International accounting

The International Auditing and Assurance Standards Board issued two new implementation guides Monday for its recent quality management standards.

A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade.

Almost three-quarters of inspections showing sub-par work, according to the watchdog.

International Accounting Standards Board chair Hans Hoogervorst is looking back at the growth of International Financial Reporting Standards as his decade running the IASB is set to end this month.

The IFRS Foundation is looking for a chair and vice-chair of a board that will set global ESG reporting standards.

The International Accounting Standards Board proposed a comprehensive framework for management discussion and analysis to better align with investor needs.

The goal of the offset market is to reduce emissions, but without clear accounting and strict regulations there’s a big risk of greenwashing.

The Public Company Accounting Oversight Board has proposed a rule for implementing a recent law that penalizes foreign companies whose auditing firms can’t be inspected by the PCAOB.

The new SEC chair should prevent high-earning audit partners from being beholden to the managers of the clients whose accounts they scrutinize.

Each year on May 6, those of us in the finance profession recognize management accountants across the globe.

The International Ethics Standards Board for Accountants has revised its ethics standards to safeguard auditor independence for non-assurance services and associated fees.

A group organized by the United Nations has already come up with a global framework of sustainability standards.

A former audit partner is facing disciplinary action in the Netherlands for an improper audit prior to the South African retailer’s near collapse more than three years ago.

The international board released four proposals for improving various aspects of government accounting.

The pacts expand the audit firm inspector's reach across Europe.

The disgraced Chinese coffee chain replaced its auditor and said it secured $250 million in funds from a pair of private equity firms.

The memorandum of understanding with the Vietnam Ministry of Finance aims to advance the internal audit profession in Vietnam.

The commission is starting to implement a tough law passed at the end of the Trump administration, aimed largely at Chinese stocks.

Initial enthusiasm for change inspired by the country’s biggest postwar accounting scandal is waning in the face of political opposition.

An Ernst & Young partner said his firm fell victim to “criminals,” rejecting allegations EY didn’t do enough to uncover wrongdoing at the now-defunct payment processor.