PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts June 27, 2023 By Lewis Jackson PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice...
Americanas’ $4B Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record February 8, 2023 By Vinícius Andrade, Barbara Nascimento and Amanda Iacone A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...
People Moves: Miller Taps WTW’s Power, Besso’s Harvey for Professional Risks; Arch Insurance Int’l Appoints Underwriters Barattini and Smith April 21, 2022 This edition of International People Moves details appointments at the insurance broker Miller and insurer Arch Insurance International. A summary...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules January 20, 2022 By Karin Matussek Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt...
KPMG Sued for $600M Over Role in Insolvency of Dubai Private Equity Firm Abraaj November 12, 2021 KPMG LLP was sued for at least $600 million over its role in the insolvency of Dubai private-equity firm Abraaj...
EY Fined $4.8M by UK Accounting Watchdog Over Audit of Transport Firm Stagecoach August 25, 2021 Britain’s accounting watchdog said on Wednesday it has fined Ernst & Young LLP 3.5 million pounds ($4.80 million) over the...
UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors June 28, 2021 By Huw Jones LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands...
Deloitte Sued for Allegedly Failing to Find ‘Irregularities’ in Audits of Singapore Oil Trader June 10, 2021 By Chanyaporn Chanjaroen A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging...
Howden Acquires UK Specialist Broker Medical Professional Risk Solutions (MPRS) May 19, 2021 Howden Broking announced it has acquired Medical Professional Risk Solutions (MPRS), a specialist insurance broker for the primary care sector,...