Search Results for: Audi
Accounting threshold shifts risk lasting damage to audit profession
April 29th, 2015
Earlier this month, on 6 April, a new EC directive quietly slipped into force. The less than snappily titled Companies, Partnership and Groups (Accounts and Reports) Regulations 2015 – the UK’s implementation of the EU Accounting Directive – passed onto the ...
Saudi bourse to open to foreign investors from June 15
April 17th, 2015
Saudi Arabia‘s market regulator said on Thursday that the opening of the kingdom’s stock exchange to direct foreign investors will take place on June 15. The Capital Markets Authority said in a statement that it will publish the final ...
Ernst & Young settles with N.Y. for $10 million over Lehman auditing
April 16th, 2015
Ernst & Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney ...
ICAS and CIPFA launch landmark integrated qualification in audit
April 16th, 2015
ICAS and The Chartered Institute of Public Finance and Accountancy (CIPFA) have announced that they intend to work together to produce a ground-breaking new joint qualification in both public and corporate sector audit. The qualification will combine the unrivalled ...
Saudi Arabia’s move for larger global oil market share to adversely affect Russian economy
April 9th, 2015
The feedstock production growth in Saudi Arabia will adversely affect the Russian economy, Kuwait-based oil expert Kamel al-Harami says Saudi Arabia is seeking after the larger OPEC’s share on the global oil market by boosting the oil output and ...
Oil down on U.S. stock build, record Saudi output
April 8th, 2015
Oil prices fell more than a percent on Wednesday as industry data showed a larger-than-expected weekly build in U.S. stockpiles and as Saudi Arabia reported record output in March. The decline in prices followed a rally on Tuesday, when U.S. crude approached 2015 highs ...
Saudis Raise Oil Pricing to Asia on Signs of Demand Growth
April 6th, 2015
Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving. State-owned Saudi Arabian Oil Co. narrowed the discount for its Arab Light grade to ...
Oil prices surge after Saudi air strikes in Yemen
March 26th, 2015
Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as importers saw no immediate threat to supplies. The strike against ...
HSBC switches auditors to PwC after decade with rivals KPMG
March 19th, 2015
HSBC yesterday announced plans to appoint PricewaterhouseCoopers (PwC) as its auditor, replacing KPMG which had held the position since 1991. Europe’s biggest bank said the appointment would be put to shareholders at its 2015 annual general meeting on 24 April, ...
EXNESS takes the lead with the release of audited funds and trading volumes
March 13th, 2015
EXNESS has today called on the retail Forex industry to become more transparent regarding broker funds and trading volumes, so that traders can assess the financial strength of brokers and their ability to withstand market shocks. George Tsaparillas, Director ...
