Search Results for: Audi
E&Y Japan has launched an in-house investigation into its audit in relation of Toshiba Corp accounting scandal
August 3rd, 2015
The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker’s $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst ...
SEC charged Two men and Eight companies with defrauding investors
July 31st, 2015
The Securities and Exchange Commission today charged two men and eight companies with defrauding investors, many of them upstate New York residents, who purchased the companies’ securities and so-called “charitable gift annuities.” According to the SEC’s complaint filed in ...
4 Key Issues Confronting Internal Auditors
July 30th, 2015
Most internal auditors lack adequate flexibility to meet business challenges and unexpected risks, according to a recently released report by the Institute of Internal Auditors (IIA). The IIA polled more than 14,500 internal auditors in 166 countries for the report, 2015 Global Pulse ...
PwC flying high after retaining EasyJet audit despite 10-way tender
July 29th, 2015
EasyJet will keep hold of PwC as its auditor after nine years in the role, despite putting the £400,000 account out to tender to nine other audit firms. The low-budget airline announced its intention to make the recommendation to ...
Lessons From Toshiba: When Corporate Scandals Implicate Internal Audit
July 28th, 2015
Last week’s high-profile resignations of CEO Hisao Tanaka and eight other Toshiba Corp. executives amid revelations of systemic and prolonged financial misstatements raise questions anew about Japan’s corporate governance culture. The venerable conglomerate, which makes everything from consumer electronics ...
Institutes retain regulatory powers over auditors
July 23rd, 2015
Acounting institutes will retain their role as regulators of the accounting profession and the structure of audit regulation will be maintained and will not be subject to statutory legislation when the government implements the EU Audit Directive and Regulation. In a ...
Deloitte Trials Blockchain Tech for Client Auditing
July 16th, 2015
Professional services firm Deloitte has revealed it is trialling blockchain technology to automate client auditing and crowdsource its consulting efforts, among other applications. With the announcement, Deloitte – one of the world’s ‘Big Four’ audit firms – becomes the ...
PwC is to lose audit power of Aggreko to rival KPMG
July 15th, 2015
PwC is to lose the audit of temporary power outfit Aggreko next year, after 18 years, when Big Four rival KPMG takes control of the £1.1m account. The move is subject to shareholder approval at Aggreko’s 2016 AGM, after ...
Ten Imperatives for Internal Audit
July 8th, 2015
CBOK report from The IIA’s Research Foundation offers direction in a rapidly changing world Organizations are relying increasingly on internal audit to provide insight on operational, business, and strategic risks, especially as cybersecurity and other geopolitical challenges loom prominently. ...
Internal Audit of the Future: Nimble, Flexible
July 7th, 2015
IIA’s 2015 Global Pulse report urges broader, more flexible approach to risk Internal audit departments need to demonstrate flexibility and agility to address today’s complex and dynamic business challenges, but a new report from The IIA finds much remains to ...
