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PCAOB imposes total penalties nearing $12mn against PwC, Deloitte, KPMG and others
S&P 500 companies paid $5.3bn in 2022, up just 3.2% as they held line on costs
Audit firms scrutinised over collapse of Americanas which has shocked corporate Brazil
New Senate hearing on legislation leaks is told of potential international impact
Examinations are the first by accountancy watchdog under new agreement with Beijing
Group of investors had sued saying they lost money because of poor-quality audit work
US regulator’s scholarship programme is beneficiary after wave of scandals
Growth slower than Big Four rivals in results that underline importance of advisory division
Fines from oversight board total $7.7mn in actions against accountant’s networks in the UK, Colombia and India
Emilio Pera appointed Big Four firm’s Lower Gulf CEO after months of turbulence in division
Plus, private equity targets companies that listed during the pandemic and European telecoms groups await Brussels’ decision
A dozen current and former employees at the Big Four accountancy firm’s Riyadh office describe living in fear of being summarily fired and worse
Nader Haffar steps down after firm engulfed by a wave of allegations of nepotism, cronyism and partner discontent
Biggest customers of UAE business sent partners’ statement swearing allegiance to firm
Call to address ‘massive crisis’ after reports of nepotism, cronyism and culture of fear
Two former employees found to have improperly altered work papers
Senior leaders move to shore up confidence in the firm following weeks of unrest
Current and former partners raised concerns about snap vote with no opposition
Nader Haffar criticised by colleagues at accountancy group’s tumultuous Lower Gulf business
Current and former employees describe culture of fear at KPMG Lower Gulf
Chief executive of Lower Gulf operations had faced secret ballot on his leadership
Vacancy was created by Bill Michael’s resignation following comments at virtual staff meeting
Coupling with Deutsche Bank could have meant hiding its ‘missing’ funds from investigators
Special audit will now look at accusations concerning type of lending made to merchants
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