EY

Wirecard Denies Fraud Claims, Defends Accounting Practices
Wirecard Denies Fraud Claims, Defends Accounting Practices
October 21, 2019  |  Security & Fraud

Wirecard’s chairman Wulf Matthias does not believe that his company needs an independent forensic audit, despite the fact that the company has been accused of...

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EY Exec Calls For Retooling Old QC Rules
EY Exec Calls For Retooling Old QC Rules
October 14, 2019  |  B2B Payments

John King, Ernst & Young Americas’ vice chair for assurance, wants to see more consistency from the country’s audit regulator, the Public Company Accounting Oversight...

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Auditors Ready To Drop Riskiest Corporate Clients
Auditors Ready To Drop Riskiest Corporate Clients
August 08, 2019  |  B2B Payments

As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., the Financial Times reports that the conglomerates...

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Australia’s Big Banks Defend Spending Millions On Outside Auditors
Australia’s Big Banks Defend Spending Millions On Outside Auditors
August 05, 2019  |  Regulation

Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants. According to a...

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UK’s FRC Triples Fines Against Big Four Accountants
UK’s FRC Triples Fines Against Big Four Accountants
August 01, 2019  |  B2B Payments

The U.K.’s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year...

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India Presses For Big Four Accountancy Review
India Presses For Big Four Accountancy Review
July 23, 2019  |  ANTITRUST

The Indian government is reportedly seeking an antitrust investigation into potential anticompetitive behavior among the nation’s Big Four accountancy and auditing firms, reports in Reuters...

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Big Four Accountancies Fail UK Audit Test
Big Four Accountancies Fail UK Audit Test
July 11, 2019  |  B2B Payments

All of the U.K.’s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit quality standards set...

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UK Financial Watchdog Ramps Up Auditor Oversight
UK Financial Watchdog Ramps Up Auditor Oversight
May 28, 2019  |  B2B Payments

U.K. financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over...

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Should Auditors Be Responsible For Catching Corporate Fraud?
Should Auditors Be Responsible For Catching Corporate Fraud?
May 09, 2019  |  B2B Payments

Tensions are running high in the U.K. corporate auditing arena. Amid calls to break up the so-called Big Four auditors – PricewaterhouseCoopers, Deloitte, EY and...

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