Accounting Profession News
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Court rules PwC must pay £1.6m in damages
The High Court in England has ruled that PricewaterhouseCoopers must pay £1.6m in damages for negligent advice it gave to…
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Deloitte's other troubles
Deloitte and Touche LLP, America's second-largest accounting firm, has not escaped its share of corporate controversy or allegations of impropriety.…
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Ernst & Young to Pay $15 Million Over Tax Shelters
The U.S. Internal Revenue Service has said Ernst & Young will pay $15 million to end a probe of its…
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India's ICICI Bank trips on US accounting rules
Accounting standards followed by the US has pushed ICICI Bank — India’s leading private sector bank — into the red…
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India ready for foreign auditors
Depending on the offers from other members of the World Trade Organization, foreign companies operating in India may, in the…
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KPMG manager sues his firm over reassignment
A senior manager of KPMG is suing the world's third-largest accounting firm for putting him on administrative leave after he…
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SECP penalises two chartered accountant firms
The Securities and Exchange Commission of Pakistan (SEC) has imposed penalties on two practicing chartered accountants, namely M/s Arman &…
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Lawsuit vs Andersen in WorldCom case can proceed
NEW YORK, June 25 (Reuters) – A district judge in the US has denied defunct accounting firm Andersen's request to…
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UK accountants best paid in the world
Chartered accountants, famously lampooned in Monty Python sketches, are laughing all the way to the bank, according to a survey…
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Women just don’t want to join big boys’ club
In 1998 Ruth Anderson of KPMG became the first female partner to be elected to the board of a Big…
