Accounting standards

U.K. cake baker Patisserie Holdings Plc suspended its chief financial officer after uncovering “significant, and potentially fraudulent, accounting irregularities” and a demand for more than a million pounds in back taxes.

A competition watchdog started investigating the industry a day after another regulator said it was considering banning firms from doing consulting work for the companies they audit.

The International Auditing and Assurance Standards Board has released a revised standard for auditing accounting estimates and several related disclosures.

A case study explores IESBA’s new guidelines for avoiding conflicts of interest in auditing.

The bank was allegedly being used to launder billions of dollars in dirty money through its Estonian unit.

KPMG South Africa is seeking a chief executive officer from outside the auditing firm to rebuild trust after becoming embroiled in a series of scandals that cost the organization a number of high-profile clients.

The troubled bed retailer plans to close up to 700 stores.

The new revenue recognition standard doesn’t only affect publicly traded corporations and large privately held companies. It could have an impact on small businesses, particularly if they hope to obtain bank loans next year.

The International Integrated Reporting Council has tapped a former global managing partner at McKinsey & Company as its new head.

When entering a new market, there’s always the need for local knowledge.

The Big Four network saw its strongest growth in Asia, and advisory services.

Disruption is here, and shifting to advisory and consulting services is the wise move.

As technology infiltrates the auditing process, auditors must be sure to maintain and cultivate this core attribute.

Two new documents from the board suggest enhancements to the reporting model, and new ideas about recognizing elements in financial statements.

As multiple investigations into Danske Bank A/S get under way, Denmark’s government wants to know why the bank’s auditors appear to have missed signs that one of Europe’s biggest money laundering scandals was unfolding in front of them.

A legal fight kicks off to recover some of the billions of dollars investors lost after the South African retailer’s financial scandal.

Clients are also leaving as the Big Four firm works to restore trust.

FloQast, a provider of close management software, is eyeing the problems with the new revenue recognition standard, especially for privately held technology companies like itself.

Bloomberg Tax has introduced a leased assets application to help organizations comply with the Financial Accounting Standards Board’s new leasing standard.

Many companies are finding the transition to the new accounting standards to be trickier than expected.