Practice
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Parmalat sues former auditors Deloitte and Grant Thornton for $10 Billion
Parmalat sued its former auditors, Deloitte & Touche and Grant Thornton, on Wednesday, claiming damages of at least $10 billion…
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BDO partner suspended for standards neglect
An auditor in an Australian chartered accountants firm has been suspended for twelve months after ignoring important audit standards, the…
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SEC May Delay Accounting Rules
The U.S. Securities and Exchange Commission may hold back on new accounting rules to give companies time to comply, an…
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ICAP office-bearers elected
KARACHI: Executive Director Institute of Chartered Accountants of Pakistan (ICAP) Aslam Dossa announced on Sunday the names of the office-bearers…
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IASB publishes Exposure Draft on Financial Instrument Disclosures
The International Accounting Standards Board (IASB) has published proposals to improve disclosures about financial instruments in financial statements. The proposals…
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CFOs Are Burning the Midnight Oil, Survey Shows
Chief financial officers are seeking a little relief. In a new survey by Robert Half Management Resources, 36 percent of…
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Survey: Your accountant is your best friend
Accountants are the first choice when it comes to entrepreneurs seeking advice, according to a new survey. And it’s not…
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Indian mutual fund industry to see more M&As: KPMG
The Indian mutual fund industry is expected to see more mergers and acquisitions even as funds face the challenge of…
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ICAI to write to GTB auditors
Even as the Reserve Bank of India's letter alleging “misconduct” by statutory auditors of Global Trust Bank (GTB) does not…
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Court ruling leaves KPMG with £65m bill
Partners at KPMG could face having to make up a £65m deficit in the accountant's pension scheme after a High…
