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EY fined and reprimanded for deficient Thomas Cook work
The travel group’s collapse in 2019 resulted in job losses, closure of stores and repatriation of 140,000 travellers.
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SEC accuses former CFO of round-trip cash transfer scheme
SEC alleges former CFO lied to auditors and falsified records to inflate Acreage’s year-end cash balance.
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CASS: New considerations on prudent segregation
Using prudent segregation, and what industry challenges lie ahead.
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FRC sanctions PwC for Wyelands Bank audit failures
Breaches of requirements were the result of the failure of the audit team to properly understand the bank’s lending and adequately consider the risks underlying its business model.
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Failed fintech Stenn took millions from Serbian groups aping blue-chips
Documents show HSBC uncovered ‘extensive and systemic’ invoice issues at UK start-up.
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ASIC roundup: Fraud and stealing, false invoices, and a scam alert
The Australian Securities & Investments Commission’s latest actions and news, January 27 – February 7, 2025.
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GRIP Extra: ExxonMobile lobbyist implicated in hacking campaign, UK postpones capital requirements
Other news includes the SEC rescinding crypto-unfriendly SAB 121, Meta keeping its fact-checking outside of the US, and Japan significantly raising its interest rates.
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Five internal audit resolutions for 2025
As regulations are scaled back, internal audit should articulate why this doesn’t offer a license for reducing resources, but an opportunity to recalibrate their focus.