International accounting

Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker’s 200-plus stores.

Testifying at the accounting fraud trial of two former executives, the U.K. retailer's chief talked of his genuine shock when he was first shown a report that described howthe company had overstated income by 246 million pounds ($326 million).

Text message recipients were told there was impending, unspecified bad news coming before the accounting scandal unfolded.

U.K. cake baker Patisserie Holdings Plc suspended its chief financial officer after uncovering “significant, and potentially fraudulent, accounting irregularities” and a demand for more than a million pounds in back taxes.

A competition watchdog started investigating the industry a day after another regulator said it was considering banning firms from doing consulting work for the companies they audit.

The International Auditing and Assurance Standards Board has released a revised standard for auditing accounting estimates and several related disclosures.

A case study explores IESBA’s new guidelines for avoiding conflicts of interest in auditing.

The bank was allegedly being used to launder billions of dollars in dirty money through its Estonian unit.

KPMG South Africa is seeking a chief executive officer from outside the auditing firm to rebuild trust after becoming embroiled in a series of scandals that cost the organization a number of high-profile clients.

The troubled bed retailer plans to close up to 700 stores.

The International Integrated Reporting Council has tapped a former global managing partner at McKinsey & Company as its new head.

When entering a new market, there’s always the need for local knowledge.

The Big Four network saw its strongest growth in Asia, and advisory services.

As multiple investigations into Danske Bank A/S get under way, Denmark’s government wants to know why the bank’s auditors appear to have missed signs that one of Europe’s biggest money laundering scandals was unfolding in front of them.

A legal fight kicks off to recover some of the billions of dollars investors lost after the South African retailer’s financial scandal.

Clients are also leaving as the Big Four firm works to restore trust.

The Big Four firm posted $43.2 billion for FY2018, an 11.3 percent increase.

The Accounting for Sustainability Project is challenging the profession to help companies meet the United Nations’ Sustainable Development Goals.

The Public Company Accounting Oversight Board has entered into a cooperative agreement with the Audit Oversight Body of Austria to do joint inspections and oversight of auditing firms that are subject to both U.S. and Austrian jurisdiction.

Martin Baumann has been appointed as the new chair of the International Auditing and Assurance Standards Board.