PYMNTS

NOVEMBER 13, 2018

Parliament will commence an inquiry into the nation’s corporate auditing market, which is currently dominated by the Big Four accounting firms Deloitte, PwC, EY and KPMG, adding new pressure on an industry already being probed by other policymakers. Reports in Reuters on Sunday (November 11) said the U.K.

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PYMNTS

MAY 28, 2019

financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. KPMG , PwC , Deloitte and EY head the U.K.

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PYMNTS

MARCH 18, 2019

According to Reuters , in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a $7.4 billion accounting fraud at South African retailer Steinhoff.

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PYMNTS

AUGUST 8, 2019

The companies are looking particularly close at industries like outsourcing and retail, as well as clients that have already been flagged for lackluster financial controls. The publication reported Wednesday (Aug. 7) that the U.K. If a company’s books aren’t properly examined, people’s jobs, pensions or savings can be at risk.”.

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PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments. On the retail side, Nordstrom posted a nearly 25 percent increase in liabilities.

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