Auditor

The new code is being rolled out after the collapse of builder Carillion, retailer BHS, energy group Bulb, Patisserie Valerie and other high-profile corporate failures, which prompted government-backed reviews that recommended root-and-branch reform of auditing and corporate governance

Internal auditors urged to adopt new UK code to win back trust

BUSINESSES in Britain are being urged to adopt a new code for internal auditors to boost corporate governance and restore trust after a string of accounting scandals raised questions about accountants...

PwC has been under the spotlight after China launched one of the biggest investigations of financial fraud in history involving developer Evergrande.

China weighs record fine for PwC over Evergrande auditing work

CHINA is poised to impose a record fine on PricewaterhouseCoopers (PwC) and suspend some of the global auditor’s local operations over its role in one of the nation’s biggest alleged financial fraud c...

Regulators fear auditors are failing in their role as a last line of defence for investors against corporate shenanigans
THE BOTTOM LINE

Why don’t auditors find fraud?

Regulators have put forward a series of proposals to clarify and extend responsibilities to spot wrongdoing

KPMG is retiring as Cordlife's external auditor as it says it is not able to obtain “sufficient appropriate audit evidence” to provide a basis for an audit opinion on several areas.

Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials

KPMG also addresses uncertainties in providing an audit opinion on the cord-blood bank’s refunds and claims

Sino Grandness, a producer of canned vegetables and fruits, has been suspended from trading since December 2020.

Auditor issues disclaimer of opinion on Sino Grandness’ FY2020 financial statements

SINO Grandness Food Industry’s independent auditor has issued a disclaimer of opinion relating to the canned vegetables and fruits producer’s financial statements for the financial year ended Dec 31, ...

ComfortDelGro will start searching for new auditors and seek shareholders’ approval on their appointment.

ComfortDelGro's shareholders reject Deloitte as auditor

THE shareholders of ComfortDelGro have rejected its auditors after a majority did not vote for their re-appointment during the transport operator's annual general meeting (AGM) on Friday (Apr 29), an ...

There’s an inherent conflict of interest in offering consulting services to the same executives whose homework you’re meant to be marking.
THE BOTTOM LINE

Which side of an EY breakup do you want to be on?

The Big Four firm may split its audit and consulting businesses. The snag is how to make auditors feel good about being on the B team

KPMG faces litigation by embattled Hyflux, which is under liquidation.

Hyflux group takes legal action against former auditor KPMG over alleged contract breach

HYFLUX and 35 companies in its group have lodged a lawsuit pre-emptively against their former independent auditor KPMG alleging breach of contract, and possibly pursuing claims that would include over...

Malaysia's 1MDB appoints Parker Randall as auditor

Malaysia's 1MDB appoints Parker Randall as auditor

[KUALA LUMPUR] Malaysian state fund 1Malaysia Development Bhd (1MDB) said on Thursday it had appointed Parker Randall as its auditor, the fourth firm to look at the company's books since its establish...