PCAOB Finds Problems with KPMG Audits
December 7th, 2016
The Public Company Accounting Oversight Board released a report Tuesday on its 2015 inspection of KPMG LLP, finding problems with 20 of the 49 companies whose audits by the firm were inspected. The PCAOB also reviewed the firm’s audit ...
Internal Auditor
December 6th, 2016
Responsibilities & Duties Assist the Senior Internal Auditor conduct independent reviews, assessments and audits on all the facets of the company’s operations. The scope of work will include but it is not limited to financial, operational, dealing, compliance and ...
PCAOB Enters Into Cooperative Agreement with Italian Audit Regulator
November 30th, 2016
The Public Company Accounting Oversight Board today announced that it has entered into a cooperative agreement with the Italian audit oversight regulator Commissione Nazionale per le Società e la Borsa (CONSOB). The agreement allows for cooperation between the PCAOB ...
ACCA-Grant Thornton: Auditors need to adapt and constantly innovate
November 24th, 2016
There are challenges ahead and the profession has a choice of embracing them or being left behind – were the main conclusions of a joint ACCA-Grant Thornton conference recently held in Brussels In today’s world, everything is in constant ...
Saudi Arabia warns Trump against stopping imports of its oil
November 17th, 2016
Riyadh has warned the incoming US president Donald Trump of consequences if he chooses to stick to his election promise to block Saudi oil imports. During the election campaign, Trump promised to make the US energy sector independent from “our ...
BP picks new auditor in Deloitte
November 15th, 2016
BP will ask its shareholders to approve the appointment of Deloitte as the company’s auditor for the financial year 2018 at its AGM. EY will retain the role of external auditor for BP and will carry out the audits for ...
VW, Audi Confirm Investigation Into Carbon Dioxide Levels in Some Audi Cars
November 14th, 2016
Volkswagen AG and its Audi AG luxury unit on Saturday confirmed that U.S. and European investigators are looking into fresh irregularities related to carbon dioxide emissions levels in certain Audi automatic-transmission vehicles. Volkswagen said it was in talks with U.S. and European regulators over ...
Saudi Arabia may soon go bankrupt If no changes are made; Saudi experts
November 3rd, 2016
A two-year drop in oil prices has inflicted a dramatic blow to the economy of one of the world’s richest countries. If no changes are made, Saudi Arabia, according to some Saudi experts, will go bankrupt in three to ...
Two new audit partners at BDO
October 25th, 2016
Accountancy and business advisory firm BDO LLP has appointed two new partners following continued growth and investment in its audit practice. Diane Campbell and John Perry join the firm with significant experience in dealing with international audit clients. Both have worked overseas ...
Russia & Saudi Arabia agree to stabilize oil market
October 25th, 2016
Moscow and Riyadh have found common ground on a possible agreement with OPEC and a plan to stabilize oil prices after a meeting in the Saudi capital. Russian Energy Minister Alexander Novak met with representatives of Saudi Arabia and ...
