↧
Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S....
An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near collapse more than...
View ArticlePwC to Create 100,000 New Jobs to Help Clients Grappling with ESG Reporting
Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed at helping its clients grapple with climate and diversity reporting and also in...
View ArticleUK Accounting Regulator Probes Greensill and Wyelands Bank Auditors
LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies. Wyelands...
View Article‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate...
Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS in recent years hit thousands of jobs and raised questions about...
View ArticleEurope Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals:...
Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards,...
View ArticlePwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event
An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that “encouraged excessive consumption of alcohol.” Michael Brockie alleges in...
View ArticleAmericanas’ $4B Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record
A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA. Investor and consumer groups are...
View ArticleChina Urges State-Owned Firms to Drop Big 4 Auditors Over Data Security Concerns
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a...
View ArticleUpdate: Major UK Companies Abandon CBI Following Second Rape Claim
A swathe of major UK companies, ranging from banks to supermarkets, have resigned from the Confederation of British Industry as the lobby group fights for survival following a number of allegations of...
View ArticleCBI President Says Business Group May Not Survive Sexual Assault Scandal
The Confederation of British Industry may not survive a scandal triggered by rape claims among staff, its president said, as he acknowledged that the business group had failed to dismiss “abhorrent”...
View ArticleUK’s Business Lobby Group Sets Out Proposals for Change After Misconduct...
Britain’s leading business lobby group set out a series of proposals Wednesday that it hopes can secure its future following a string of allegations of inappropriate behavior that led to the...
View ArticlePwC Probes Security Incident Tied to Russian-Speaking Clop Cyber Gang
A criminal hacking gang has added more names to its lists of alleged victims from a recent campaign that exploited a vulnerability in a popular file-transfer product. The group, known as Clop,...
View ArticlePwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts
PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon,...
View ArticleAustralia Cracks Down on Promoters of Dodgy Tax Schemes After PwC Leak Scandal
Australia will drastically toughen penalties against promoters of dodgy tax schemes and beef up regulatory powers under reforms announced on Sunday in response to a scandal over the use of leaked...
View ArticleStorm Henk Causes Estimated £150 Million in UK Insured Losses: PwC
Storm Henk, which battered Britain last week, caused around 150 million pounds ($190 million) in insured losses and damaged around 2,000 properties, consultants PwC said on Wednesday. Heavy rain caused...
View ArticleChina Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history....
View ArticleChina Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case
Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on...
View ArticleAI-Intensive Sectors Are Seeing Productivity Surge: PwC
The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the...
View ArticlePwC Lost Five China Clients After Evergrande-Linked Probe
PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. China Taiping Insurance...
View ArticleChina Weighs Record Fine for PwC Over Evergrande Audit Work
China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations over its role in one of the nation’s biggest alleged financial fraud...
View ArticleEvergrande Liquidation Lawyers Probe PwC, Others to Recoup Creditor Losses:...
Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including its former auditor PricewaterhouseCoopers, to...
View Article‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC...
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of...
View ArticlePwC Starts Mass China Layoffs After Losing Dozens of Clients
PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of corporate clients diminished the accounting firm’s revenue...
View ArticlePwC Weighs Halving of China Financial Services Audit Staff, Sources Say
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus...
View ArticleChina Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property...
View ArticleChina Evergrande Group’s Liquidators Start Legal Action Against PwC
China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property...
View ArticleEY, KPMG Benefit Most From PwC China’s Regulatory Woes
Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show. Chinese...
View ArticlePwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande...
Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled...
View ArticlePwC Probe Spotlight Shifts to Hong Kong After Record China Fine
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed...
View ArticleAwbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January
The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate 2025 to commence underwriting from Jan. 1, 2025. Awbury Syndicate...
View Article
More Pages to Explore .....