International accounting

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.

One of the Big Four accounting firms has taken a welcome step to improving the credibility of the financial statements published by London-listed companies.

The retailer provided South African officers with information about transactions involving more former executives who may have contributed to its accounting crisis.

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The International Integrated Reporting Council, the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Carbon Disclosure Project are working to harmonize standards.

Nearly two-thirds of governments are expected to report on an accrual basis within the next five years.

The International Federation of Accountants has elected Dr. In-Ki Joo of South Korea as president for a two-year term through November 2020.

A new survey by the International Federation of Accountants examines trends in 150 countries.

A Russian national was charged by the U.S. for allegedly being one of the masterminds behind a conspiracy to interfere in both the 2016 and 2018 elections, marking the first charges related to next month’s congressional midterm vote.

The firm relied on technical reports done by an affiliate during three consecutive audits of a Canadian gold-mining company.