International accounting

Two senior executives at Botswana supermarket chain Choppies Enterprises Ltd. are suing former auditors PwC for 653 million rand ($40 million) for not signing off on the company’s 2018 accounts, which led to a share price collapse.

The document discusses some considerations involving the use of specialists when auditing financial statements during the pandemic.

Global confidence improved significantly in the third quarter of the year among accountants.

The board's revisions emphasize the trust that the public places in accounting professionals.

The Public Company Accounting Oversight Board imposed a $250,000 penalty on Marcum LLP and its Marcum Bernstein Pinchuk unit over audits of Chinese companies.

Ratcliffe and other senior Ineos executives caused tension with the company’s auditor, PwC.

The Association of Chartered Certified Accountants is connecting its members and affiliates with each other after a successful pilot test in six markets.

KPMG is already starting to use the new standards to improve audit quality globally.

If the pandemic has a silver lining, it’s that the global accounting world is becoming smaller and borderless.

KfW, Germany’s third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country’s Wirecard accounting scandal.

Germany’s financial regulator is considering opening a probe into Grenke AG’s accounting practices, wading deeper into the controversy after criticism of its failure to unearth fraud at Wirecard AG.

The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.

Large firms have been reporting revenue increases amid the pandemic.

Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.

The Carbon Disclosure Project, the Climate Disclosure Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council and the Sustainability Accounting Standards Board will work on a common set of disclosures.

EY earned a record $37.2 billion in the fiscal year ending June 30.

GSX Techedu is the latest case of a U.S.-listed Chinese company facing greater scrutiny on accounting issues amid rising tensions.

The final three months of the fiscal year showed a slowdown due to the impact of coronavirus on clients.

Germany’s blame game over Wirecard AG’s collapse is focusing on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.

China is calling for direct talks to solve a years-long dispute that threatens global markets.