Auditing

Ernst & Young Faces Fraud Allegations in Brooge SPAC Case

4 min read

• Auditing

Ernst & Young Faces Fraud Allegations in Brooge SPAC Case

The Accounting Times December 19, 2024

NEW YORK, December 19, 2024 – Ernst & Young LLP (EY), one of the world’s largest audit...

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Deloitte Faces Class Action Over Massive Rhode Island RIBridges Data Breach

4 min read

• Auditing
• Featured

Deloitte Faces Class Action Over Massive Rhode Island RIBridges Data Breach

The Accounting Times December 16, 2024

PROVIDENCE, R.I., December 16, 2024 – Deloitte Consulting LLP is facing a federal ​request for ​class ​action...

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SEC’s Top Accountant Intensifies Oversight of Private Equity in Auditing

4 min read

• Auditing
• Featured

SEC’s Top Accountant Intensifies Oversight of Private Equity in Auditing

The Accounting Times December 10, 2024

WASHINGTON, D.C., December 10, 2024 – Paul Munter, chief ​accountant of the Securities Commission (SEC), expressed concern...

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Deloitte Sues Former China Vice Chair for Contract Breaches

3 min read

• Auditing

Deloitte Sues Former China Vice Chair for Contract Breaches

The Accounting Times December 6, 2024

HONG KONG, ​December 6, 2024 – Deloitte Touche Tohmatsu initiated legal ​proceedings against Derek Lai, ​his ​former...

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Big Four Accounting Firms Implement Strategic Layoffs Amid Consulting Market Slowdown

3 min read

• Auditing

Big Four Accounting Firms Implement Strategic Layoffs Amid Consulting Market Slowdown

The Accounting Times December 3, 2024

LONDON, ​3 ​December 2024 – The four major accounting companies – Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young...

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Big Four Accounting Firms Face Decline in UK Listed Clients Amid Market Shifts

2 min read

• Auditing

Big Four Accounting Firms Face Decline in UK Listed Clients Amid Market Shifts

The Accounting Times December 2, 2024

LONDON, United ​Kingdom, ​2 December 2024 – The UK’s four largest accounting companies – Deloitte, PwC, EY...

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PwC’s US Audit Leader Advocates CPA Licensing Reforms Amid Talent Shortages

3 min read

• Auditing

PwC’s US Audit Leader Advocates CPA Licensing Reforms Amid Talent Shortages

The Accounting Times November 28, 2024

NEW YORK, November 28, 2024 – Deanna Byrne, head of PwC’s U.S. audit, expressed ​strong support for...

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Macy’s Faces Scrutiny Over $154 Million Accounting Errors

2 min read

• Auditing

Macy’s Faces Scrutiny Over $154 Million Accounting Errors

The Accounting Times November 25, 2024

NEW ​YORK, November 25, 2024 – ​Macy’s delayed its withdrawal from ​third-quarter revenues as it investigates significant...

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PCAOB Mandates Enhanced Financial Disclosures from Major Accounting Firms

2 min read

• Audit Standards
• Auditing

PCAOB Mandates Enhanced Financial Disclosures from Major Accounting Firms

The Accounting Times November 23, 2024

Washington, D.C., November 22, 2024 – The Public Enterprise Accounting ​Supervisory Board (PCAOB) has adopted new rules...

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PCAOB Revolutionizes Audit Transparency with New Disclosure Standards

2 min read

• Audit Standards
• Auditing

PCAOB Revolutionizes Audit Transparency with New Disclosure Standards

The Accounting Times November 22, 2024

On 21 November 2024, the Supervisory Board for Public Business Accounting (CPAOB) approved new requirements to standardize...

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