International accounting

The IFRS Foundation has signed a memorandum of understanding with the World Bank to help developing countries use International Financial Reporting Standards.

Grant Thornton International has named Peter Bodin, the former CEO of Grant Thornton Sweden, as CEO-elect, succeeding Edward Nusbaum, who will retire at the end of the year.

PricewaterhouseCoopers’ firm in the United Kingdom was fined a record £5 million ($6.4 million) by the U.K.’s Financial Reporting Council for its audits of Connaught, a social housing maintenance business that collapsed in 2010.

A French firm that claimed the Arthur Andersen name has lost a legal ruling in India against Andersen Tax, a few weeks after another setback in the U.S.

The Association of Chartered Certified Accountants welcomed top officials from some of the world’s leading accounting organizations to an event highlighting the growing importance of integrated reporting.

The IFRS Foundation, the group that oversees the International Accounting Standards Board and its work on International Financial Reporting Standards, issued its annual report for 2016 on Tuesday, with a look ahead at where global standards are expected to go this year.

Mandatory change of auditing firms and engagement partners doesn’t necessarily foster greater professional skepticism, according to new research.

The International Accounting Standards Board has proposed a set of minor amendments to the financial instruments standard to make it easier to implement.

The Public Company Accounting Oversight Board announced six settled actions against non-U.S. accounting firms late last month for failure to report certain disciplinary or regulatory actions against them in their home country.

The U.S. offices of a recently relaunched Arthur Andersen network have shut down as part of a legal settlement with one of the firms to resolve trademark infringement claims by Andersen Tax.

The Public Company Accounting Oversight Board has disciplined the former chief executive officer and chairman of Deloitte’s Brazil firm for failing to cooperate with a PCAOB investigation.

The British grocery company agrees to a 214 million pound penalty to resolve regulatory probes.

While issues of immigration, trade and freedom of the Fourth Estate are dominating the media cycle, there are other significant areas of policy flux worthy of consideration as President Donald Trump’s term gathers momentum.

Two former managing partners and chief executives are weighing in on the legal wrangling over the trademark, as the dispute escalates further.

Homex allegedly falsified sales of over 100,000 homes to inflate revenue for three years in a row.

A company calling itself Arthur Andersen announced it has reconstituted the former Big Five firm in 16 countries, but its rights to the brand are being challenged by another firm that took the Andersen name in 2014.

The International Integrated Reporting Council is asking for comments on how companies are using the framework it issued three years ago for reporting on matters beyond simply a company’s financials.

The International Federation of Accountants has released a new study on how accountants can play a big role in reducing corruption around the world.

A global vision enables practices to better serve clients in a rapidly expanding world.

Tax reform may encourage the use of digital currency.