Search Results for: Audi
GASB pension reporting: How to obtain and audit key numbers
June 2nd, 2014
State and local government employers who participate in multiple-employer defined benefit pension plans—and the governments’ auditors—may have difficulty obtaining data required by GASB’s new pension standards to prepare employer financial statements and auditing such information. GASB Statement No. 67, ...
KPMG’s audit discovers Portugese bank irregularities
May 23rd, 2014
An audit by KPMG of Portugese financial giant Espirito Santo International (ESI) has found it is in a “serious financial condition”. In a US regulatory filing by its affiliate Banco Espirito Santo, details are revealed about the parlous financial ...
Hong Kong court rejects EY’s case that China law protects mainland audit papers
May 23rd, 2014
A Hong Kong court on Friday rejected auditor EY’s contention that Chinese law prohibits the mainland partner of the firm previously known as Ernst & Young from passing on documents related to a former China client. The ruling, the ...
Logitech says audit committee investigating accounting matters
May 22nd, 2014
Logitech International SA said its audit committee is conducting an investigation into some of its accounting matters related to its earlier-stated results and the company may revise its fiscal year 2014 results. The Switzerland-based computer accessories maker said the ...
KPMG retains long-standing Greggs audit work
May 12th, 2014
The long-standing auditors of pie and sandwich chain Greggs have retained their role after a tender. KPMG has served as Greggs’ auditors since the retailer listed on the London Stock Exchange in 1984, during which time no tender has ...
ASIC suspends auditor
April 16th, 2014
The Australian Securities and Investments Commission (ASIC), has announced the suspension of the registration of Wayne John Wessels, the former auditor of whitegoods distributor Kleenmaid, following a successful application to the disciplinary body, the Companies Auditors and Liquidators Disciplinary ...
Regulators Fear Big Data Threatens Audit Quality
April 16th, 2014
Does audit firms’ emphasis on data analytics mean that audits themselves are suffering? Regulators around the world are worried that a rise in audit firms’ consulting business and a corresponding slowdown in the growth of revenues from traditional audits ...
Regulators suggest firms take deep dive into audit quality
April 11th, 2014
While acknowledging that auditors are under unprecedented scrutiny, an international association of audit regulators is asking audit firms to analyze causes of problems in audits globally in hopes of finding remedies. Lewis Ferguson, chair of the International Forum of ...
No standstill on standards for auditing
April 10th, 2014
ACCA (the Association of Chartered Certified Accountants) comments on the strategy and work programme of the IAASB for 2015-2016 Sue Almond, external affairs director at ACCA, says: ‘It is clear that there are huge demands on the International Auditing ...
EU Enacts 10-Year Auditor Rotation
April 4th, 2014
The European Parliament today enacted new rules requiring public companies to change auditors after a maximum of 10 years. EU member countries can decide to extend the 10-year auditor rotation period for up to 10 more years if companies ...
