International accounting

BDO’s global network of accounting firms has named Keith Farlinger as CEO of BDO International, succeeding Martin van Roekel, on Nov. 1, 2017.

A regulatory probe into PricewaterhouseCoopers LLP related to Tesco Plc’s accounting scandal was dropped as the Financial Reporting Council said there was little chance of an adverse finding in the case.

Andersen Tax has notched another win in its legal battle against a French rival that announced this year it had reconstituted the Arthur Andersen network with offices opening around the world.

Trustees of the IFRS Foundation met Thursday with Japan’s Financial Accounting Standards Foundation to issue a joint statement reaffirming a commitment to global accounting standards as more Japanese companies move to adopt International Financial Reporting Standards.

The long-awaited IFRS 17 will provide more consistent treatment for all types of insurance in different countries.

The IFRS Foundation has signed a memorandum of understanding with the World Bank to help developing countries use International Financial Reporting Standards.

Grant Thornton International has named Peter Bodin, the former CEO of Grant Thornton Sweden, as CEO-elect, succeeding Edward Nusbaum, who will retire at the end of the year.

PricewaterhouseCoopers’ firm in the United Kingdom was fined a record £5 million ($6.4 million) by the U.K.’s Financial Reporting Council for its audits of Connaught, a social housing maintenance business that collapsed in 2010.

A French firm that claimed the Arthur Andersen name has lost a legal ruling in India against Andersen Tax, a few weeks after another setback in the U.S.

The Association of Chartered Certified Accountants welcomed top officials from some of the world’s leading accounting organizations to an event highlighting the growing importance of integrated reporting.

The IFRS Foundation, the group that oversees the International Accounting Standards Board and its work on International Financial Reporting Standards, issued its annual report for 2016 on Tuesday, with a look ahead at where global standards are expected to go this year.

Mandatory change of auditing firms and engagement partners doesn’t necessarily foster greater professional skepticism, according to new research.

The International Accounting Standards Board has proposed a set of minor amendments to the financial instruments standard to make it easier to implement.

The Public Company Accounting Oversight Board announced six settled actions against non-U.S. accounting firms late last month for failure to report certain disciplinary or regulatory actions against them in their home country.

The U.S. offices of a recently relaunched Arthur Andersen network have shut down as part of a legal settlement with one of the firms to resolve trademark infringement claims by Andersen Tax.

The Public Company Accounting Oversight Board has disciplined the former chief executive officer and chairman of Deloitte’s Brazil firm for failing to cooperate with a PCAOB investigation.

The British grocery company agrees to a 214 million pound penalty to resolve regulatory probes.

While issues of immigration, trade and freedom of the Fourth Estate are dominating the media cycle, there are other significant areas of policy flux worthy of consideration as President Donald Trump’s term gathers momentum.

Two former managing partners and chief executives are weighing in on the legal wrangling over the trademark, as the dispute escalates further.

Homex allegedly falsified sales of over 100,000 homes to inflate revenue for three years in a row.