Deloitte, Partner Get Record U.K. Fine for Audit Misconduct

Deloitte LLP and firm partner John Clennett got a record fine in the United Kingdom for misconduct after the U.K.’s accounting regulator said the audit and financial statements of Aero Inventory Plc fell short of acceptable standards.


BDO Leads in Q3 New SEC Clients

Top 6 Firm BDO USA brought on 15 new Securities and Exchange Commission audit clients in the third quarter, leading the auditor pack, while Hong Kong’s DCAW (CPA) Ltd. netted the most, with nine.


Thomson Reuters Debuts Cloud-Based Audit Solution

Thomson Reuters has released Checkpoint Engage, an online audit solution.


AuditFile and Wiley Release Upgraded Advantage Audit Suite

Audit software provider AuditFile and business publishers John Wiley & Sons have jointly released a new version of AuditFile’s cloud-based audit program and automation solution.


Audit Committees Shed More Light on Auditor Oversight

Audit committees are increasing the amount of information they are giving investors on the actions they are taking to oversee their outside auditing firms, according to a new report.


Internal Auditors Confront Ethical Pressures

Nearly one out of four internal auditors around the world face pressures to either suppress or change their audit findings, according to a new report.


PwC Audit Partner Charged in Audits of VC Fund

The Securities and Exchange Commission has initiated proceedings against an audit partner at PricewaterhouseCoopers accusing him of not doing enough to audit a venture capital fund whose manager was stealing money.


SEC Charges PKF O’Connor Davies with Issuing False Audit Reports

The Securities and Exchange Commission has charged PKF O’Connor Davies and one of its senior partners with issuing fraudulent audit reports on the municipal bond offerings of the town of Ramapo, N.Y.


Senators Warren and Sanders Question KPMG Audits of Wells Fargo

A group of Senators, including Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., are asking KPMG about the quality of its audits in the wake of the recent scandal involving Wells Fargo’s opening of millions of unauthorized customer accounts.


PCAOB Signs Agreement with Finland

The Public Company Accounting Oversight Board announced a cooperative agreement with the audit regulator of Finland, the Finnish Patent and Registration Office.