Search Results for: Audi
Ernst & Young to Pay $11.8 Million for Audit Failures
October 19th, 2016
The Securities and Exchange Commission has announced that Ernst & Young LLP has agreed to pay more than $11.8m to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate ...
Russia Suspends U.S. Auditor Deloitte
October 14th, 2016
U.S auditing company Deloitte has been sanctioned by Russia‘s Federal Treasury, the Kommersant newspaper reported Wednesday. The Russian Treasury suspended Deloitte and Touche CIS from Russia’s self-regulatory Auditing Chamber of Russia, preventing the company from taking part in tenders or entering into new contracts for ...
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund
October 14th, 2016
Saudi Arabia and Japan’s SoftBank Group (9984.T) will create a technology investment fund that could grow as large as $100 billion, making it one of the world’s largest private equity investors and a potential kingpin in the industry. The ...
ASIC warns AFS licensees to lodge financial statements and auditor’s reports on time
October 6th, 2016
ASIC has been pursuing Australian Financial Services (AFS) licensees that have failed to meet their obligation to lodge their annual financial statements and auditor’s reports with ASIC within the specified timeframe. Licensees with a financial year ending 30 June ...
Saudi riyal falls in forwards mkt after U.S. Congress vote
September 29th, 2016
The Saudi riyal fell moderately against the U.S. dollar in the forwards market on Thursday after the U.S. Congress voted to allow relatives of victims of the Sept. 11 attacks to sue Saudi Arabia. The Senate and House of ...
Ernst & Young, Former Partners Charged With Violating Auditor Independence Rules
September 20th, 2016
The Securities and Exchange Commission today announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on a personal ...
PwC moves into FIFA audit hot-seat
September 19th, 2016
PricewaterhouseCoopers (PwC) have stepped into the hot-seat vacated by KPMG as statutory auditors of FIFA. The world football body announced that the Bureau of the FIFA Council had appointed PwC Switzerland to the role. The move comes three months ...
KPMG faces disciplinary formal complaints over audit concerns
September 7th, 2016
The Financial Reporting Council’s (FRC) Executive Counsel has delivered disciplinary formal complaints under the Accountancy Scheme and the Actuarial Scheme in connection with the conduct of KPMG LLP, Mr Mark Taylor, Mr Anthony Hulse, members and a member firm ...
Saudi, Russia Vow Oil Cooperation Without Agreeing to Freeze
September 6th, 2016
Countries have ‘number of tools’ for joint action, Novak says Oil pares gains as rapprochement falls short of concrete steps The world’s top two crude-oil producers pledged to cooperate to stabilize global markets, while failing to announce any specific ...
KPMG named top listed company auditor
September 5th, 2016
KPMG has retained its position as the listed company auditor, according to the latest Adviser Rankings. According to its third quarter guide, KPMG retains first position for total stock market clients after it gained six new clients to reach ...
