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“We were therefore unable to reduce the risk of material fraud or error to an acceptable level”
Non-underwriting costs of flotation are the highest Wall Street has seen for five years, according to FT analysis
Administrators of the collapsed private equity firm are claiming damages for alleged audit lapses
Fewer qualified CPAs could mean more Enron-style blow-ups
South Carolina joins Minnesota in rebellion over need for five years of higher education
State-backed Middle East clients drive up Big Four firm’s regional revenues by 40%
Revelation is latest sign of close ties between government and scandal-hit consultant
Big Four accounting firm has been hit by slowdown in demand for some services
US buyout group had proposed to take stake in consulting arm
Deal with private equity group would allow Big Four firm to revive break-up plan
Crowe UK missed fake agreements and fabricated letters in Akazoo records before music streamer was acquired by a Spac vehicle
Move comes after accountancy firm abandoned traditional partnership model
Companies warn that proposal intended to help root out fraud could weaken legal protections
Move to close potential loophole on how much income can be generated from a client
Plus, Harvey Schwartz confronts a big challenge at Carlyle
Prosecutors concede wire fraud charge cannot stand against former managing partner and PCAOB employee
Prominent split backer Andy Baldwin faces hurdles in push to succeed Carmine Di Sibio
Asian trustee of German payments firm admits fabricating documents
Financial Reporting Council in the process of making significant reforms to improve auditing
New US rules are impractical and would send fees soaring, industry group says
Deficiency rate is ‘completely unacceptable’, according to PCAOB chair
Big Four firm’s initial estimates show jump in deficiencies found in work by overseas auditors
Six biggest global groups are failing to assess environmental issues in company accounts, law charity alleges
Contract for bank enlarged by Credit Suisse takeover will require firm to call in staff from other countries
Fee tussle comes as Beijing increases scrutiny of western accounting and consulting firms
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