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KPMG LLP’s South African unit sees 400 people leaving the embattled company as it closes some regional offices and focuses its operations on four cities across the country.
June 4 -
The Neat-Freak Partner Program is available to all firms and is set up to facilitate collaboration between accountants and their clients, while also providing incentives.
June 1 -
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With the effective date for the new lease accounting standard taking effect at the end of the year for public companies, many are finding themselves unprepared and their accounting systems in need of an upgrade.
May 30 -
Samsonite International SA, the world’s largest branded-luggage maker, tumbled the most since 2012 after short-seller Blue Orca Capital questioned the company’s accounting and corporate governance.
May 24 -
Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate standards.
May 24
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The Public Company Accounting Oversight Board censured Deloitte & Touche LLP and imposed a $500,000 penalty against the Big Four firm for overlooking material accounting errors during three consecutive audits of Jack Henry & Associates, Inc., a Missouri-based IT provider for banks and credit unions.
May 24 -
The International Foundation of Accountants has released the fourth edition of its Guide to Practice Management for Small- and Medium-Sized Practices (the Guide) to help small and midsized accounting practices meet the challenges of the globalized digital world.
May 24 -
KPMG LLP is conducting an internal review into its audits of embattled Middle East buyout firm Abraaj Group following the alleged misuse of money, according to people with knowledge of the matter.
May 24 -
The Financial Accounting Foundation has published its annual report on the Financial Accounting Standards Board and the Governmental Accounting Standards Board it oversees.
May 23 -
The American Institute of CPAs has issued a new standard to provide guidance for CPAs performing compilations and reviews to address international reporting issues.
May 23 -
The new direct deposit offerings allow employers to pay contractors faster, and employees on the same day.
May 23 -
The Governmental Accounting Standards Board has released implementation guidance with questions and answers to explain and elaborate on some of its recent standards.
May 22 -
Martin Baumann's leaving follows last week's resignation of inspections director Helen Munter.
May 22 -
The AICPA chief challenged the profession to embrace changes in auditing, technology and more.
May 21 -
Steinhoff International Holdings NV is seeking a three-year extension on most of its 9.6 billion euros ($11.3 billion) of debt as the retailer battles to come to grips with an accounting scandal that’s wiped more than 96 percent off the share price.
May 18 -
CPAmerica International is celebrating its 40th anniversary as the association continues to expand in the U.S. and reaches out abroad.
May 17 -
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Carillion Plc deceived lenders and investors about its debt levels and was enabled by “complacent” auditors who failed to challenge its “aggressive” accounting, according to a U.K. Parliament report.
May 16 -
The former Carr, Riggs & Ingram partner is stepping down after a year and a half, for personal reasons.
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