auditing

Ernst & Young, KPMG Reported To Danish Police For Money Laundering
Ernst & Young, KPMG Reported To Danish Police For Money Laundering
April 15, 2019  |  B2B Payments

Danish operations of Ernst & Young (EY) and KPMG are now under investigation by Danish police related to money laundering cases. According to Bloomberg, EY...

READ MORE >
Asiana Airlines CEO Quits Amid Accounting Debacle
Asiana Airlines CEO Quits Amid Accounting Debacle
March 29, 2019  |  B2B Payments

The co-chief executive officer of Asiana Airlines is exiting the company following an accounting debacle that led two auditors to reject the company’s annual reports....

READ MORE >
UK Bows To Criticism, Forms New Accounting Watchdog
UK Bows To Criticism, Forms New Accounting Watchdog
March 13, 2019  |  B2B Payments

The U.K. government is readying to create a new accounting and auditing watchdog after months of scrutiny that the current regulatory landscape has failed to...

READ MORE >
No Breakup For UK’s Big Four Accountancy Firms
No Breakup For UK’s Big Four Accountancy Firms
December 19, 2018  |  B2B Payments

The U.K.’s Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardian reported...

READ MORE >
Accounting Expertise In C-Suite Can Compromise Financial Reports
Accounting Expertise In C-Suite Can Compromise Financial Reports
November 26, 2018  |  B2B Payments

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of...

READ MORE >
Accounting Scandals Lead UK To Review Watchdog Powers
Accounting Scandals Lead UK To Review Watchdog Powers
April 18, 2018  |  B2B Payments

A slew of accounting scandals in the U.K. has led the government to launch an inquiry into the powers of the Financial Reporting Council (FRC), the...

READ MORE >
Serious Accounting Problems Found In 40 Percent Of Audits, Watchdog Says
Serious Accounting Problems Found In 40 Percent Of Audits, Watchdog Says
March 13, 2018  |  B2B Payments

Forty percent of audits inspected by the International Forum of Independent Audit Regulators (IFIAR) included serious problems, according to news from The Financial Times on Monday...

READ MORE >
PwC Hit By Two-Year Ban In India
PwC Hit By Two-Year Ban In India
January 12, 2018  |  B2B Payments

India regulators have banned PricewaterhouseCoopers (PwC) from auditing in the nation for the next two years, according to news from The Financial Times this week. According to...

READ MORE >
Getting Accountants Ready For The Potential Of A Blockchain Future
Getting Accountants Ready For The Potential Of A Blockchain Future
December 07, 2017  |  B2B Payments

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. Yes,...

READ MORE >