International accounting

Americanas sought bankruptcy protection after its shares tumbled 77% in one day and dollar bonds sank to 15 cents on the dollar following the reporting of the massive accounting hole.

The international network of audit, tax and advisory firms reached €2.45 billion ($2.6 billion) in total fee income.

In his first public comments about his involvement in an episode that wiped out billions of euros in shareholder value, Braun spoke of a "day of shock and pain."

Net zero pledges made by some of the world's largest corporations fall far short of the progress required.

The Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short-seller attack accusing his companies of accounting fraud.

The $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn't catch it at Americanas SA.

Twitter Inc.'s U.K. unit failed to report its 2021 corporate finances by a December deadline, the government's public registry said.

Crowe U.K. replaced the Big Four firm as the auditor of U.K. entities including Adani Energy Holdings after the Indian firm bought them in 2021.

A short-seller accused the the company of "brazen" market manipulation and accounting fraud.

CFOs at some of the U.K.'s largest companies have already complained to the Big Four about the high costs of audits.

Hindenburg Research had published a 100-page report alleging that its two-year investigation found "brazen stock manipulation and accounting fraud."

Accountants are gaining a bit more confidence in the global economy, especially in North America and Western Europe, but uncertainties linger.

The Indian company may sue U.S. investor Hindenburg Research after the short seller released a report alleging "brazen" market manipulation and accounting fraud.

The Brazilian retailer filed for bankruptcy protection after finding billion-dollar "accounting inconsistencies" that artificially boosted profits and reduced its reported liabilities by half.

The International Auditing and Assurance Standards Board is asking for feedback on a new section of a proposed auditing standard that would cover group audits of less complex entities.

The firm's worldwide revenues in 2022 reached $8.132 billion, increasing 15% this past year and 41.7% over the last three years.

Italy's football federation penalized the billionaire Agnelli family's team by cutting its points standing following an investigation into accounting practices.

The venture capital firm will work with Ernst & Young on some of these audits and will increase budget allocations to help investee companies put governance guardrails in place.

Hours after revealing a scandal, Sergio Rial attempted to explain the accounting gap that pushed him to quit his new job at the helm of Americanas.

EY Chief Executive Officer Carmine Di Sibio said "it's business as usual" when it comes to hiring, with a tight jobs market even as several big firms begin to cut staff.