International accounting

Revenues at the international accounting firm network increased 7.1 percent to reach a record amount for the fiscal year ending Sept. 30, 2018.

The international accounting firm network reported a 10.7 percent increase for the fiscal year ending Sept. 30, 2018.

The auditor that shed clients and staff hopes to reestablish its business in the country.

The news comes exactly a year after the disclosure of accounting irregularities and the resignation of its CEO threw the company into crisis.

Auditors such as KPMG LLP and PricewaterhouseCoopers LLP must do better when it comes to compiling a key part of companies’ annual reports, their U.K. regulator warned.

The 2014 scandal prompted a boardroom house-cleaning and an overhaul of the U.K. grocer’s supplier relations.

The global chairman and CEO is planning to step down after six years running EY’s global network.

Michael Lynch, the former chief executive officer of Autonomy Corp., stepped down Friday as an adviser to U.K. Prime Minister Theresa May after he was charged with fraud by the U.S.

The megamerger would create a powerful rival to the Big Four in the British audit market.

The auditing firm new CEO is expected to replace Nhlamulo Dlomu, who will be taking up a global role May 1.

The commodity-trading firm is being investigated by three Singaporean agencies more than three years after a whistle-blower questioned the company’s accounting.

The Nissan chairman was arrested in Japan for alleged financial violations and faces removal from his job.

The International Accounting Standards Board voted to propose a one-year delay, so the new rules would take effect in 2022, instead of 2021.

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.