Practice
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Ban on auditor/suppliers would create management headache for IT directors
A call by members of Parliament in the UK for accountancy firms to be banned from providing expensive IT systems…
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ICAP chief's meetings with CAs in various cities
Institute of Chartered Accountants of Pakistan (ICAP) president Khaliq-ur-Rahman, accompanied by executive director Aslam Dossa, recently had a series of…
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Empowerment firm in South Africa sues Deloitte & Touche
Auditing firm Deloitte & Touche said on Monday it would defend a R200-million claim for damages by black empowerment company…
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PricewaterhouseCoopers agrees to pay $1 million as settlement
PricewaterhouseCoopers, world's largest accounting firm, has agreed to pay $1 million to settle federal regulators in US on allegations that…
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Japan banks shiver as auditors flex muscles
The fate of Japan's top banks may lie in the hands of auditors. That is one of the strongest messages…
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Auditors brought to book in EU
The European Commission will unveil on Wednesday plans to overhaul audit practices and boost corporate governance to better protect investors…
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PwC eyes asset reconstruction segment
PricewaterhouseCoopers (PwC) is planning to enter the asset reconstruction sector in India and is in talks with financial institutions for…
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Stiff penalties proposed for errant auditors in India
Auditors, who conceal facts or deliberately fudge company accounts, will face a harsher set of penalties. The Companies (Amendment) Bill…
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£2.6bn court battle against Ernst and Young starts
Equitable Life today begins its court battle to appeal a ruling given in February that its former auditors Ernst &…
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Former Arthur Andersen partner files lawsuit against old firm
A former managing partner of Arthur Andersen LLP's Indianapolis office has filed a lawsuit that seeks up to $139 million…
