corporate accounting

Pressure Mounts On Big Four Auditors
Pressure Mounts On Big Four Auditors
August 07, 2019  |  B2B Payments

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according...

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UK’s FRC Triples Fines Against Big Four Accountants
UK’s FRC Triples Fines Against Big Four Accountants
August 01, 2019  |  B2B Payments

The U.K.’s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year...

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SEC Fines KPMG $50M For ‘Ethical Failures’
SEC Fines KPMG $50M For ‘Ethical Failures’
June 18, 2019  |  B2B Payments

Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. The most recent case is rooted in...

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California CPAs Call For Crypto Accounting Clarity
California CPAs Call For Crypto Accounting Clarity
June 10, 2019  |  B2B Payments

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their...

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Accounting Changes Balloon Liabilities For Chipotle, Nordstrom
Accounting Changes Balloon Liabilities For Chipotle, Nordstrom
June 06, 2019  |  B2B Payments

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. to significantly increase their liabilities, leaving some investors caught off...

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SEC Votes To Ease Audit Mandates For Small Public Firms
SEC Votes To Ease Audit Mandates For Small Public Firms
May 10, 2019  |  B2B Payments

The U.S. Securities and Exchange Commission voted Thursday (May 9) to ease requirements for smaller public companies to be audited by external firms, reports in The...

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Corporate Investors Irked By Lease Accounting Changes
Corporate Investors Irked By Lease Accounting Changes
May 03, 2019  |  B2B Payments

Chief financial officers are changing their views on how they assess corporate performance in light of changes to lease accounting rules coming into play. Reports...

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Asiana Airlines CEO Quits Amid Accounting Debacle
Asiana Airlines CEO Quits Amid Accounting Debacle
March 29, 2019  |  B2B Payments

The co-chief executive officer of Asiana Airlines is exiting the company following an accounting debacle that led two auditors to reject the company’s annual reports....

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PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
March 18, 2019  |  B2B Payments

According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a $7.4 billion accounting...

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