LONDON, April 17- Investors would be able to make a more accurate assessment of how well banks manage risks on their books under proposals published by the International Accounting Standards Board on Thursday.» Read More
DAVOS, Switzerland Jan 24- In the midst of a U.S.- China quarrel over corporate auditing, the global chairman of audit giant KPMG said on Friday that a "constructive dialogue" was under way to defuse the dispute, which led days ago to U.S. sanctions against the Chinese arms of the world's largest accounting firms.
BEIJING, Jan 24- China's securities regulator chided its U.S. counterpart on Friday over the latest ruling in a long-running and thorny dispute over access to documents that has snagged the world's top four accounting firms. "The SEC would bear all the responsibility for the consequences of its action," Deng said.
Jan 23- The U.S. Chamber of Commerce plans to lobby U.S. officials to reach a diplomatic deal with China, after a judge ruled that the Chinese units of the global "Big Four" accounting firms should be suspended from auditing U.S.-listed companies for six months.
*Unclear whether action will impact on multinationals' China operations. WASHINGTON, Jan 23- Chinese units of the global "Big Four" accounting firms should be suspended from practicing in the United States for six months, a U.S. judge ruled, in an escalation in a long-running dispute over regulators' access to audit documents.
Jan 23- The "Big Four" accounting firms have said they intend to appeal against a ruling by the U.S. Securities and Exchange Commission that recommends suspending their Chinese units for six months.
WASHINGTON, Jan 22- A U.S. judge has ruled that the Chinese units of the "Big Four" accounting firms should be suspended from practicing in the United States for six months, an escalation in a long-running dispute between U.S. and Chinese regulators over access to audit documents.
WASHINGTON, Jan 22- A U.S. judge has ruled that the Chinese units of the "Big Four" accounting firms should be suspended from practicing in the United States for six months, an escalation in a long-running dispute between U.S. and Chinese regulators over access to audits.
WASHINGTON, Jan 22- An administrative law judge on Wednesday temporarily barred the Chinese units of the "Big Four" accounting firms from practicing before U.S. securities regulators, saying they "willfully" refused to hand over the audit work they did for U.S.-listed Chinese companies.
LONDON, Jan 17- Britain's competition watchdog will review changes it has ordered to prise open an accounting sector dominated by four big players after the European Union agreed a tougher set of reforms.
LONDON, Jan 2- Royal Dutch Shell's new boss Ben van Beurden will be able to point to a clear downward trend in spending this year, thanks in part to the way the oil company is accounting for an acquisition completed this week.
ALEXANDRIA, Virginia, Dec 23- The U.S. Air Force had great expectations for the Expeditionary Combat Support System when it launched the project in 2005. This accountants' silver bullet, the Air Force predicted a year later, "will fundamentally revolutionize the way the Air Force provides logistics support."
*Grant Thornton chalks up record revenues of $4.5 billion. LONDON, Dec 20- European Union rules agreed this week to increase competition in accounting are already being felt two years before they take effect, accountants Grant Thornton International said.
As part of the settlement, former Fifth Third Chief Financial Officer Daniel Poston agreed to pay a $100,000 penalty and be suspended from practicing as an accountant for any publicly traded company, the SEC said on Wednesday. The SEC case arose after the U.S. real estate downturn had caused a surge in nonperforming assets at Fifth Third.
WASHINGTON, Dec 4- The U.S. audit watchdog revived a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits.
WASHINGTON, Dec 4- The U.S. audit watchdog will revive a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits.
*New impairment rule in 2017, nine years after crisis. LONDON, Dec 3- An accounting rule forcing banks to set aside capital far earlier for troubled loans will be completed next month and start in 2017, a global standard setter said on Tuesday.
LONDON, Nov 12- The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinises new rules and in certain cases tweaking how they are applied in the bloc. The book-keeping standards, the bedrock of markets, are written by the International Accounting Standards Board.
Oct 30- Accounting and consulting firm PricewaterhouseCoopers said on Wednesday it struck a deal to buy corporate consulting firm Booz& Co, the latest in a string of mergers by global audit firms aimed at bulking up their fast-growing advisory businesses.
Oct 30- Accounting and consulting firm PricewaterhouseCoopers struck a deal to buy corporate consulting firm Booz& Co to bulk up its advisory and tax business. The companies said the deal is subject to approval from Booz& Co's partner vote, scheduled for December.
Ford CEO Alan Mulally says he is not overly concerned about a pullback in China's growth; regulators want more information from auditors about their views on a company, and fares could rise if some airlines merger, reports CNBC's Becky Quick.