International accounting

Utilizing a shadow payroll process, the payroll in the work country shadows (or mirrors) the compensation paid to the employee in their origin country.

Ernst & Young reported a 13.7% revenue increase in U.S. dollars and 16.4% in local currency terms in fiscal 2022, the highest growth in nearly two decades.

PCAOB inspections will take place in Hong Kong under a preliminary agreement reached between American and Chinese regulators to avoid delisting.

After a decades-long impasse that led to a threat to kick about 200 Chinese firms off New York stock exchanges, PCAOB inspectors may soon get their first look under the hood of some of China's largest corporations.

PCAOB sanctions Canadian firm over noncooperation with inspections

The International Accounting Standards Board introduced update proposals for the IFRS for SMEs accounting standard for small and medium-sized entities.

Her son, Charles, a longtime proponent of the accounting profession's role in sustainability reporting through the group he founded in 2004, Accounting for Sustainability (A4S), is succeeding her on the throne as King Charles III.

The Big Four firm's leaders have approved a plan to separate EY's audit and consulting businesses around the world.

The Big Four firm reported record revenue worldwide for fiscal year 2022 of $59.3 billion.

The warning follows several businesses switching to U.S. auditors amid an ongoing dispute between regulators in Washington and Beijing.

The plan includes more than 30 specific actions for the accounting profession related to education, evidence-based policy, global standards, partnership and thought leadership.

The firm discovered during an audit in December that it had made an error in processing seven months earlier.

Noble collapsed into insolvency in 2018 after huge losses and accusations of improper accounting wiped out more than $10 billion in market capitalization.

The PCAOB has picked some Chinese companies for the first batch of inspections after reaching a deal with China to end a decades-long impasse.

The Public Company Accounting Oversight Board levied $275,000 in penalties against KPMG's member firm in South Africa and two partners for improperly using and misreporting work done in Zimbabwe.

Under the agreement, inspectors will be able to see complete work papers without any redactions and select any issuer audits.

Forensic investigators from PwC confirmed that 6.5 billion euros ($6.5 billion) in fictitious or irregular income had been recorded at Steinhoff between 2009 and 2016, making it South Africa's largest known fraud.

American officials would be able to review audit documents of Chinese businesses that trade in the U.S., a first step toward avoiding the delisting of about 200 firms from New York.

Looking beyond U.S. borders for growth opportunities isn't for every small business, but many are finding success worldwide.

The multibillion-dollar commodities trader was forced to restructure after years of losses and accusations of improper accounting.