Search Results for: Audi
Canada and Saudi oil set for refinery showdown
January 8th, 2015
As a test of wills between OPEC nations and US shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America’s Gulf Coast refinery market threatens to drive prices even ...
Saudi Arabia will allow foreigners to own stakes in its listed companies
December 30th, 2014
Saudi Arabian stocks rallied yesterday amid signs that that the world’s biggest oil exporter would allow foreigners to own stakes in its listed companies by April next year. The drop in oil prices, however, may deter investment in the ...
PWC Report: A Guide to Cloud Audits
December 22nd, 2014
Today, Internal Audit is in a state of rapid transformation, thanks largely to cloud technologies. IT is rapidly modernizing our data centers from virtualization to software defined data centers so as to build out increasingly sophisticated private clouds. Inevitably, ...
Audit and assurance for SMEs
December 22nd, 2014
While regulators are lifting the audit thresholds around the world, SMEs still see the access to funding as a challenge. This raises the issue of the value of assurance services for SMEs and the role of accountants in offering, ...
Hong Kong-based audit firm and two accountants charged by SEC
December 18th, 2014
The Securities and Exchange Commission imposed sanctions against a Hong Kong-based audit firm and two accountants for failing to properly audit year-end financial statements of a company that the SEC has charged with fraud. An SEC investigation found that Baker ...
Grant Thornton resigns Quarto audit over conflict of issue and Deloitte duly took over with immediate effect
December 17th, 2014
DELOITTE has scooped the audit account of international publishing group Quarto from incumbent firm Grant Thornton following a conflict of interest issue. Quarto’s directors announced the move to the stock market following the emergence of a conflict of interest ...
Joe Hockey announces profit-shifting tax audit of 10 multinationals
December 9th, 2014
Australia will consider passing stronger laws against tax avoidance, the treasurer says, as tax office ‘embeds’ staff within companies The Australian Tax Office is auditing 10 multinational corporations and the government will consider introducing new laws aimed at targeting ...
SEC Sanctions Eight Audit Firms for Violating Auditor Independence Rules
December 9th, 2014
The Securities and Exchange Commission today sanctioned eight firms for violating auditor independence rules when they prepared the financial statements of brokerage firms that were their audit clients. SEC investigations found that the audit firms, which agreed to settle ...
Audit Office says benefits fraud and error costs £72m
December 9th, 2014
Benefit overpayments due to fraud and error in Northern Ireland rose to £72m in 2013, according to figures contained in an Audit Office report. The 2013 total is an increase of £3m on the previous year and relates to ...
7 risk areas for the 2014 audit cycle
December 5th, 2014
Revenue recognition, internal control over financial reporting, and professional skepticism are among the seven key areas for 2014 audit consideration, according to an alert sent Thursday by the Center for Audit Quality (CAQ). The alert is designed to help ...
