Going Concern

JANUARY 29, 2024

has hired KPMG LLP to vet its financial statements almost three months after its auditor of 28 years quit amid a tumultuous period for the food storage container business. Tupperware hired the Big Four auditor on Jan. 5 letter from district administrator Joe Phillips to Chief Auditor Joris Jabouin. Randy bunch, those EYers.

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PYMNTS

NOVEMBER 26, 2018

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

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PYMNTS

DECEMBER 7, 2018

corporate finances following a series of scandals. Separate reports on Thursday in AccountingToday said the nation’s top auditors, including KPMG and PwC, have been urged to improve their corporate accounting processes, with the U.K.’s

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PYMNTS

MARCH 29, 2019

The co-chief executive officer of Asiana Airlines is exiting the company following an accounting debacle that led two auditors to reject the company’s annual reports. ” Those struggles led Asiana to revise its financials and disclose a larger annual loss for 2018 in order to receive approval from auditors.

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PYMNTS

NOVEMBER 4, 2019

lawmakers are calling for new legislation that would ensure auditors and accountants are better able to identify and call out issues within their clients’ finances as the government works to avoid more high-profile corporate collapses. Finance U.K. Finance U.K. reported on Monday (Nov.

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PYMNTS

AUGUST 21, 2018

The regulator determined that KPMG’s decision to provide expert witness services to Ted Baker in a lawsuit breached ethical standards and compromised KPMG’s ability to audit Ted Baker’s finances without bias. At the same time, there have been some calls to break up the FRC, too.

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PYMNTS

MAY 17, 2018

.” Its accounting practices led to a misrepresentation of the firm’s financial health, MPs noted, while the organization’s leadership demonstrated “recklessness, hubris and greed,” boosting bonuses while financial situations worsened. The Government’s Response. Last month, reports emerged that U.K.

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PYMNTS

NOVEMBER 13, 2018

Other recent accounting scandals at retailer BHS and Patisserie Valerie have similarly raised concerns that auditors are unable to adequately identify accounting issues at major corporations before it’s too late.

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ThomsonReuters

APRIL 18, 2023

Deliver accounting and compliance news alerts so practitioners are regularly provided critical accounting, audit, and corporate finance developments, along with expert analysis. Complex rules related to investments, acquisitions, tax accounting, and revenue recognition.

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ThomsonReuters

JANUARY 18, 2024

In general, an accountant’s job description includes common accounting tasks such as: Performing risk analysis evaluations. Working with external auditors. Furthermore, accountants are increasingly focusing on a particular vertical or niche to further boost their competitive edge. Recording disbursements and payments.

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PYMNTS

APRIL 18, 2018

launched a “root and branch” review of the FRC in an effort to enhance its reputation as a watchdog that upholds corporate standards. Former finance ministry official John Kingman, who now serves as the chairman of Legal & General, will lead the review, according to business minister Greg Clark.

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Account accountant accounted audit 40

PYMNTS

JANUARY 10, 2019

Now, analysts at the International Federation of Accountants (IFAC) are urging ERM to move beyond the c-suite. Professional accountants are well-positioned to better serve the organizations they work for by enabling effective enterprise risk management that identifies both risks and opportunities for the business,” the CEO noted.

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Snyder

MARCH 6, 2023

So, let’s look at the accountant roles of today and the current trends that influence what the roles of an accountant of tomorrow will entail. Hop on reading to learn more about the role of an accountant: 1. Accountants: a quick job description 2. What influences the change in accountants’ role and functions?

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PYMNTS

JULY 9, 2019

Corporate cash inflows and outflows present ample opportunity for friction and disruption — and, as a result, ample opportunity for innovation. The tool lets treasurers keep a single account for each currency, for example, or to group accounts based on product line or legal entity.

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Going Concern

NOVEMBER 10, 2023

They also expect auditors to understand and evaluate processes and controls, analyze transaction-level data for anomalies, and test more data in real-time,” said Scott Flynn, KPMG vice chair—Audit, in a news release. The 2024 report details the talent situation in finance/accounting.

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Going Concern

JANUARY 5, 2024

The parliamentary scrutiny made household names of high-fliers who had become used to operating under the radar of public opinion or corporate accountability. Finance ] Beginning January 2024, KPMG will occupy 13,044 square feet in Virginia Beach. Shah, Visiting Lecturer at City, University of London.

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