Practice
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SBP inspectors and banks external auditors to share information
The State Bank has decided to develop co-ordination between external auditors of banks and SBP inspectors. A circular has been…
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Bank auditors to share findings with SBP
The State Bank of Pakistan (SBP) on Friday directed external auditors of all scheduled banks to share their audit findings…
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IFAC proposes member obligations for convergence of accounting standards
Seeking to clarify and strengthen its membership obligations and enhance the performance of accountants worldwide, the International Federation of Accountants…
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IFAC task force proposes more accountability for accountants
Accounting firms must improve their transparency and strengthen quality controls as part of efforts to restore confidence in financial reporting,…
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New accounting rule to add US$5b to Citigroup assets
Citigroup Inc, the world's largest financial services company, yesterday said a new accounting rule for variable interest entities (VIEs) will…
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Ernst & Young chief urges EU and US regulators to end dispute
A leading accountant has urged US and European regulators to patch up their differences and give clear guidance to auditors…
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PwC Consulting Settles Lawsuit Over Staff Bonuses
When Megan Secrest graduated from Penn State in 2001, she moved to Washington, D.C., with plans to work at PricewaterhouseCoopers…
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KPMG UK’s fraud barometer shows record level of fraud
More fraud cases have been recorded in the first half of 2003, than the whole of 2002. Fraud cases reached…
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Institute censures two accountancy firms over audits
Two of Ireland's leading accountancy firms have been “censured” by the Institute of Chartered Accountants in Ireland (ICAI). The institute…
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SEC bans two former chip maker auditors
The Securities and Exchange Commission in USA on Tuesday barred two auditors for missing signs of financial fraud that occurred…
