International accounting

China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group.

Unlike the U.S., where the federal government can offer tax breaks, EU taxation rests with member states, leaving the bloc to work largely through loans and grants.

PricewaterhouseCoopers resigned as auditor for defaulted developer Country Garden Holdings, as both firms navigate challenges to keep operations afloat in China.

The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.

Olli Zeidler was one of 10 Deloitte professionals who competed at the 2024 Olympics and Paralympics.

The advice will help in determining the appropriate situations to use the standard.

PricewaterhouseCoopers LLP's China unit expects the Chinese government to hand down a six-month ban as part of punishment over its audit of failed property giant China Evergrande Group, according to a person familiar with the matter.

The International Public Sector Accounting Standards Board has proposed an update to its rules for first-time adoption of accrual basis International Public Sector Accounting Standards.

China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.

An ex-board member was also charged in the long-running scandal, both for breach of trust in approving sketchy loans.

Going concern opinions have slowly decreased over the last two decades, with the exception of spikes during the 2008 financial crisis and the years of the COVID-19 pandemic.

The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, plus a prestigious law firm in Spain.

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards.

CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.

The International Auditing and Assurance Standards Board issued new advice for auditing smaller companies.

The Accounting and Financial Reporting Council is still carrying out a separate investigation into audits on China Evergrande Group.

Following an exodus of major clients, Big Four firm PricewaterhouseCoopers is cutting at least a hundred employees in China.

The police are looking into possible accounting and marketing fraud, market manipulation and use of privileged information.

The International Federation of Accountants teamed up with the Pan African Federation of Accountants to report on how the profession can play a key role in transforming the continent's finances.

Brazilian Federal Police carried out their most extensive operation yet to punish those responsible for a massive fraud carried out at retailer Americanas SA with arrest and search warrants issued in Rio de Janeiro.