Wall Street Regulator Approves Tougher Rules for Accounting ‘Negligence’ August 21, 2024 By Douglas Gillison Wall Street’s top regulator on Tuesday voted 3-2 to bless new rules making it easier for an audit watchdog to...
‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures June 1, 2022 By Huw Jones Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS...
KPMG Faces $18 Million Fine for Misleading British Regulator May 12, 2022 By Kirstin Ridley KPMG faces a 14.4 million pound ($17.6 million) fine after admitting it misled regulators during spot checks on audits of...
Britain Targets Big 4 Auditors, Company Directors With Reform Proposals March 18, 2021 By Huw Jones Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud...
Audit Firms Battle New Oversight Rule They Say Will Increase Litigation December 8, 2014 By Dave Michaels Audit regulators are watering down a proposed rule aimed at increasing auditors’ accountability for their work after the industry said...