Hints and tips:
Related Special Reports
...EY could also have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders....
...He said this made it “much harder to enforce claims” over the Wirecard audits....
...Other audit firms have faced negligence claims in Hong Kong in relation to their work for Chinese companies. In 2021, KPMG settled legal claims brought by liquidators over its audit of China Forestry....
...Brussels is conducting an audit of how much weaponry EU member states have provided to Ukraine since Russia’s full-scale invasion of the country, in response to claims that some capitals have failed to send...
...Its audit and assurance arm will remain as a standalone unit....
...Ryan described the reorganisation as a “once-in-a-generation change” that grouped PwC’s US audit business together with tax reporting and compliance under the umbrella of “trust solutions”....
...The new chief executive will have the task of smoothing divisions created by the spin-off plan, which was abandoned in April after more than a year of work that cost $600mn....
...PwC Australia has been placed under sanctions by the US audit regulator for disclosure failures related to the tax leaks scandal that exploded into the public domain last year....
...reported in February that Alvarez & Marsal, the Evergrande liquidator appointed by a Hong Kong court, was preparing for a potential lawsuit against PwC that could lead to it facing a high-profile negligence claim...
...It is hard to see, argues Lex, how the company can climb out of its current pit without selling or spinning off its consumer health division. But, with unions opposed, there are few easy choices....
...Grant Thornton attained “modest” growth in its advisory and tax divisions, and said it had made “significant gains” in its audit arm where sales jumped 16 per cent to £213mn during the period....
...However, Simon Stephens, AI lead for audit and assurance at the UK business of Deloitte, another of the Big Four audit firms, pointed out that frauds were relatively rare and tended to differ from each other...
...Withum — which produced 450 audit reports in 2021, up from 80 the previous year — did not admit to or deny the PCAOB’s findings....
...On Hudson’s watch, audit revenues climbed 35 per cent between 2020 and 2023 to £1.35bn....
...Responding to claims that assets had been undervalued in transactions, Orlen said the audit “does not take into account the life of assets and their attractiveness for potential investors”....
...£1.2bn overall to deliver on its programme to reduce the use of hotels, after the Home Office overshot its original estimates on rehabilitating two sites by nearly eight times, a report by the National Audit...
...After the investigation by the audit committee of the company’s board, ADM restated the past six years of operating profits for all three of its main divisions....
...They were also responsible for commissioning relevant audits and setting out the UK state-owned organisation’s approach to litigation....
...UniCredit has hired Andrea Coda to lead its mergers and acquisitions division, where he will also oversee all of the bank’s industrial coverage, Bloomberg reports. He previously worked at HSBC....
...This came after workers in Apple retail outlets accused the company of “intimidation tactics to deter organising”, claims denied by Apple....
...She added there was very little evidence to support the government’s claim that the Rwanda scheme will act as a deterrent to would-be asylum seekers....
...The US Federal Aviation Administration is investigating his claims....
...Sales in the firm’s deals advisory and consulting arms rose 6 per cent and 7 per cent respectively, while the firm’s audit division drove revenue growth with a jump of 19 per cent....
...In December, VW said a long-awaited audit into its factory in Xinjiang had cleared it from allegations of forced labour, despite the majority of staff at Löning, the Berlin-based firm that headed the audit...
...Truncale beat Baldwin and four other candidates for the top job in November, with a brief to heal divisions caused by the failure of a plan to spin off the firm’s global consulting business....
International Edition