corporate audit

Aussie Auditors’ Role In Reverse Factoring Disclosure Questioned
Aussie Auditors’ Role In Reverse Factoring Disclosure Questioned
January 02, 2020  |  B2B Payments

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance...

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UK Accounting Giants Reserve $212M For Possible Fines
UK Accounting Giants Reserve $212M For Possible Fines
December 27, 2019  |  B2B Payments

The U.K.’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for...

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Auditors Ready To Drop Riskiest Corporate Clients
Auditors Ready To Drop Riskiest Corporate Clients
August 08, 2019  |  B2B Payments

As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., the Financial Times reports that the conglomerates...

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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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China’s Corporate Cash Crisis Worsens
China’s Corporate Cash Crisis Worsens
May 21, 2019  |  B2B Payments

The crisis that has hit China’s corporate community is worsening after the suspension of trading of Kangmei Pharmaceutical shares, The Wall Street Journal reported Monday (May...

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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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UK Auditing Market Pressure Grows With Parliamentary Probe
UK Auditing Market Pressure Grows With Parliamentary Probe
November 13, 2018  |  B2B Payments

Reports in Reuters on Sunday (November 11) said the U.K. Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated...

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Business Leaders Chosen To Scrutinize UK Accounting Watchdog
Business Leaders Chosen To Scrutinize UK Accounting Watchdog
May 21, 2018  |  B2B Payments

A group of 11 business executives in the U.K. have been chosen to lead the inquiry into the nation’s accounting watchdog and assess whether the...

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Financial Reporting Council Triples Its Staff Amid Criticism
Financial Reporting Council Triples Its Staff Amid Criticism
December 05, 2017  |  B2B Payments

The U.K. is ramping up oversight of corporate reporting as it expands the size of its Financial Reporting Council (FRC), according to news from The Financial...

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