Ineos executives caused tension with the company’s auditor, PwC.

The Association of Chartered Certified Accountants is connecting its members and affiliates with each other after a successful pilot test in six markets.

KPMG is already starting to use the new standards to improve audit quality globally.

If the pandemic has a silver lining, it’s that the global accounting world is becoming smaller and borderless.

KfW, Germany’s third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country’s Wirecard accounting scandal.

Germany’s financial regulator is considering opening a probe into Grenke AG’s accounting practices, wading deeper into the controversy after criticism of its failure to unearth fraud at Wirecard AG.

The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.

Large firms have been reporting revenue increases amid the pandemic.

Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.