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Deloitte fined $1.59m after auditors adjust clocks
The firm’s systems were manually overridden by staff to change working paper sign-off dates in breach of rules.
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ASIC urges stakeholders to improve reporting and audit obligations
Inadequate operating and financial review disclosures top list of shortcomings as A$215m adjusted in one year.
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KPMG fined a record £21m over ‘textbook’ failures in Carillion collapse
UK accounting watchdog imposes penalty on Big Four firm over serious failings in UK contractor audit.
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Getting the best out of your CASS audit
With the CASS audit season being just around the corner for many investment firms, it’s worth exploring what you can do before and during your audit to ensure you get the right result delivered efficiently.
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Former CFO and three others charged with fraud over collapse of Patisserie Valerie
The Serious Fraud Office has charged four people with fraud in connection to the collapse of the UK bakery chain in 2018.
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Significant audit firm deficiencies prompt stiff rebuke from PCAOB
Board chair Erica Y Williams calls findings of new report “absolutely unacceptable”.
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PCAOB proposal seeks to increase auditor vigilance against fraud
Proposed changes will strengthen auditor requirements to locate and communicate noncompliance with laws and regulations.
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Nutanix to pay out $11m over improper use of vendor software
Internal investigation by the cloud-computing and services provider also found employees attempted to conceal their actions.